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'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 firstname.lastname@example.org 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.
** UPCOMING SCHEDULE **
12/26 - 12/29: No MarketWatchers LIVE Broadcast - "Best of MarketWatchers LIVE" Programming
1/2 - MarketWatchers LIVE Returns for 2018!
What Happened Today?
"Year-End Stock Review & Expectations": Since today was the final MarketWatchers LIVE for 2017, Tom and Erin took a look at what happened during the year as far as sectors, major indexes and gave their thoughts on 2018. Below are a few of the charts they showed. You'll find all of Erin's in the DecisionPoint ChartList including the two below. She shared her thoughts on the future of the Dow in 2018 and where she thinks the Dow will finish. Her "forecast" is Dow 25,500 at end of 1st quarter, Dow at 26,800 end of 2nd quarter and a finish on the year at 26,800. Typically she doesn't share "numbers" but since she provided it to Timer Digest, she decided it was a good idea, after all it is in print now!
Tom looked at about 17 industry groups. Below are few of his charts:
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 (email@example.com). You'll find all of the charts in the MarketWatchers LIVE ChartList, located at the top of the MarketWatchers blog homepage.
Sentiment Update: Erin discussed her favorite sentiment charts: 10-DMA of Put/Call Ratios, AAII, NAAIM and Rydex Ratio. Below is a summary of her charts and thoughts:
Tune in on Monday at 12:00p - 1:30p EST on 1/2 for "Tuesday" Set-Ups. In the meantime, go check out the video archives and tune in 12:00p - 1:30p EST 12/26 to 12/29 for the "Best of MarketWatchers LIVE"
Helpful MarketWatchers LIVE Links: