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?
Technical Scans (0:20:00):
Erin's scan from today (note that a few of the lines have been commented out with "//"):
[type = stock] AND [Daily SMA(20,Daily Volume) > 40000] AND [Yesterday's Daily Parabolic SAR(0.02,0.2) > Yesterday's Daily Close] AND [Daily Parabolic SAR(0.02,0.2) < Daily Close]
// Narrows down the universe to stocks with decent volume and from the US
AND [type = stock] AND [Daily SMA(20,Daily Volume) > 100000]
AND [country is US]
// Keeps the penny stocks and high volatility stocks out of your results
AND [Close > 10]
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)]
Turning Point (0:37:07):
Segment where Erin and Tom look for critical junctures on a chart from a technical perspective. It could be a "turning point" on an hourly, daily or weekly chart.
Ten in Ten Before One (0:50:53):
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 (firstname.lastname@example.org). You'll find all of the charts in the MarketWatchers LIVE ChartList, located at the top of the MarketWatchers blog homepage.
Sentiment Update (1:09:33):
Tune in on Monday at 12:00p - 1:30p EST for Monday Set-Ups and the popular 10n10!
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