Welcome to the recap of today's MarketWatchers LIVE show, your antidote for the CNBC/FBN lunchtime talking heads. Listen and watch a show devoted to technical analysis of the stock market with live market updates and symbols that are hot. The show runs throughout the day on StockCharts TV or you can find the latest episode on the YouTube StockCharts channel here.
Information abounds in our Monday through Friday 12:00p - 1:30p shows, but the MWL Blog will give you summary slides and time stamps for viewing later. Be sure and check out the MarketWatchers LIVE ChartList for the 10 in 10 charts.
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What Happened Today?
Intraday Wyckoff Trading (0:15:20):
Sound Off (0:42:18):
Ten in Ten Before One (0:53:33):
In this regular segment, Tom attempts to review ten charts in ten minutes. Send in your symbol requests via Twitter (@mktwatcherslive) before the show or using the live chat box during the LIVE program and we'll try and add them. We'll also check our email for symbol requests before the show (email@example.com). You'll find all of the charts in the MarketWatchers LIVE ChartList, located at the top of the MarketWatchers blog homepage.
Technical Scans (1:09:29):
Here's the PMO/Trend Model scan that Erin presented today:
// Narrows down the universe to US stocks with decent volume and a close above $10
[type = stock] AND [Daily SMA(20,Daily Volume) > 50000]
AND [country is US]
AND [Close > 10]
// This identifies a PMO that hasn't yet had a positive crossover its signal line
AND[today's PMO Line(35,20,10)<today's PMO Signal(35,20,10)]
AND [today's PMO Line(35,20,10) > yesterday's PMO Line(35,20,10)]
AND [yesterday's PMO Line(35,20,10) > 2 days ago PMO Line(35,20,10)]
AND [2 days ago PMO Line(35,20,10) > 3 days ago PMO Line(35,20,10)]
// Stock is in a "bull" market - 50-EMA higher than 200-EMA
AND [today's ema(50,close) > today's ema(200,close)]
// Stock just had a 5-EMA positive crossover 20-EMA - Short-Term bullish
AND [today's ema(5,close) X today's ema(20,close)]
Tune in on Friday at 12:00p - 1:30p EST for the DecisionPoint Sentiment Update and the popular 10n10!
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