Welcome to the recap of Thursday'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 through 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, email is marketwatchers@stockcharts.com and our Facebook page is up and running so "like" it at MarketWatchers LIVE. You'll also find archives of our shows on our Facebook page and YouTube channel. Don't forget to sign up for notifications at the end of this blog entry by filling in your email address.
What Happened Today?
(0:21:09) - Greg Schnell's Point and Figure Review: Greg joined us today to review his PnF charts for the various indexes and sectors that he is focusing on. Here are a few of his charts:
(0:48:08) - Momentum Sleepers: Tom and Erin took a look at what they consider momentum sleepers. Erin used the following scan to find prospects that have just had 5/20-EMA positive crossovers with the 20-EMA > 50-EMA. While her scan turned up about 23 potentials, she weeded it down to five. Tom looks at stocks that he sees as in a basing pattern or within a sector/industry group that is turning around or showing strength.
[type = stock] AND [Daily SMA(20,Daily Volume) > 100000]
AND [country is US]AND [today's ema(5,close) > today's ema(20,close)]
AND [yesterday's ema(5,close) < yesterday's ema(20,close)]
AND [today's ema(20,close) > today's ema(50,close)]
(0:51:42) - Ten in Ten Before One: 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 and we'll try and add them. We'll also check our email for symbol requests before the show (marketwatchers@stockcharts.com). You'll find all of the charts in the MarketWatchers LIVE ChartList, located at the top of the MarketWatchers blog homepage.
(1:13:26) - Anatomy of a Trade: In this regular segment, Tom and Erin pick recent trades or paper trades to explain how they got in the investment, how they placed stops or what they were looking for as the trade progressed. Below is Erin's chart, for Tom's charts, you'll need to watch the broadcast.
Looking Forward:
Tune in on Friday at 12:00p - 1:30p EST on 1/19 for Erin's workshop on DecisionPoint Market Indicators as well as this week's sentiment review.
Helpful MarketWatchers LIVE Links:
Facebook - MarketWatchers LIVE Page
YouTube Channel for StockCharts
PMO -Price Momentum Oscillator
