MarketWatchers LIVE

10/16 MarketWatchers LIVE Recap - Monday Set-Ups - Trading Gaps Workshop

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. Watch the latest episode here!

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. 

** SPECIAL ANNOUNCEMENT ** Julian de Kempenaer will be joining the show this Wednesday! 


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, but to start, they reviewed last week's Monday Set-Ups "picks", QRVO for Erin and PII for Tom. It was an up and down week for both stocks, but they both finished slightly lower with QRVO down 0.12% and PII down 0.80%. Today's Set-Ups were ADM starting at $43.56 and GES starting at $15.74.

 

Trading Gaps Workshop: Tom gave an excellent workshop on how to trade gaps. We highly recommend you go to the recording before it's gone and check it out. Don't fret, the workshop was recorded but will not be available for another couple of weeks. The charts below are in the MarketWatchers LIVE ChartList and will remain there for a few more weeks as well. Here are the charts that he presented:

 

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. Symbols reviewed today: ADBE, BB, CAT, VALE, GILD, HD, HUM, IMMU, EDU and AMTD.  You'll find all of the charts in the MarketWatchers LIVE ChartList, located at the top of the MarketWatchers blog homepage.

 

DecisionPoint Report: On Monday Erin analyzes DP indicators to give us a heads up on the market conditions as we start the week. She also reviewed the "big four": Dollar, Oil, Gold & Bonds. Don't miss the DecisionPoint Weekly Wrap by Carl Swenlin on Saturday morning to get the scoop on market action the prior week and find out what the indicators are suggesting for the future. Erin's overall 'take' from the short-term and intermediate-term indicators below, that there will likely be consolidation or a pullback in the longer-term, but based on short-term indicators being back in oversold territory, the short-term picture is still bullish.

 

It's a Wrap! In closing Tom and Erin revealed their thoughts on where the market might be heading before the next show. Both remain bullish on the week. Earnings are coming in positive and this should keep the market from correcting.

 

Looking Forward:

Tune in on Wednesday at 12:00p - 1:30p EST on 10/18. Julian de Kempenaer will be joining Erin and Tom on Wednesday to discuss Relative Rotation Graphs (RRGs) and his take on the market right now. Don't miss it!

 

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