MarketWatchers LIVE

8/21 MarketWatchers LIVE Recap - Monday Setups - Commodities with Greg - Earnings Spotlight

Erin Swenlin

Erin Swenlin

Co-Founder, DecisionPoint.com

 

Welcome to the recap of Monday'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.

Information abounds in our Monday/Wednesday/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. 

Your comments, questions and suggestions are welcome. Our Twitter handle is @MktWatchersLIVE and/or #mktwatchers, email is marketwatchers@stockcharts.com and our Facebook page is up and running so "like" it at MarketWatchers LIVE. Don't forget to sign up for notifications at the end of this blog entry by filling in your email address. 


What Happened Today?

Erin Wood will return on Wednesday, August 23rd! Flight delays among other things had her arriving in the wee hours of Monday from her honeymoon so we decided to give her a break.

Monday Set-Ups:

Every Monday, Tom and Erin look at which charts are shaping up as "ones to watch" for the week. Today's Set-Ups included for Greg FCX, NEM and APA. His official pick is FCX. Tom had quite a few and you'll find all of them in his Trading Places ChartList. He included ILMN, HRB, OLED, IRBT, NOK, DECK, G and SHOO with his top pick being ILMN.

 

Commodities Update with Greg Schnell: With Greg filling in for Erin, MarketWatchers took advantage to get his thoughts on commodities right now. You'll find his write-ups and webinars in his Commodities Countdown blog. In particular, he discussed how Gold and GLD were approaching important overhead resistance at $1300 and $124 respectively. $SILVER weekly chart shows important resistance at the $18 level, with a breakout above this level being very bullish. He also discussed the Copper in COPX which has a very nice SCTR lining up.

 

Ten in Ten Before One: In this regular segment, Tom reviews ten charts in ten minutes with Erin's comments and comments from the "peanut gallery" peppered in there. Send in your symbol requests via Twitter (@mktwatcherslive) before the show or in the chat room during the live show and we'll try and add them. You'll find all of the charts in the MarketWatchers LIVE ChartList, located at the top of the MarketWatchers blog homepage.

 

Earnings Spotlight: On Monday Tom reviews a chart or two of interest based on earnings reports for the day. Today he looked at CSIQ in particular given that the Renewable Energy space is doing well and a downgrade in that group could offer opportunity. CSIQ was recently downgraded and it didn't hit bottom line expectations (.15 v. .16).

 

New Alert Center: Greg took time to show everyone how the new Alert Center works when added to the member homepage. Remember you need to go to your member homepage settings and be sure to click to include the Alert Center in your member dashboard. For more information on how to set-up alerts, check out the member help page or this article.

 

Mailbag Segment: Each show Erin and Tom answer questions received via Twitter, Facebook and Email. A common question arrived about how to find Industry Groups that are outperforming the SPX. In the "Control Center" panel on your dashboard you can reach this information one of three ways. First is clicking on the "Industry Summary" and set the timeframe for "1 month". Basically anything in "green" has outperformed the SPX. The second way is to click on the RRG Charts and choose your "group" to be "industry". Finally, you can click on the Sector Summary and click on the sector you're interested in which will bring up all of the industry groups within that sector.

 

It's a Wrap! In closing Tom reminded viewers that Erin would be back in the saddle for Wednesday's show and to be careful when watching the eclipse!

 

Looking Forward:

Tune in on Wednesday at 12:00p - 1:30p EST on 8/23. Tom and Erin will be answering more mailbag questions, doing another Ten in Ten segment as well as regular market updates and indicator reviews! 

 

 

 

Erin Swenlin
About the author: is a co-founder of the DecisionPoint.com website along with her father, Carl Swenlin. She launched the DecisionPoint daily blog in 2009 alongside Carl and now serves as a consulting technical analyst and blog contributor at StockCharts.com. Erin is an active Member of the CMT Association. She holds a Master's degree in Information Resource Management from the Air Force Institute of Technology as well as a Bachelor's degree in Mathematics from the University of Southern California. Learn More