MarketWatchers LIVE

10/13 MarketWatchers LIVE Recap - Upgrades/Downgrades - Earnings Spotlight - Sentiment

Erin Swenlin

Erin Swenlin

Co-Founder, DecisionPoint.com

 

Welcome to the recap of Friday'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 can now watch the latest episode under the "Webinars" tab!

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. Remember! 

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?

 

Talking Technically: On Friday Tom and Erin focus on interesting economic news, upgrades/downgrades, earnings, etc. Today Tom reviewed the 10-yr Treasury Yield ($TNX) and talked about the new University of Michigan consumer sentiment index which climbed to a 13-year high of 101.1 in October from 95.1 in September. Additionally, retail sales in the U.S. leapt to 1.6% in September—the largest increase in 2½ years. Upgrades reviewed today: NFLX, GM, ASML, SBGL and MCRB. Downgrades reviewed today: AGCO, HPE, CDW, F.

 

EarningsBeats.com - John Hopkins: GTN (Gray Television) was the earnings spotlight. He and Tom like the pullback toward support. He also reviewed last week's spotlight on ZUMZ.

 

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: CPG.TO, OHI, VNM, APC, DPZ, NVCR, SGMS, WPRT, RNR and VBR.  You'll find all of the charts in the MarketWatchers LIVE ChartList, located at the top of the MarketWatchers blog homepage.

 

Sentiment Update: Erin highlighted the Put/Call ratio chart that she wrote about on Thursday. To read a detailed analysis click here. She also reviewed the AAII and NAAIM sentiment charts which are all leaning bullish, but not bullish enough to start looking for a reversal of the bull market.

 

It's a Wrap! In closing Erin discussed the Twitter viewer poll from Monday to see if viewers (and Tom and Erin) were correct in the market close for the week. The majority of viewers felt the market would finish lower for the week. With the SPX closing up 0.15% (mostly unchanged) for the week, it appears Erin was correct and Tom was only a little off by going with the bulls. Look for our weekly sentiment polls at @mktwatcherslive on Twitter. This week, Tom and Erin are in agreement that the market will close higher next week. What do you think? Our viewer poll will be open on Twitter until showtime on Monday at noon EST.

 

Looking Forward:

Tune in on Monday at 12:00p - 1:30p EST on 10/16 for Monday Set-Ups. Tom and Erin will discuss which charts look hot or not for the upcoming week.

The regular segments, Ten in Ten to One and Mailbag are also on tap for Monday, where we look at your recent questions and symbol requests.

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