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/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. You'll find archived shows on our Facebook page! Don't forget to sign up for notifications at the end of this blog entry by filling in your email address.
What Happened Today?
Interview with Martin Pring: As with our previous guest segments, we direct you to the Webinars tab to watch Martin's segment. You'll also find the archived shows on our Facebook page: MarketWatchers LIVE. Martin gave us his take on the "FANG" stocks (Facebook, Amazon, Netflix and Google) using his KST (Know Sure Thing) Indicator. Members should go to Martin's blog "Martin Pring's Market Roundup" to find his chart set-ups and thoughts on the market.
Ten in Ten Before One: With Martin joining us today, we had to forego the 10 in 10 segment. Rest assured we will be back with the 10 in 10 on Friday. We will be looking at Occidental Petroleum (OXY) as our first stock in the 10 in 10. Go look at the chart and then compare your notes with Tom's!
Mailbag Segment: Each show Erin and Tom answer questions received via Twitter, Facebook and Email. After Erin's PMO Workshop on Monday, many had questions about where to find her PMO scans. Erin discussed ways to find her DecisionPoint blog entries that focus on PMO scanning, but here are links to her bull market scan and her bear market scan. Tom reviewed seasonality and both finished with their view that the market will likely continue lower and test 2500 for the SPX.
Looking Forward:
Tune in on Friday at 12:00p - 1:30p EST on 10/27 for a review of sentiment polls and numbers and see how everyone did on calling market action for this week. Since we missed the 10 in 10 today, we may have Tom and Erin split duty and do a 20 in 20. Your comments and suggestions are always welcome!
