Welcome to the recap of today's MarketWatchers LIVE show, your antidote for the CNBC/FBN lunchtime talking heads.
Here is a link to today's show.
Our show is devoted to technical analysis of the stock market with live market updates and analysis of hot symbols. The show runs throughout the day on StockCharts TV; you can also find the latest episodes on the YouTube StockCharts channel here.
Information abounds in our Monday-through-Friday 12:00p - 1:30p shows, but the MWL Blog will give you summary slides and time stamps for viewing later. Be sure and check out the MarketWatchers LIVE ChartList for the 10 in 10 charts.
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What Happened Today?
Technical News:
As the Economy Turns with Bruce Fraser (0:22:47):
Ten in Ten Before One (1:01:13):
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. We'll also check our email for symbol requests before the show (marketwatchers@stockcharts.com). You'll find all of these charts in the MarketWatchers LIVE ChartList, located at the top of the MarketWatchers blog homepage.
Technical Scans (1:16:20):
Here are the scan codes that Erin presented today:
// Narrows down the universe to stocks with decent volume and from the US
[type = stock] AND [Daily SMA(20,Daily Volume) > 100000]
AND [country is US]
// Keeps the penny stocks and high volatility stocks out of your results
AND [Close > 10]
// This identifies a PMO that hasn't yet had a positive crossover its signal line
AND[today's PMO Line(35,20,10) < today's PMO Signal(35,20,10)]
// This identifies a PMO rising for three days
AND [today's PMO Line(35,20,10) > yesterday's PMO Line(35,20,10)]
AND [yesterday's PMO Line(35,20,10) > 2 days ago PMO Line(35,20,10)]
AND [2 days ago PMO Line(35,20,10) > 3 days ago PMO Line(35,20,10)]
//This ensures we get a positive IT and LT Trend Model configuration
AND [today's ema(20,close) > today's ema(50,close)]
AND [today's ema(50,close) > today's ema(200,close)]
//This identifies stocks with SCTRs greater than 75 or in the "hot zone"
AND [SCTR > 75]
Bullish EMA/PMO with Mid-Range SCTR:
[type = stock] AND [Daily SMA(20,Daily Volume) > 300000]
AND [country is US]
// Keeps the penny stocks and high volatility stocks out of your results
AND [Close > 10]
AND [today's PMO Line(35,20,10) > yesterday's PMO Line(35,20,10)]
AND [yesterday's PMO Line(35,20,10) > 2 days ago PMO Line(35,20,10)]
AND [2 days ago PMO Line(35,20,10) > 3 days ago PMO Line(35,20,10)]
AND [today's ema(20,close) > today's ema(50,close)]
AND [today's ema(50,close) > today's ema(200,close)]
AND [SCTR < 80]
AND [SCTR > 70]
Looking Forward:
Tune in on Friday at 12:00p-1:30p EST for Mary Ellen McGonagle with What's Hot, What's Not.
Helpful MarketWatchers LIVE Links:
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Tom's Price Relative Chart (Save this ChartStyle to apply it to your charts anytime!)
PMO -Price Momentum Oscillator