Tradeable Lows, Nvidia’s Data Center Finance Deal, Surprise Comebacks for Schwab and Expedia

**Josh Brown** (0:14)
Yeah, that's right.
Ladies and gentlemen, welcome to the very finest investing live stream anywhere in the world. My name is Downtown Josh Brown, here with me as always. My co-host, my colleague, Mr. Michael Batnick. Michael, say hello.

**Michael Batnick** (0:30)
Hello, hello.

**Josh Brown** (0:31)
All right. I don't know if you'll like the new intro. If you do, throw your B's up in the chat for the Duncan Hive, because that is the one and only legendary Duncan Hill. Ladies and gentlemen, we are so excited to be here. We do the show every Tuesday, almost without fail at 5 p.m. Eastern. We're gonna get to all of the biggest investing topics that are happening right now that people in the markets are talking about. We have takes on takes on takes. We have charts, we have data, and we have a rocking live audience. Last week, I think we had 2,600 people show up for the live, which if it's not a record, it's pretty damn close. So let's say a couple of quick hellos to the people on YouTube that are here for the live. I see Heather M42 is back saying, Hi, Nicole, what about us?
What about us? Let's see. ND says, best pod on the world. Yeah, I have to agree.
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**Michael Batnick** (1:51)
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**Josh Brown** (2:40)
That's a 10 out of 10 ad read, Michael. Thank you so much. Shout to Betterment Advisor Solutions.
What's a tradable low? What is it when I say that term? What does it mean to you?

**Michael Batnick** (2:51)
You know, I think...

**SPEAKER_3** (2:51)
Have you heard it before?

**Michael Batnick** (2:53)
Excuse me.

**Josh Brown** (2:54)
Have you heard people say it? Tradable low?

**Michael Batnick** (2:56)
Of course.

**Josh Brown** (2:57)
Okay.

**Michael Batnick** (2:58)
It's not my first or second rodeo.
A tradable low to me represents a washout of sellers, an exhaustion of sellers, if you will. No more. Anybody that wanted to sell the stock has already sold the stock. And usually, not always, but usually, I prefer a tradable low to be a long process, not necessarily an event. I like a low, I like a balance and a retest that happens five to six weeks later. And from there, you get your tradable low. That's my, that's how I like it.

**Josh Brown** (3:29)
But it's not right. And it's not the same thing as like the low. It's not always. A tradable low is not always the final low.

**Michael Batnick** (3:37)
No.

**Josh Brown** (3:37)
Sometimes, you don't know this until time passes, right? But it could be a low on the way to a lower low, but a tradable low.

**Michael Batnick** (3:44)
Well, those are all sorts of tradeable lows. There's one that I just described. There's the puke, right? Where you get like a 14% drop in two days on extreme volume, or a 26% drop over four days on extreme volume. And those you could trade for a 50% bounce before it eventually rolls. And then I like to trade that tradeable low. Those are all sorts.

**Josh Brown** (4:02)
I agree.

**Michael Batnick** (4:03)
All shapes and sizes.

**Josh Brown** (4:04)
I wanted to show you specifically some tradeable lows. Let me give you a definition.
I guess this would be a technician's definition of a tradeable low. A price low that marks a genu… I think you were saying this. Marks a genuine shift in short-term supply and demand, evidenced by a reversal in price action, and ideally confirmed by other signals rather than just a random dip within a larger downtrend. So these are some of the things technicians would look for. And then we're going to look at some actual charts. Price structure.