Where To Find Strength As Nasdaq Hits Resistance; Sphere, Nutrien, Walmart In Focus

17:44Mike Webster:Law moves fast and legal work still needs to stay ahead. LexisNexis protege legal AI workflows bring trusted authority and verified citations into every draft. Private, secure, authoritative legal AI. LexisNexis. Let's talk about a few notable stocks from the week. Let's go to Sphere. And you actually have seen at least one show right at the Sphere.

18:09Alissa Coram:Two shows, yeah. The first show I saw, Dead & Company, with my son there. And then the second time he was tied up and so I went solo. And oh my gosh, this is what our conversation was yesterday, was Metallica's coming in October. Which show am I going to? in October. So the sphere is such a unique place that it's as one-off. There's not a competitor to it. Now, this is way out of position for most people. I should say I have a position in it. But why I bring this up is when the market is terrible, as lots of parts of the market are right now, and you see something that's holding up like this, this is textbook post-gap action, where it gapped up, held in tight.

19:00Alissa Coram:Like this is exactly how we would have drawn it, right? If we were talking about this on the gap update, you would be drawing and saying, well, if it does this, then we can buy it coming out of there. And then you have today's low as your stop. So is this for everybody? No, but if you're aggressive and you still want to buy its strength in this market, which I'm still doing, because like, you know, I don't know. That's just how I'm wired. And that looks really good to me because you have a very obvious exit point, which would be today's low. And then the low from like a week ago, that would be the most amount of room that you'd want to give it.

19:41Mike Webster:So you were a buyer today, Webby, it sounds like.

19:43Alissa Coram:Yeah, I was buying it back today. I've been trading it. I think I was trading it before the gap up and on the gap up and in here. And I backed away from it because I was putting my money into other risky things. But when this firmed up today, I'm like, wow, I wasn't expecting that one to firm up. And so I bought it back.

20:01Mike Webster:Yeah, very compelling there. Moving on, let's go to NTR showing strength today and for the week of about 2.7%. Taking a look at the weekly chart here, pretty solid action after that breakout. And with these cyclical stocks, you know, right now we're seeing that return to triple digit growth for Nutrien. Yeah.

20:26Alissa Coram:So this is what, let's go to the monthly to kind of get a different perspective on this. This has been, let's look at one of their competitors, CF on a monthly, because it's a little bit better.

20:38Mike Webster:Has more history.

20:39Alissa Coram:And yeah, let's zoom out just one level. See, it has, but this group does have the potential to have these huge moves. And when we were trading it back then, we missed the first half because we were just, that's fertilizer. Like what's so special about that? And then you kind of rule it out. That's why we wanted to bring it up today. Let's go to the daily or go to the weekly on this one.

21:01Mike Webster:On this one? On NTR.

21:04Alissa Coram:NTR, I'm sorry. Perfect.

21:05Mike Webster:Nope, you're good.

21:07Alissa Coram:That knowing that that's possible, you go in and you say, okay, where's this money rotating into? And that last base was great in that it formed above the prior area, the prior base. So you had a base on base type. situation there. And that's really a constructive way for something to have a long bottom because everyone has had a chance to decide whether they're going to go ahead and continue selling it and they have it. And so it's lifted and you get those tight areas in there. Now it's forming not quite, you know, it was two weeks tight in there and then tight, like two weeks tight and then two weeks tight.

21:45Alissa Coram:So it's a variation on the three weeks tight, but that is a sign of accumulation. And I like how the earnings line is starting to go back up. And that's what you would see with a turnaround play. Let's go to the daily to see how you would get into this. And I had been trading this, but again, I put my money elsewhere. With this one, just right off the 21 day, today you could have bought it into that strength because this was your first real buy day post earnings. So if you wanted to wait for the earnings to be out, which is logical, today would have been your entry point which makes it so hard because all of these entry points like who wants to buy sphere up here who wants to buy ncr here because let's go to btsg that tried breaking out this morning and then reversed and that looked great i mean look at those numbers are spectacular the base was fine and it's um jesson coined it uh the whack-a-mole type of market.

22:44Alissa Coram:And that's exactly anything that pokes his head up. People are just selling, just saying, oh, I finally got a gain. I'm going to sell into that. And so that's what makes buying on strength so unrewarding in this environment. But you just have to decide, are you going to still do it? Or I prefer upside reversals off the 21 day, but you don't always have those. Right.

23:08Mike Webster:Well said. Let's round things out of this section of the show with Walmart. up 2.8 % on the day. Taking a look at the weekly, a couple of pullbacks near that 10 week after a breakout. What do you make of this, Webby?

23:25Alissa Coram:A slower, pokier place that you can trade, like if you're really wanting to trade. And I can see people just not trading in this environment and just maybe buying the RSP or the equal weight or some foreign ETFs and just sitting with them and waiting for the storm to pass. There's nothing wrong with that. But if you want to trade, here's a trade. So you've got the earnings behind you. There was a negative reaction on that, but it didn't blow apart. Found support before the 50-day. So that was a positive thing. And now it's setting up where you could just use your lines on here. I love having you back.

24:05Alissa Coram:Did I say that yet? But yesterday's low would be the exit that I would use if I were to buy it today. You do have its competitor, or at least to its Sam's Club, Costco, that's reporting, I think, next week. So that is a risk because sometimes they will move together. But that's another place that I like as well, and it moved back above 1 ,000. So the takeaway on this is to be open-minded to either really dial the trading way back and just wait. Let's go back to SPY. There's nothing wrong with people just saying, I'm sick of this, you know, every time it, because I'm sick of it. Every time it looks like it's going to go up, it doesn't follow through and it just runs into selling.

24:51Alissa Coram:Just say, you know what, I'm going to miss that first little bit and I'm going to wait until it gets up to 700. Like if you want to do that, that's fine. But then if it gets up there or maybe$6.98, you've got to buy it there. You don't have to say, oh, now it's gone up three days in a row and now it's extended and then you miss the whole thing. So just make sure that you have a strategy that you're going to use if you want to cut down on the chop, the pain from the chop that I feel you can just wait for a solid breakout. There's nothing wrong with doing that, but buy it if it goes through there, because if that keeps going and you wait for that pullback, the best bull markets don't give you that pullback.

25:34Alissa Coram:And then you're doing silly things chasing. Yeah.

25:39Mike Webster:Well said, Webby. Are you ready to share? Let's look over to my charts? Yeah, let's have you share your charts. Go for it.

25:45Alissa Coram:All right. And we've got a new chart in there for you that I think you're going to really dig. Great. It's cool stuff. Okay, we're starting off with our Bob Weir and rest in peace, Bob. Take a step back with looking at the weekly candles. And for those of you who have never been through this before, we go through a bunch of different charts. Our goal is to just look at each one in isolation, forget what we've seen with the other ones, and then let it paint a picture of what to expect, what would be normal and natural the following week. We're not predicting. We're just interpreting and saying what would be normal and natural with each one of these.

26:24Alissa Coram:So this in isolation, the SPY candle, well, it's a bad candle and it's not a bad candle. So let's say what is bad about it. The top wick up here is about the same as the bottom wick. So that's neutral to negative, right? It's not showing any signs of power there. Power would be a small top wick and a long bottom wick. So it doesn't have that going for it. And it's a negative body, meaning that it closed. That's why it's pink, that it closed lower than it opened. But on a positive note, that body is so much smaller than the prior two weeks. That's a sign of equilibrium. So that's good. And it's also, it hit a higher high and had a higher low this week versus last week.

27:12Alissa Coram:So it's a complete mixed bag there. it leaves you with an expectation of sideways. So we just make a mental note of that, and then we go on to the next one. Now we've got the composite. This is a much worse looking candle because your top wick is longer than your bottom, significantly longer, a sign of stalling, churning, just a lack of power. And your negative body is bigger, but it does have the higher high and higher low. So again, it's mixed, but it's more on the negative side with this one. Let's look at the IWM kind of in between. It did shake out last week's low and then close back well off of it.

27:58Alissa Coram:But this looks more on the negative side of things, but not in a big, terrible way, but just more lower, a lower low and a lower high would be what you would expect for next week. Like, let's, we will do the RSP on these to see how different this is. That's why this is a tale of two markets, right? You know, it's like, does this look at all like the other ones, Ellie? No, this is looking good. How would you interpret this one?

28:27Mike Webster:Well, we're at highs. You've got that nice blue candle and that bottom wick. I think it's looking quite strong here on the weekly.

28:37Alissa Coram:Exactly. So it's a higher high, higher low, positive body that's bigger than the prior week. Looks like it wants to continue its uptrend. Okay. So now we'll move on to our next batch of stocks. These are our regression ones. And we are going to start off with SPY and then we'll work through to the equal. So this one was tricky. I mean, really tricky. So we have our dates on here, 11-21 and 2-4. So those are 50 trading days apart, and that's where we lock in this regression. And this is just a simple regression. The white line is your line of best fit. The concept here is when a trend is established, it likes to stay within that trend.

29:24Alissa Coram:And as you go through this, you'll see kind of the different nuances. Well, last week was so tricky because normally when you break down below this minus one standard deviation, which is your green line there, you only have a couple days before you're going to throw this out and say this trend is now over. I'll just show you the prior one. This was the one that we had before starting in May of last year. And it was over here in October, on October 10th, when it broke down below that. But about two or three days later on October 15th, you pretty much had to kick this out and say it's no longer valid because it wasn't living up in that space.

30:05Alissa Coram:So it was the same thing with Spy. Over here, I was pretty much throwing it out. But then on this day on 2020 or 2020, I was saying, well, it's getting close up there. It was really this touch of gray area. I was going to give it a little more space. And on this day, it looked like, oh, it's trying to make it back up in there on the 25th, but we fell out of it. So at this point, that channel is dead. And it is dead to me until we get a new one. And we need a lot of time in there because you need 50 trading days. The NASDAQ is dead. It died over here. IWM is hanging on by a thread. So it tried to get back up.

30:47Alissa Coram:This would have been your key level as it goes through your green dash line, which is a minus 0.75 standard deviation. That's where you gun it. Because the concept here is when, and this is probably a great illustration of it. When you come down to this green line here and you move back up through your dashed green line, it wants to go back to home base or the white dash line is your home base. And typically when they get up there, they don't just get there, they overpass it. And when they get up to the red line, they tend to run into kind of out of gas and then they revert back into the mean.

31:25Alissa Coram:That's exactly what happened here. But now it's starting to break from there. So that's a bit problematic. We'll still give it a few more days to see if it can get up in there.

31:33Mike Webster:I was just going to say, could I quickly, super quickly just add that there's a reason why you have the red on the upper and the green on the lower. And it can be tricky, especially in a choppy market. But when you do get these longer trends or, you know, when these trends start to develop, that's where you can tweak your portfolio, right? You can sell into that strength, buy on the bounces at the lower channel.

32:02Alissa Coram:Well said. Well said. Couldn't have said it better myself. So now we've got the RSP. Why don't you talk about this one? Because this one looks quite a bit different.

32:12Mike Webster:It's holding right at that home base. So we could see some room to the upside. It also could pull in a little bit and still hold nicely within that trend.

32:22Alissa Coram:Exactly. And then we'll do one last one on here. Oops, I always do that symbol wrong. E-Q-A-L. So this one is a little bit unique in that sometimes when they start living in the northern hemisphere of this regression, So living up in here, sometimes if it's powerful enough, they can actually get up into the stratosphere up here and then live up there. That's a whole different animal. If we get up there, we'll talk about it then. But this, like you said on the RSP, could certainly come back down into here. But this is as healthy as it gets. So did you have some?

33:07Mike Webster:No, I was just agreeing. Okay. It's really good.

33:09Alissa Coram:I love it when you agree with me. So now we're going to move on to our 50 % retracement. And the key level there is 670 and change. That's just your midpoint. And I just look at this. It's not like this super important level of if it gets down to 670.28, that's the end of the world. It's just, is it living in the top part or living in the bottom part? This is living in the top part using the highs and the lows from back in the October time frame. We'll look at the Nasdaq that looks a bit different. This has been having a hard time staying up there. And now it's living more around the equator line, which is just another sign of weakness.

33:50Alissa Coram:And then the lower hemisphere over here is where it closed. So we want it to live up around above the 22 ,900 and change. We'll look at the IWM. So this one, we have different points because it's been stronger, and that was from the January low and the January high, and it's still in the northern hemisphere. So that's a good thing, even though some of the other charts didn't look good. Now we will move over to our lines that are important. And this one on the SPY, I try to keep it very simple. The lows from, you can either use the low from January 20th, the low from February 5th, or the low from February 17th, because they keep on hitting that same level that's around the 676 and change area.

34:42Alissa Coram:that's a good level of support. One level down from there is the low from over here on December 12th. So we want to stay above those. Let's go over to the composite. This one I've added some green lines on there because these yellow lines have been there for for weeks if not months and it's not abiding by them. So next week I'm probably going to remove these over here but I I just wanted to leave them on one last time because when something doesn't hold a line, well, don't draw a line there because it doesn't care about it. So those we would remove. And then we put some green ones up above there of levels that you want to get through.

35:24Alissa Coram:So the highs from Wednesday, very important. The highs from over here on the 11th, that time frame, are very important. And then we'll just look at the IWM. Nothing really to say about this. It's holding above those levels. If you're going to put a green line on there, it would really be yesterday's high. Now we're going to switch gears over to a new chart for you, Allie. Yes, it is. And this is new for some folks. This is something I've been using for years and years and years, but decided that I was going to start sharing it. Because I think it's very simple and a really good way to see where there is a trend or not.

36:03Alissa Coram:So this uses the Fibonacci sequence, which I'm a huge fan of. If you don't know what that is, you can just Google it. But, and let's just blow this up a little bit so folks can see it. In fact, it'll look better on something like the VXUS. So you can see them. The green line, that's just our current price. That's not a moving average. All the other ones are moving averages. They're all exponential. They're all the FIB sequence starting with three. So your yellow is your three. Your orange is a five. And then you've got an eight and a 13 and a 21 and so on. all the way down to the 233 day. The concept here is using these varying timeframes with an exponential moving average along with your green line, which is where you currently are.

36:51Alissa Coram:Are you above them or below them? Are they stacked properly or not? And when it fans out like this, that's where you make the most amount of money. When it's choppy, let's go to like a Q's, where it's back and forth, That's another way. You just have to look at your account and you'll see that that's probably what it looks like if you're trading Qs versus like a VXUS type of thing. And this indicator down on the bottom, I have something that it's more complex, but I just don't have time to dig it out. But this is one that I've used for a long time. All it does is it just counts how many moving averages are above each other.

37:30Alissa Coram:So the shortest one is a three-day moving average. If that's above its five day, it gets a plus one. If it's above its eight day, it gets another plus one and so on. And it looks at the five day, is it above its eight day and so on. It tallies it up. It can go from, you know, zero up to 45. And that's what this green line is down here. And it's just a great, easy way that I know to just cut out all the noise with the candles and other things and just look, is it trending or not? And if you look at, let's just go back to the bear market. There are some key levels on here. Anything over 40, remember it caps out at 45.

38:10Alissa Coram:Anything over 40 is very positive. Once you get to 35, it's a little questionable. Once you get under 30, that's when you start running into trouble. And that's what happened here on February, looks like 25th, 26th. It started going down through that level and it got a lot worse. Now, most of them aren't going to get that worse. That was a bear market. But again, it's just a quick and easy way to tell how things are. And eventually we'll put this in the new market surge as we have the time. So let's look at SPY. So this one was up here at the 45 when it was trending nicely. Then it started falling out of bed over here in November.

38:56Alissa Coram:And we'll just blow this up to more recent time frame here. And you can see how it reacts really quickly because on the 24th, it started poking up and got all the way up into the 40s earlier this week. But it's coming back down. But it's not terrible yet, but they always start here and then can get worse. Let's look at any questions on this. This is the first time you're seeing it, I think. I really like this.

39:28Mike Webster:I thought you would dig it. Yeah. I thought you would dig it. to study it more and to learn more about it. But yeah, and I have questions, but don't want to open a can of worms just yet. But in general, just helping visualize that trend and how sustainable it is, sort of just a good check, a pulse check almost.

39:53Alissa Coram:I love that pulse check. So, So, and when I get time, I'll show you the real indicator that's based on that. There's a lot more moving parts in there. And that's Webby's mojo trend. But that's for later, another day. But anyways, here's the RSP. And you can just see. So here's the equal weight of SPY. And look at how that's just been pretty much pinned to 45 up there versus SPY that we were looking at is up there, then down, up there and down. Give me any symbol. Stock. Anything you're thinking of. Oh, gosh. Tesla. Okay. So that's going to look terrible, right? Give me another one. I do have a position in that because.

40:37Mike Webster:Let's go to NTR. NTR. I love that. Okay.

40:43Alissa Coram:That's up there. What were the other stocks? We went over Walmart, right? And Sphere. And Sphere. Okay.

40:55Alissa Coram:There you go. That's looking good. Pretty, pretty. Yeah. Now we'll go to your favorite one. This is a simple one, just the 21 days. So we went through all that noise. Now all we're doing is just saying, is your low above this line, your 21-day exponential, or is it not? And it's not. And worse than that, two days ago, your low was above it. Now your high is underneath it. That is major chop. And that's not what you'd like to see. Now, that's a great candle today that on a daily basis, we've got a good candle. But this chart, we're just looking at that. Well, not a great candle because we have the gap down from yesterday.

41:36Alissa Coram:But as far as for a gap down, that's good. And we'll look at the NASDAQ. And again, your high is underneath that. And your 21-day is in a downtrend. IWM is having trouble through there. And then again, we'll go over to an RSP or a VXUS, and you can just see what a healthy one looks like versus unhealthy. And we'll just wrap this up very quickly with our other ones. Let's see. Okay, we'll go to the WebE RSI first on SPY. And you'll see that there isn't a WebE RSI on there. Not a good one. you get this little burnt orange there because that's measuring in terms of your ATR, how many ATRs, your high is underneath your 21 day.

42:27Alissa Coram:So you don't want to see orange. You want to see blue and you want to see a wall of blue, which we saw over here. That's when you're trending and your low is above your 21 day. The more it is above it in terms of ATRs, the higher up that will get. And here's the NASDAQ you've got a bunch of burnt orange spikes on there not what you want to see and we'll look at the RSP quite different there and let's look at like the VXUS and again this is the wall of blue and so this is another reason to focus in on your international side of things and our last chart my daughter's favorite the Bob Marley this is your off high measurement in terms of ATRs.

43:13Alissa Coram:That's this little blue line down there. Let's just blow this up so folks can see a little better. What you're doing here is you're trying to see one, where is it? Is it in the green area, which is within four ATRs of its high, yellow area four to eight, and red underneath there. So just what zone are you in? You're in your green zone. We're within two ATRs of our high. That's good. And this uses the low, not the close or the high for the day. So it's about two ATRs off of there. But the next thing you're doing is looking at key levels where it tends to get support. So on this one, it looks like it got support here at three and a little bit over three ATRs off the high.

43:55Alissa Coram:So if we get down to that area, that's where I'll be watching it closely to see if it got support. You can see it got support here, got support here and here. And this is just another way of slicing the same data. same thing for the nasaq is going into the yellow territory uh but this doesn't look as bad as the chart does uh frankly and then the rsp it's hanging up there near highs and then vx us up there near highs all looking good and i'm so proud of myself i did so much better so i now blame all the lengthy ones on Justin.

44:33Mike Webster:I think so.

44:34Alissa Coram:I think so. We'll blame him.

44:38Mike Webster:No, that was awesome. Really great overview, Webby. So let's sum it up for everyone. It's a tale of two markets, sort of depends on where you're looking, but it also shows why not only looking at the major indexes, but other ETFs and sectors and themes to see where that strength is. And then the power of screening, because there are stocks out there that are setting up, looking interesting, buyable. You just have to manage your risk. And like you said, if this isn't the type of market for you, if you've been getting chopped up, maybe there are other strategies with the ETFs that you could utilize until more of that traditional growth type broad market advance reappears.

45:29Alissa Coram:Well said.

45:31Mike Webster:You don't have anything to add?

45:33Alissa Coram:Oh, if you want me to add, I will. You know I always will. If you're going to screen this weekend, which you should always be screening, what I would do is I would look for a high closing range on a weekly basis. So 60 or higher, really 75 or higher on a weekly basis, I would be very loose with the rest of my criteria because we are still in this rotation period where you don't want to lean heavily on ratings like RS and things because they will take a while to work themselves out with this rotation. So what I would do is just make sure it's above its 200 days, above its 50 days. So you can screen for that within 15 % of its 52 week high.

46:16Alissa Coram:You can screen for that closing range. Let's call it 75 % closing range or higher. So you can screen for all that very easily. Then I would put a minimum parameter of 10 bucks and let's call it$75 million volume. With that, then just sort that by what was up the most on the week and play through that and look for themes that, oh, all this group is coming on. So what is coming on? If you do that, you'll probably find that shipping is hot. Trucking is hot. Utilities are hot. So there's lots of spaces where the money is flowing in and has stayed in that area. And utilities is one thing to keep in mind.

47:01Alissa Coram:Like it's really, and I'm not talking like the AI utilities. I'm talking like the slow pokey utilities. There are a lot of them look good. I mean, I hate to say it. They really do.

47:12Mike Webster:Yeah. When your utilities and your staples are looking good.

47:18Alissa Coram:Yeah.

47:19Mike Webster:Tells you something.

47:20Alissa Coram:What's your song of the week and we'll wrap it up.

47:23Mike Webster:Okay. And well, first I was just going to quickly say it's good. It is a good thing that I'm here because apparently Justin's internet went out.

47:30Alissa Coram:So yeah.

47:31Mike Webster:So you would have been left hanging. So it's a good thing.

47:34Alissa Coram:That would have been bad.

47:37Mike Webster:No, you hold your own with all your Webby Rambles on shows.

47:43Alissa Coram:Oh, by the way, from this weekend, we've got Matt Caruso back for a second time on the Webby Rambles on. But for the hardcore folks out there, it's a great episode. Hardcore folks out there that hear my stance on volume being dirty and why I don't use it. And I keep saying it's a long answer is a long answer. well so far i've got i think like six hours of it on there so episode 57 58 and 59 are all on dirty volume i do have another one to one or two to do on there but i think that's enough to get

48:15Mike Webster:you going at least get you to sleep so you're gonna have like 10 hours of content on dirty volume

48:20Alissa Coram:i could have a lot more than that frankly if i did it but it's uh yeah so on my youtube channel Webby 5150. That's awesome. If you have trouble sleeping. For all the hardcore. Hardcore folks. Yeah. Are you going to go to Metallica at the Sphere? That's what I want to know. You bring your little baby there?

48:39Mike Webster:Yeah. That's a perfect place to bring a baby. Perfect. But I hope you enjoy.

48:46Alissa Coram:Yes, I cannot wait. And then what's your song for the week? Because I want to know because I've got one. It's good.

48:53Mike Webster:I don't have one for this week, but I do have a song-related anecdote that I kind of teased on IBD Live when I was returning. But you go first. You go first. Only because we're doing so great on time, I will share. You go first.

49:09Alissa Coram:Really quickly. Now I'm a huge fan of Miles Kennedy. Actually, Joe Fahmy introduced me to him. And he's got this band, Alter Bridge, that is just great. And they have a new album out, Hang by a Thread. is my favorite song on that album. And as we were talking, I'm like, that'll be my song if she asked me because it feels like Nasdaq is hanging on by a thread. So it's a great song. I love it. So now I want to hear your story.

49:37Mike Webster:It is. Yeah, great way to tie back into what you were saying at the beginning where the Nasdaq is. Well, Webby, my last episode with you before I left, we were talking about Spotify playlists, right? And so I had created a Spotify playlist in anticipation of my daughter's arrival to this world. And I will try to make this a quick story, but basically.

50:05Alissa Coram:Make it as long as I'm excited. How many songs were in the playlist? That's what I want to know.

50:10Mike Webster:Well, it was for sure over three hours worth of songs. So it was quite a bit. and how do I want to go about approaching this? It's a very happy thing. Basically, what I want to say is, I think personally, and if you want to go, this is over time. We're done. If you only wanted the stock stuff.

50:37Alissa Coram:This is my favorite time. Everyone stay tuned. If you wanted the stock stuff. I'm going to find where you live and I'm going to come knock on your door and say, don't be rude. We want to hear Allie's story. So let's hear it.

50:46Mike Webster:If you want the personal stuff Then, yeah, hang out at the end for SMT overtime. But basically, I feel that having a child reinforced my belief in God and his miracles in so many ways. It's just been such a special thing. And my daughter is the best thing that's ever happened to me and my husband. And one God wink that happened was related to a song. So we had over three hours of music. And when it came time to have the emotional music playing and all of that, you're in the zone. For those of you parents out there, you're in the zone for that. And then all of a sudden, I heard out of the three and a half plus hours or whatever of music that we had, my husband and I, our wedding song came on.

51:49Mike Webster:Oh, my God. And so and it had only we had only been playing the music for about an hour. So of all the songs I could have been playing, this one starts playing. And I turn to my husband, Ben, and I say, babe, it's our wedding song. But it gets better because the wedding song is from the ground up, Dan and Shay. And the lyrics to the song actually talk about having a baby girl. And so who would have known when we chose our wedding song? You know, I guess this marks our 10 years in October. And the song came out that year that we got married. Who knows? And that we would have ended up a decade later having a baby girl.

52:43Mike Webster:And so it was just very special. The lyrics of the song. I'll just I'll say just a little bit of how it starts out.

52:51Alissa Coram:So it says this is the best S &T ever, by the way, ever, ever.

52:56Mike Webster:So it says grandma and grandpa painted a picture of 65 years in one little house. more than a memory more than saying i do more than kiss you good nights and i love yous me and you baby we'll walk in their footsteps build our own family one day at a time 10 little toes a painted pink room our beautiful baby looks just like you and then it goes into the chorus and so that of course so many emotions come up hearing that song if that's your your wedding song in the fact that it's about having a baby girl and I'm having my baby girl. And then, uh, so the doctor and the nurses heard me say, babe, it's our wedding song.

53:39Mike Webster:And they're like, all right, you have, you have to have your baby with this song playing. And I did. So my daughter was born. That's when it just, God's timing that who, who else could have created that moment in my humble

53:58Alissa Coram:opinion but that is the best birthing story i've ever heard like that is that is awesome so i wrote

54:05Mike Webster:that down dan just say the dan and shay s-h-a-y they're a country group okay and from the ground from the ground up from the ground up so the the chorus says we'll we'll build this love from the

54:21Alissa Coram:ground up basically so well your little one it talks about having a little girl so it was just

54:28Mike Webster:a full circle moment for us very special yeah i remember your reveal video that you had was that in your backyard that you've had yes well no that was actually that was at my brother's house

54:40Alissa Coram:that was at my brother's house explain to people that the reveal thing so we love to golf and my

54:48Mike Webster:husband's a big, big golfer. And so I was like, what a more perfect way would it be to reveal the gender of our baby than to have, you know, I think it's, it's cute if you could cut a cake open or however people want to do it, confetti or just sharing what the gender is. But they make these golf balls that they basically have a puff of smoke of whatever the color is of the gender. So we had my husband hit a golf ball and it had a poof of pink smoke.

55:21Alissa Coram:That was such a cool reveal video that you have. That was awesome. So I'm going to ask you one question. So what has been your favorite thing that she has done so far? Because I'm trying to think back at that age. Like what, you know, because every little milestone, like just even like moving a little bit, it's such a big deal. Right. Right.

55:43Mike Webster:Well, I think the first time that they smile at you for real, you know, is really special. She also really early on started imitating sounds that we made. Really? Yeah. So probably around six weeks, we were trying to teach her how to say, I love you.

56:06Alissa Coram:Oh.

56:06Mike Webster:And so she would get the vowels, but then, you know, eventually she has sort of said, said it on her own to us. She's still only six months old, but it's special. And then the first time that they, they kiss you, meaning on purpose, it's like, you're not, your mouth didn't just happen to hit my face. Like you did that on purpose. So all of those things are really special. She's a real sweetie.

56:37Alissa Coram:Oh, that's wonderful. I'm so happy. The giggles.

56:40Mike Webster:When they start giggling and you can make them laugh. That's also the best.

56:44Alissa Coram:I'm going to repeatedly ask you that question. So you are going to have to keep the audience. And you're not allowed to talk about this except on Friday SMTs because, no, I'm just kidding. But I want to look forward to hearing what, you know, the first steps and, you know, like the whole thing. So it's just the best time of your life.

57:05Mike Webster:enjoy oh the rolling oh yeah she's starting to roll so lots of lots of fun stuff oh that's

57:13Alissa Coram:yeah that's awesome congrats to both of you guys you guys are such a cute couple and i'm happy that you're close to the family and all so that that makes having um the support network there uh right if i'm gonna be here you know exactly it's it's very helpful it's very helpful to have

57:31Mike Webster:such a supportive work family too. So we missed you,

57:35Alissa Coram:but we were in full support of you. I wanted you to take every day that you possibly could.

57:40Mike Webster:So happy. Thank you. I really appreciate your support. And thanks everyone out there. I'm going to, from the chat, I will read these later. I will read these later from you all. So thanks so much.

57:53Alissa Coram:Yeah, I didn't get a chance to read those. Normally I'm reading them during the time, but sorry guys.

57:59Mike Webster:Yeah. Yeah. Well, thanks for letting me share. And we finished in under an hour. So it's a win.

58:07Alissa Coram:No, it's Justin's fault. I had nothing to do with it.

58:10Mike Webster:No, not at all. Well, Webby, thanks so much for a great show. It's great to be back. More to come. All right. That is it for this week, everyone. And we will see you next week on IABD Live theinvestors.com slash IBD live for all the details. Wednesdays, you can catch Webby on the show. And of course, make sure to check out those WRO episodes. All right, everyone, we hope you have a great weekend and we'll see you back here next week.

58:57Data is everywhere, but is it ready for consumption?

59:02Alissa Coram:Morningstar developed the language of global investment data, so you have the right ingredients to help you shine. Morningstar, where data speaks.