Welcome to the recap of today's MarketWatchers LIVE show, your antidote for the CNBC/FBN lunchtime talking heads. Our show is devoted to technical analysis of the stock market with live market updates and analysis of hot symbols. The show runs throughout the day on StockCharts TV; you can also find the latest episodes 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?
"Get Shorty" by Bill Shelby (0:22:38):
Bill's Shorting Scan:
[type is stock]
and [sma(20,volume) > 200000]
and [close > 10]
and [country is us]
and [group is not ETF]
// Wycoff wash out
#and [today's low < yesterday's daily min(260,low)]
#and [volume > 1.5 * sma(50,volume)]
#and [close < open]
// Relatively awful
#and [PctRelative(20,$spx) < 0]
#and [PctRelative(20,$SECTOR) < 0]
#and [PctRelative(20,$INDUSTRY) < 0]
// 0 for 7, it's just a slump
#and [Streak Down(close) > 7]
// going down?
#and [Count Down(20, close) > 14]
// Bollinger Breakdown
#and [close x Lower BB(20,2) ]
// Percentage Peril
#and [PctChange(10,close) <-10]
Ten in Ten Before One (0:59:26):
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. We'll also check our email for symbol requests before the show (firstname.lastname@example.org). You'll find all of these charts in the MarketWatchers LIVE ChartList, located at the top of the MarketWatchers blog homepage.
Under the Radar (1:16:15):
Tune in on Friday at 12:00p-1:30p EST for What's Hot, What's Not with Mary Ellen McGonagle.
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