Welcome to the recap of Wednesday'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. You'll find the latest episode here.
Information abounds in our Monday through Friday 12:00p - 1:30p shows, but the MWL Blog will give you a quick recap. Be sure and check out the MarketWatchers LIVE ChartList for many of today's charts.
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What Happened Today?
Guest - Tom McClellan (0:16:35): Tom shared the history and make-up of the McClellan Oscillators and then pointed out how he uses the Commitment of Traders and EuroDollar to find market pivot points. He currently is looking for a market downturn in March/April based on this analysis.
Ten in Ten Before One (0:56:10): 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.
Bear Market Analysis (1:14:00): Tom and Erin are asked often how do we tell when a new bear market or correction is upon us? Today, Tom and Erin went over the indicators that alert them to major pivots in the market.
Tune in on Friday at 12:00p - 1:30p EST on 1/18 for special guest, Greg Schnell! He'll be reviewing his Point and Figure (PnF) charts and give you the latest analysis of today's market!
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