Welcome to the recap of Wednesday's MarketWatchers LIVE show, your antidote for the CNBC 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.
Information abounds in our Monday/Wednesday/Friday 12:00p - 1:30p shows, but we will give you a quick recap. Be sure and check out the MarketWatchers LIVE ChartList for many of today's charts. Your comments, questions 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?
Industry to Watch - Home Builders: Tom looked at the Home Builders industry group as well as a few of the home builder stocks. Below you'll find Toll Brothers (TOL). Tom pointed out a bullish MACD confirmation as well as support/resistance.
What Would You Do? This was a new segment for the MarketWatchers LIVE show, but Tom has done this before in his webinars. Today we looked a Bank of America (BAC). Erin followed the comments and found that the audience was split between buying or selling. The majority ultimately agreed on buying when price breaks out above $23.90 or to stop out at $22. Additionally, a few pointed out what they believe to be a bearish head and shoulders. What do you think? Tweet your comments using the hashtag #mktwatchers to see what others think.
Ten in Ten Before One: In this regular segment, Tom reviews ten charts in ten minutes with Erin's comments and comments from the Twitter "peanut gallery" peppered in there. Send in your symbol requests via Twitter (@mktwatcherslive) before the show and we'll try and add them. If we missed them this show, we have many of them in the queue for Friday. Charts covered: NVDA, ALXN, GE, INTU, HAS, XRX, PKI.TO, JNUG, VEEV, SIRI The complete list of charts are available to view in the MarketWatchers shared ChartList. The link is at the top of the blog or you can click here.
Mailbag Segment: Each show Erin and Tom answer questions received via Twitter, Facebook and Email. Tom showed us how the check mark boxes work on the charting workbench. That's where you can click to get the "thumbnail" added to the edge of your chart. Additionally, check the box "full quote" and you'll get everything from EPS to SCTR value. At the bottom of your charting workbench, you'll find a link called "Gallery View". This will give you not only the full quote, but an intraday, daily, weekly and P&F chart on one page! To customize your gallery views, simply save your ChartStyle with one of the following names "GalleryIntraday" "GalleryDaily" "GalleryWeekly". Similarly, you can customize your CandleGlance charts by saving your preferred ChartStyle as "CandleGlance". Give it try!
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Looking Forward:
Tune in on Friday at 12:00p - 1:30p EST on 05/26 for our viewer-centric program. We will focus on YOU, your questions, comments, symbol requests, etc.
**THERE WILL NOT BE A SHOW ON MONDAY IN OBSERVANCE OF MEMORIAL DAY**
