IBD Stock Market Research Director. Host of Investing with IBD Podcast. Educating investors for 20+ years on stock trading, swing trading, and markets.
Feel so fortunate that I got to work closely with Bill for 15 years. His belief in hard work, constant learning, and curiosity for all things were contagious. So grateful that he was willing to share his knowledge with so many including myself. What a lasting impact. RIP
Pioneering stock speculator,
#entrepreneur
, author, and philanthropist William J. O'Neil has passed away. He is best known for the CAN SLIM®
#investing
strategy. His
#legacy
continues today through his companies and nonprofit efforts.
We are on day 4 of a rally attempt. Potential FTD? Bill O'Neil might have changed the % threshold over the years, but he always wanted to see an unequivocal day of power. I don't think an inside day would qualify. Can't find any compelling historical examples.
It was a brutal year in 2022, but
@Upticken
is spreading a message of holiday cheer with
@irusha
and me. An unforgiving market teaches lessons and sets up the next great bull market. Stocks discussed: $SMCI $ALGM $HALO $CAT $MBLY. WATCH here:
Ever break a rule and think it's a one-time thing?
@markminervini
is back on
#IWIBD
podcast with
@irusha
and me talking about how that can be slippery slope. Discipline is key! He also covers markets and analyzes stocks: $UBER $GLBE $AMZN $VTS
WATCH Here:
On
#IBDLive
this morning, I shared a quick data set I ran after yesterday's reversal. Pulled days that closed positive and then the top 15 days of % drops at intraday low. Subtracted close and low for Swing, looked at peak over next 10 days and whether low was undercut. Enjoy!
Sometimes, it's not enough to identify your investing mistakes; you have to know the why to fix them.
@chasharris1025
joins
#IWIBD
with
@irusha
and me looking at the psychology behind investing success. He also covers stocks: $DUOL $TOL $SHOP.
WATCH Here:
2019 U.S. Investing Champion
@LeifSoreide
is back on the podcast this week. He shares thoughts with
@irusha
and me on the market and careful concentration for swing trading. Lots of charts including $NVDA $CHDN $UBER $PANW. Good one for video. WATCH Here:
How do you become a 3X US Investing Champion? Concentration.Not just mentally but in your portfolio. David Ryan is back on the podcast with
@irusha
and me and shares his approach on position sizing.
@dryan310
also analyzes $TDW $OII $CRS $ELF
WATCH Here:
Ring in the New Year with Jim Roppel on
#IWIBD
!
@upticken
joins
@irusha
and me to explain why he's so bullish for 2024. He also covers the importance of stock charts with tons of examples, including $CRWD $UBER $DUOL $ESTC $NVDA $AMD and more.
WATCH Here:
On April 9, 1984 I was on the cusp of my tenth birthday and Investor's Daily launched Vol. 1 No. 1. Now 40 years later, I've been working at IBD for over half of my life and over 2/3 of IBD's life. Can't imagine my life without it.
Today marks 40 years since William O’Neil’s vision came to life with the very first issue of Investor’s Business Daily. Here’s to the last four decades of democratizing investing. 📰✨
#40YearsofIBD
What do legendary traders do differently that makes them successful?
@monsterstocks1
John Boik literally wrote the book on it. He shares market history with
@irusha
and me. We chat about markets, rules, discipline, the Fed and stocks $CTVA $CF $CHX
Wow!
@irusha
and I will be taping the 200th episode of The Investing With IBD Podcast today. Irusha blazed the trail back in February 2019 so almost 4 full years! I'm almost at 100 episodes since I joined. Our episode with
@DKellerCMT
drops tomorrow. A great way to celebrate! 🥳
It's
@RichardMoglen
back on the
#IWIBD
podcast with
@irusha
and me:
👉Insights from his interviews of top traders
👉How studying history gave a road map for his 1st bear market 👉Applying theory to reality.
Stocks covered: $UTHR $ENPH $CRDO
WATCH here:
@Upticken
is back on the
#IWIBD
podcast with
@irusha
and me. He takes time from his vacation to share his advice on surviving corrections. And just as important, how to prepare for the opportunities of the next bull market. WATCH here:
Want to learn how to turn a great stock into a 10-fold move?
@KGD_Investor
breaks down her $NVDA trade on this week's podcast. Lot to learn about the mentality allowing her to sit through corrections. Plus, recent IPOs $RDDT $HOOD and $ARM.
WATCH Here:
Webby is back and he's taking on a big topic with volume. Is it as useful as it used to be?
@mwebster1971
joins
#IWIBD
with
@irusha
and me to explain how volume got "dirty." We also cover power trend precedents and stocks: $INSP $CAVA $ALAB
WATCH Here:
How do you use market sentiment to make investing decisions?
@MarkRitchie_II
chats with
@irusha
and me about it on the
#IWIBD
podcast. He also talks about when to get aggressive and analyzes stocks: $META $NVDA $GOOGL $PDD $DUOL $SNPS
WATCH Here:
How can you trust a follow-through day when it appears?
@RossHaber_
of
@TraderLion_
is back on
#IWIBD
to tell
@irusha
and me how to evaluate follow-through days with quantitative and qualitative rules. Stocks include: $CDNS $KRTX $FSLR. WATCH here:
Follow-through Fahmy does it again!
@jfahmy
joins
@irusha
and me on the
#IWIBD
podcast this week to discuss why this follow-through might be different. Plus, how moving averages can act as guardrails. We finish with stocks: $NVDA $MSFT $UBER.
WATCH Here:
William O'Neil would have been 91 today. We often had Founder's Day BBQs at IBD in his honor but today I'm going with his typical lunch order: fish, steamed vegetables and no bread. Here's my last podcast from the office where I learned so much from him.
You better believe
@mwebster1971
gave homework on his podcast appearance. Just so you don't have to stop the video, here are some of the longer power trends to look at for precedents. Date gives where power trend started, first break of 50-day, and power trend end.
It's going to be great having
@mwebster1971
back at IBD. I'm sure there is going to be a lot more analysis like this as Webby returns to
#IBDLive
as a regular.
How does the current power trend stack up vs. some of the best trending markets throughout history?
@mwebster1971
and
@IBD_JNielsen
share some VERY cool data to show just that, and how traders should use this as a guide for handling today's market. WATCH:
This week's podcast features "Market Wizard"
@Crowded_Mkt_Rpt
. He talks with
@irusha
and me about using commitment of traders data with a news failure event to put the odds in his favor and uses the US Dollar trade as an example.
Video and Audio Here:
That
@AlissaCoram
. She's always up to something...😉 I can't even express with how impressed I am by her journey. When she was "green" she was awesome. Now, as one of our "veterans," not only does she bring excellent analysis, she is very accessible by beginners. Must watch TV!
Y'ALL!! I am absolutely thrilled to announce I'm launching a YouTube channel! Excited to bring you some informative and entertaining content in a totally NEW way. So come along for the adventure, it's gonna be fun!
Curious about Bollinger Bands? We have John Bollinger himself on
#IWIBD
this week. He gives
@irusha
and me the story of how he came up with the technical indicator and how he uses it. He also demonstrates their use with stocks $CTAS $INTC $AMZN WATCH Here:
We have another Market Wizard on the
#IWIBD
this week.
@basso_tom
, Mr. Serenity himself, talks about what foundations every trader should use. Great stuff on position sizing. We also chat about gold, oil, and hedging.
WATCH Here:
You don't want to miss this folks 👇.
@Trader_mcaruso
does such a great idea at explaining the market and coming up with actionable ideas (when appropriate!)
Tomorrow, I'll be a guest on
#IBDLive
with the wonderful
@AlissaCoram
&
@IBDinvestors
team. As usual, there are many things to discuss: Solar, Autos, Health, and more.
Time for a history lesson!
@irusha
and I take a look at some of the worst bear markets and how they recovered. Good for keeping spirits up and forming a game plan for the next uptrend. Stocks covered:$WES $SO $WWE WATCH here:
Bear markets can easily lead to money slowly (or quickly) leaving your portfolio.
@irusha
and I talk about how to stop the chop by keeping exposure light. We also have
@Upticken
drop by covering stocks on his radar $LLY $BIIB $VRTX $SWAV $ENPH. WATCH here:
@duckman1717
First time I drove WON to LAX was in a tiny 3-cyl Ford Festiva. He told me to keep the car as long as I could, save my money for the stock market rather than a new car. Despite his success, he drove an older car at the time and had it another 7 years before getting a new one.
Isn't technology amazing? We chose a more grim look for our social thumbnails. No smiles from
@irusha
(aka Mr. Smiles) and me this time given the "jungle" of a market. But a member of our video team couldn't resist having a little fun. Happy 4th of July, everybody!
@IBDinvestors
Hard not to like the action in the stock market today. S&P 500 support at 21-EMA. Lots of upside reversals as a result.
@mwebster1971
and I were finding lots of things that look good!
Market indexes have improved but let's take a deeper dive, shall we?
@Trader_mcaruso
joins the podcast with
@irusha
and me to share his favorite tools that help him know the market environment better.
We also look at stocks $IOT $ANET $FND
WATCH Here:
We've got
@KGD_Investor
back on the
#IWIBD
podcast! She talks to
@irusha
and me about finding first stage bases. She's knows it only takes nailing a few just right to make a big impact on your portfolio. Stocks covered $TWLO $OLLI $TOST $DUOL. WATCH here:
It was so much fun having
@mwebster1971
back on the podcast with
@IBD_JNielsen
and I. I'm so excited for Webby's return back to IBD. A truly epic show.
So
@IBD_CGessel
and
@mwebster1971
asked for a market study on
#IBDLive
today. Nasdaq composite low above 21-day EMA >= 15 days, 50-day SMA in downtrend, 50-day < 200-day. Results: Jan. 2019, Mar. 2016, May 2001, Jun 2000, Nov. 1985, Apr. 1982, Oct. 1981, May 1980 and Jan. 1975.
"If you aren't bullish here, when will you be?"
@upticken
is back on the show with
@irusha
and me talking about how short-term snags shouldn't derail your positions in what could be a chance to "level up." We cover $NVDA $CAVA $AMZN and crypto.
WATCH Here:
Everyone's focused on the Fed tightenting, but what about the stock charts tightening?
@jfahmy
is back on
#IWIBD
to talk with
@irusha
and me about why "tight is right." We also talk markets, sectors and stocks, including: $XBI $RVNC $KLAC. WATCH Here:
Feeling down about the market?
@AlmanacTrader
is on the
#IWIBD
podcast and shares data from "The Stock Trader's Almanac" about October bottoms. He makes a case that an end-of-year rally is still reasonable. We also cover
#bitcoin
$XLP & $SMCI.
WATCH Here:
We've got
@AnneMarieTrades
on the
#IWIBD
this week with some great option trades. She shares how to use ranges to set strikes for butterfly option trades and manage them. She uses $BA as a case study with $TSLA and $XOP as current examples.
WATCH Here:
Anchors Aweigh! ⚓
@alphatrends
is back on the show, discussing his new book on the Anchored VWAP with
@irusha
and me. Highly recommend watching the video because Brian goes through a ton of charts in detail, including: $FAST $FRSH $PZZA $BSX. WATCH here:
A decade ago, I worked with William O'Neil on a series every Wed. called "How To Find And Own America's Greatest Opportunities." With medical stocks on our minds on
#IBDLive
this week, I pulled out $BIIB from the 90s. It was featured on July 17, 2013.
How much bearishness do we need to turn this market around?
@chasharris1025
is back on the
#IWIBD
podcast with
@irusha
and me sharing his studies on sentiment indicators. But, there's a reason they are secondary! Stocks: $CELH $SWAV $FLSR WATCH here:
ICYMI...
@mwebster1971
and I jumped on to do a SwingTrader update covering recent activity. This was our pilot episode and mark your calendars for Tuesdays. WATCH here:
Consistency is an essential part of trading. So are moving averages.
@alphatrends
joins the
#IWIBD
podcast with
@irusha
and me to discuss keeping your moving averages consistent across multiple time frames. He also analyzes $RPD $OKTA $ZS.
WATCH Here:
Is it time to see what the view looks like from the peak? 🗻
@EricKrull1
shares his Everest indicator with
@irusha
and me on
#IWIBD
this week walking through $SMCI $ARM $GCT. He also shares recent updates to his market rally studies.
WATCH Here:
Is the worst of the correction over? Tom O'Halloran from
@lordabbett
rejoins the
#IWIBD
podcast with
@irusha
and me. He shares his process for analysis and reasons why he is starting to get bullish. Stocks covered: $ARGX $PODD $LNG $CMG $TLSA WATCH here:
Just to clarify, this doesn’t mean you need to bury your head in the sand to reality. Bill could be very bearish at a given moment, but he didn’t give up hope. He looked at those corrections as opportunities. Another chance to make money was right around the corner.
Don't let FOMO get the better of you!
@AnneMarieTrades
is back with
@irusha
and me to see why she thinks patience will pay off in the long run. We also cover stocks like $TPR $ROK $DXCM and her recent options content for
@IBDinvestors
. WATCH here:
Failed follow-through days getting you down?
@irusha
and I look at one of the worst bear markets in history: 2000 - 2003. Over 20 follow-through days covered, the good, the bad, and the ugly. Also stocks currently setting up: $CNC, $MCK, $SCI. WATCH here:
In this episode of
#IWIBD
,
@Zeninthemarkets
joins me to honor IBD founder Bill O'Neil after his passing. Bill inspired so many investors and changed countless lives for the better. We also talk markets and stocks $PATH $MNDY $CRWD.
WATCH Here:
Back from vacation and start out with the great
@jfahmy
on the podcast this week with
@irusha
and me. He recaps the first half of 2023, talks about AI and guidance surprises, why flexibility is critical to success and stocks $NVDA $MSFT $ISRG. WATCH Here:
The legend of point & figure charting,
@PNFtomdorsey
is back on
#IWIBD
! He tells
@irusha
and me a simple way to build a bullpen of stocks using relative strength and why he's bullish now. Irusha and I close with some stocks: $MUR, $AJG, $WING
WATCH here:
We've got
@DKellerCMT
back on
#IWIBD
for our 200th episode! He talks to
@irusha
and me about biases and how human nature betrays our investment decisions. Plus, lots of technical analysis on current markets & stocks, including $GDX $ULTA $DHI.
WATCH here:
@WishingWealth
Bill made it very clear to us internally that volume higher than the day before was main requirement.
Reason? A few instances where volume was below average but above prior day and Bill didn't want them excluded.
Result? He wrote "should" in 3rd ed. and "in most cases" for 4th.
When a charting legend says, "This looks familiar..."
@irusha
and I paid attention. Tom Dorsey is back on
#IWIBD
talking about the bullish precedent for this market, the power of AI, using automation for finding stocks like $NVDA $COIN $CRWD.
WATCH Here:
With a choppy market, it's even more important to have standards.
@DanFitzpatrick
joins
@irusha
and me for a conversation on current market and why patience may be the most important trait to have right now. We also chat about $NVO $HUBS $GS
WATCH Here:
So the follow-through day yesterday is looking a little rough today. Fortunately, we had
@EricKrull1
on the podcast just a few weeks ago.
@irusha
and I chatted with him about early signs of success and failure.
Watch here:
Earnings season is coming and we've got Tom Sosnoff from
@tastyliveshow
chatting with
@irusha
and me on how to handle it. We discuss $TSLA $NFLX action and he shares what it was like on the other side as CEO of a public company. And much more.
WATCH Here:
NEW
#IWIBD
podcast:
@Upticken
joins
@IBD_JNielsen
and
@irusha
to share what he's learned from following Bill O’Neil for 30 years. Jim shares how he finds true market leaders. $NET $DXCM $ZM $COIN are on his radar. WATCH here:
In celebration of
#Web30
, here is an "upgraded" version of back in 2001. When I started in 1997, it was a single page showing
#CANSLIM
. We also had AOL and Prodigy channels.
@IBD_KShreve
headed up education and answered emails from our AOL account.
People are wondering how the VIX got so low for so long.
@jonnajarian
explains it might just be the 0DTE options messing with the calculation. He also chats with
@irusha
and me about the current market and stocks on his radar $TSLA $GOOG $XLI.
WATCH Here:
We've got
@IBD_DChung
back on the podcast as we do a belated birthday shoutout to
@IBDinvestors
founder William O'Neil. David shares with
@irusha
and me, lessons learned from Bill and ways to apply them in the current market. $ON $MELI $RMBS WATCH Here: .
I'm pretty sure that the market reaction today was ahead of Joe's appearance on IBD Live tomorrow. They don't call him "Follow-through Fahmy" for nothing.
Putting together my notes for
#IBDLive
tomorrow. I plan to review: 1) My analysis of the recent price action 2) The price action of many growth leaders 3) A rare historical precedent 4) A recent new buy 5) Questions I have for the team. See you tomorrow morning!
Bottoms up! 🥂
@DanFitzpatrick
is back on the podcast to explain why he switched from a "top-down" to a "bottom-up" approach to finding stock market winners. He also covers the current market and analysis on stocks $ANET $ADI $MARA.
WATCH Here:
@thiruvar
Not all distribution days are created equal. At one point, Bill was treating these days as just "half distribution." He scrapped the practice when it seemed to cause too much confusion but he always took into account how severe the distribution days were.
Curious about Bollinger Bands? We have John Bollinger himself on
#IWIBD
this week. He gives
@irusha
and me the story of how he came up with the technical indicator and how he uses it. He also demonstrates their use with stocks $CTAS $INTC $AMZN WATCH Here:
A lot of people have been asking and here it is, IBD's Long-Term Leaders. A lot of different trading styles out there and now we are offering something for the crowd that likes lower turnover and longer holding periods. Now all we need is for the uptrend to return!
It's OUT!
@IBD_CGessel
@IBD_JNielsen
& I have been working on a VERY cool new feature for
@IBDinvestors
It's called IBD Long-term Leaders Portfolio & Watchlist
But please DO NOT BUY anything RIGHT NOW as they are NOT in position & we need a FTD.
What do sports, slot machines and inch worms have to do with improving your trading?
@jaredtendler
is back on
#IWIBD
with
@irusha
and me and shares how to "suck less" in trading. We look at the market rally and sectors with $TAN $LIT $XLU. Watch here:
Ants, earnings lines, estimates, and volume. Our new platform
@MarketSurge
is out and we have
@zeninthemarkets
sharing what's new on
#IWIBD
this week. He uses $NVDA as an example and also looks for the $AMZN of (fill in the blank), $SE $CPNG. WATCH Here:
It's a Valentine's Day Special on
#IWIBD
this week.
@irusha
and I take some we time to discuss the difference between dating stocks and marrying them. We also check out dining with $CAVA and $KRUS, the free-love shoe $BIRK and of course $LUV.
WATCH Here:
@TMLTrader
Great case study on $AAPL. Bill O'Neil mentioned this at a seminar in Century City within a few weeks of the date shown. One of his biggest winners of the last decade and the last time I saw him go truly heavy with conviction.
Even when things are great in the stock market, you still need an exit strategy.
@markminervini
drives that point home in this week's
#IWIBD
podcast. He dives into market sentiment and covers tons of stocks: $JAKK $MMYT $WWD $NET and more.
WATCH Here:
Last week was hedging, this week is selling.
@Zeninthemarkets
is back with a look at the former leaders that are down 70% or more. How do you avoid riding these stocks down. He shares some rules with
@irusha
and me plus some stock ideas $SLB $APA $ACLS
We chatted about $MRNA this morning and I had my finger on the trigger. Sold the majority after it flattened out and started selling hard around 9:30 a.m. Pacific. I can always buy it back.
WATCH: $MRNA stock went on a wild ride today – the
#IBDLive
team discussed strategies for taking profits in
#Moderna
on this morning's episode. Full analysis here:
If this correction ends up being more serious, the VIX can be useful in helping identify a market bottom. Here's an Investors Corner I wrote a while ago on the subject. More recently a spike in the VIX in December 2018 called the bottom perfectly.
It's the return of our former producers! Hot off their Las Vegas adventure,
@AlissaCoram
and
@IBD_Alexis
join the show to share notes from
#CES2023
.
@irusha
and I finish the episode off with a look at the new rally plus stocks $NUE $AON $ETD
WATCH HERE:
Do you like to get technical and tactical?
@StocktonKatie
rejoins
#IWIBD
podcast to discuss how she uses her favorite indicators. Stochastics, MACDs, Ichimoku Clouds and more. Plus, a deeper look at $AMZN $MOO $GIS on the technical side.
WATCH Here:
School's in session and Professor
@malekanoms
of Columbia Business School is on
#IWIBD
! He explains blockchain and cryptocurrency to
@irusha
and me including trading vehicles and applications.
We end with markets and $HRMY $XOM $COST.
WATCH here:
What do you expect?
@Trader_mcaruso
rejoins the show to talk about expected returns with
@irusha
and me. When you have a high enough expected return, that's what can make a risk worth taking. Stocks covered:$PTEN $HALO $BOX WATCH here:
We've got
@DrStoxx
back on the show and he covers his top 3 things to look for in momentum trading. Plus he builds a
@MarketSmith
screen using his criteria and then analyzes some of the stocks on there including $LBRT $CLS and $APG.
WATCH Here:
@mwebster1971
@IBD_ECarson
@vdnBubba
@IBDinvestors
I put in a lot of hours but I can’t keep up with Mike and Ed. While our kids are of a similar age, I did the reboot and have a 5-year old. He demands I take breaks from work to play dinosaurs.
A New Market Chat is out ft
@IBD_JNielsen
!
Justin is the Market Research Director at IBD & was the longtime assistant to William O'Neil
✅ Working on O'Neil's Special Projects
✅ Key Lessons
✅ Market Studies
✅ Swing Trading Style
👍 Like & Rt! 🔁
Harold Morris is on the
#IWIBD
podcast to discuss your
#investing
options with
#options
. He tells
@irusha
and me how he got started with vertical spreads and uses defined-risk trades to collect premiums. Trade examples: $GOOG $META $ANET.
WATCH Here:
We've got
@KGD_Investor
back on the podcast with
@irusha
and me discussing the market recovery. What patterns might recent IPOs have before their next runs? She provides stats and case examples plus watchlist including: $ALGM $ONON $DV. WATCH Here:
"Don't fire until you see the whites of their eyes!"
@dlundgren3333
shares his 5 inviolable rules for trend following and the power of waiting. He chats about current market breadth issues with
@irusha
and me plus stocks $RIOT $ONTO $CWST. WATCH Here:
My article on Friday suggested that the market was dealing with more of a minor pullback vs. stock market correction. That thesis is holding today. Looking for reversals and stocks with relative strength lines hitting new highs, among others.
Following mutual fund buys is a great way to be in the right stocks. But how does that help in a bear market? Scott Bennett from
@investwithrules
shares his latest data and bear market strategies. Also discussed stocks $ORLY $CI $ENPH $LGND.
WATCH here:
Not much desire to do a lot of buying right now. Lots of earnings reports this week, Fed, 50-day lines looming above market indexes, take your pick. Patience seems prudent.
What's your trading New Year's resolution?
@Trader_mcaruso
rejoins the
#IWIBD
podcast with
@irusha
and me to talk about his process. He's looking at where his money goes in stocks and where it stays. Plus a deep dive on $AFRM $SQ $SHOP.
WATCH Here:
It's a little "we time" with
@irusha
and me on this week's
#IWIBD
podcast. Power trends and subsequent follow-through days are showing up in the current rally. We look to the past for similar examples. We also analyze $ON $ODFL $NEWR.
WATCH Here:
It's a nightmare for investors. The stock that plummets and fails (looking at you $SIVB 👀 ) But
@WorchCapital
talks to
@irusha
and me about the technical signs that help you avoid blowups. Also covers strong stocks like $ONON $NVO $ANET.
WATCH here:
Calendar ranges, market phases and the economic "modern family."
@marketminute
covers it all on
#IWIBD
with
@irusha
and me. She shares reasons for caution right now but optimism going forward.
Stocks covered: $TECK $GRMN $COIN.
WATCH Here:
Great discussion with
@AlmanacTrader
and
@irusha
with a preview on some upcoming data for the next "Stock Trader's Almanac." Really helpful to get the historical perspective. Plus we chat about bonds, transports, industrals, and technology. WATCH HERE:
We’re surfing the market during
#sharkweek
!
@irusha
and I talk about how to ride the waves of the current market with risk management, position sizing, and patience. We finish with a look at $TAN $MNST $PRGO.
WATCH here:
It's Star Wars Day!
#MayThe4thBeWithYou
. We've got
@IBD_ECarson
on the podcast with
@irusha
and me to talk about using the Force to become an investing Jedi Master. We cover market, Fed, earnings, Jedi mind tricks and stocks: $ACLS $FND $BKNG
WATCH Here:
Want more $NVDA but don't have the cash 💰? Will Rhind of
@graniteshares
joins
@irusha
and me on
#IWIBD
to discuss leveraged single-stock ETFs. We weigh conviction bets vs. larger downside and analyze $NVDL $TSL $BABX $CONL and macro trends. WATCH Here: