Welcome to our recap of Monday's MarketWatchers LIVE show. Information abounds in our Monday/Wednesday/Friday 12:00p - 1:30p shows, but we will try to incorporate a few charts that you found the most interesting during the show (or that we found most interesting!). This is still a work in progress so this blog will take shape as we go along. Your comments and suggestions are welcome. Our Twitter handle is @MktWatchersLIVE, Email is marketwatchers@stockcharts.com and our Facebook page is up and running so "like" it at MarketWatchers LIVE.
What Happened Today?
Monday Set-Ups:
Every Monday, Tom and Erin look at which charts are shaping up as "ones to watch" for the week. Today's charts included FCE/A, GOLD, KIO, PSA, among others.
The StockCharts Outlook Webinar
Tom discussed of the most important charts from the webinar on Sunday 4/9. To watch the archive, click here.
DecisionPoint Market Update: In this segment Erin reviews the latest DecisionPoint indicators, DP Scoreboard Summary, and the Big Four - Dollar, Gold, Oil and Bonds. We ran out of time to review the "Big Four" so look for Erin's review of these charts in the DecisionPoint Blog on Tuesday 4/11.
Ten in Ten: Tom looked at RTN, BBY, VEEV, AVGO, MCHP, OLLI, MEI, LYV, NUAN, BAH. We had some extra time and looked at some viewer requests: WMD, RAD and URA. Uranium (URA) turned out to be a great looking chart. Erin wrote about it in the DecisionPoint blog Monday night.
Mailbag Segment: In this regular segment, Erin and Tom answer questions received via Twitter, Facebook and Email. Today, Tom talked about using earnings reports for trades (gist: Not a good idea to hold a stock before earnings announcements in general). Erin and Tom talked about Head and Shoulders patterns. Finally, Erin discussed using PMO signals on daily, weekly and monthly charts.
It's a Wrap! In closing Erin discussed the Twitter viewer poll from Friday. The majority of viewers felt the market would rally today and they appeared to be right. Look for our Twitter polls at @mktwatcherslive.
Looking Forward:
Tune in on Wednesday at 12:00p - 1:30p EST on 4/12. Erin will announce the results of the latest Twitter poll. Tom and Erin will be answering more mailbag questions, doing another Ten in Ten segment as well as a DecisionPoint Market Update!
