MarketWatchers LIVE

12/20 MarketWatchers Recap - Greg Schnell on P&F Charts - Is GDX a Buy?



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 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 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. 


Friday (12/22) - Year in Review with Tom and Erin

12/26 - 12/29 - MWL on hiatus - "Best of MarketWatchers" segments - Schedule is here.


What Happened Today?

Greg Schnell P&F Chart Review (00:15:38): It is always a pleasure to have Greg on the show and today was no exception. He took us 'around the world' looking at P&F charts for various international ETFs in their currencies. Here a few highlights:

Agree or Disagree? (00:37:55): In this segment we ask the audience whether they agree or disagree with a statement. Today's statement "It is a good time to buy GDX (Gold Miners)". Today we had a very lively discussion with Greg regarding GDX and Gold. It was certainly fun listening to all defending their positions. Here's the summary:

Ten in Ten Before One (00:55:00): 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 ( You'll find all of the charts in the MarketWatchers LIVE ChartList, located at the top of the MarketWatchers blog homepage.

Correlation of $TNX to $SPX (01:15:03): Tom did an excellent presentation on using correlation with a prime example being "$TNX:$SPX".

Looking Forward:

Tune in on Thursday at 12:00p - 1:30p EST on 12/21 for Anatomy of a Trade and more of your requests in the 10 in 10!

Helpful MarketWatchers LIVE Links:

Facebook - MarketWatchers LIVE Page

YouTube Channel for StockCharts

Erin's PMO Scan

Tom's Trading Places Blog

DecisionPoint Blog


PMO -Price Momentum Oscillator

RSI - Relative Strength Index

OBV - On Balance Volume



Erin Swenlin
About the author: helped create and manage the website alongside her father, Carl Swenlin. Together, Erin and Carl launched the DecisionPoint daily blog in 2009. She hosts the MarketWatchers LIVE web show at, and is also a Member of the CMT Association. Learn More
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