Henry Ford's MarketWatch LIVE!

3:30 PM
SELLOFF INTO END OF DAY
Shorts are going to try to push DOW under 9500 close, NASDAQ under 1500 and SP500 futures down to 1000.
:: Henry Ford ::

2:29 PM
HOURLY MODEL GETTING OVERBOUGHT
:: Henry Ford ::

11:54 AM
Looks like we have made higher low/higher high on NAZ. SPU getting close...DOW lagging
:: Henry Ford ::

10:24 AM
COULD BE A TURN HERE
Looks like on 5 minute charts that all indices set bottoms about 5 minutes ago. Could be a slow tortuous recovery.
IMCL rose to 15.4% off of the open, a few more percentage points than we thought, but 12% in the first 45 minutes aint bad.

:: Henry Ford ::

9:55 AM
STOCKS TO WATCH
Watch LNCR today. It is coming off a daily bullish flag formation with an hourly bullish flag pullback supporting.
IMCL is already up 8% from the time we spotted it at 8:40. With weakness in market don't be afraid to take the money and run if it gets above 10-12% in the next 30 minutes.
:: Henry Ford ::

9:50 AM
SHORT TERM WEAKNESS LIKELY
Think DOW could tumble as much as 100 points before beginning reversal in the 10:10 to 10:35 timeframe.
:: Henry Ford ::

9:42 AM
SECTORS AND INDUSTRIES ON THE MOVE
aT 9:40EST 50% of Sectors are up from the open with Conglomerates,Transportation and Healthcare leading.
Airlines and transports are leading the DOW stocks in early gains with US Airways up 10% from the opening price. Indices are beginning to recover from early levels, but by the looks of things, we will probably make a Fibonacci retracement of yesterday's low to high excursion. This would be a normal pullback to absorb some of the late day buying and give buyers one more bite of the apple.
Watch the beaten down Biotechs to stage a little rally here in the very short term, with a bounce due for IMCL after yesterday's disaster du-jour. Many times you can turn a quick profit in the early going when news driven events.
:: Henry Ford ::

9:22 AM
PREMARKET
Markets are set to open lower but should begin to rebound after first 30 minutes or so. A bump in jobless claims was the excuse that will be used.
Look for prices to jaggedly work higher today with heavy resistance at 1050 SP futures. This is the number that should get the Bears to go into panic short covering mode. TYC looks like it will be the most heavily traded issue on NYSE after upgrades from JPM and MER and CIT news.
We expect to see the DOW off perhaps 45-50 points in the early going with the SPM2 dropping perhaps 5 points. This should provide a good springboard for a bounce in the 9:50 to 10:10 timeframe. SP Futures will roll into September contracts this morning.
:: Henry Ford ::

3:55 AM
YESTERDAY'S MARKET ACTION
We were looking 1:50 EST on Wednesday as probable time frame for market turn and opined this might be time to get long from the long, long decline which the big boys have been setting up for option's expiration next Friday. All indications are that they jave been accumulating throughout the last two weeks in anticipation of this move.....
Hourly RSI models looked great here for a cycle low to take hold and WE GOT THE TURN! Now we need to see if we can keep the bears from selling into the rally Thursday Morning as they have so successfully done these last two weeks. The key will be whether we can get the SP500 over the 1050 level and stick. That will give us a higher-low/higher-high setup that should get the shorts covering like mad.if we can do that, we should be on our way to a payday for the "Big Boyz" and us "Lil' Guys" by expirations next week.

:: Henry Ford ::

3:48 AM
KEY TIMES DURING THE MARKET DAY FOR TRADERS
As you will see, there are key times that we look for during the trading day as being pivotal. Most days, the action centers around those times. Other times of the day are more suitable for a trip to the gas station or lawn bowling; Here are the pivot times we look at for signs of life: (All times are EST)
9:30-9:50...Approx first 20 minutes of trading day. Time when beginning traders lose money on whipsaws and experienced ones capture quick profits. Avoid if you are the former.
9:50-10:10..Oftimes a period of reversal for early morning trades. Market begins to settle into reality as early morning traders take their profits and swing traders look for opportunities.
10:10 to 10:25...usually a continuation of whatever trend was set up in last period.
10:25-10:35 ...A decision point for traders. Many times a turning point reversal or accelerated continuation of previous setup.
11:15-2:00...go bowling...this is the "dangerous time of day" . Traders lunch out and scalpers try to push the indices around to make a quarter here or there.
2:00-2:30...market usually begins to pick up steam:
2:30-3:00...called the 3:00 bubble, even on weak days can show strength into the next pivot point
3:05..if last period was just a bubble, will begin to break here, Otherwise can be a good pivot point.
3:25-3:35...for trending days, this is the time when trends tend to play out
3:40-3:45...can see reversals or acceleration into the close. Reason is that all floor traders have their MOC orders in and everyone has a pretty good idea where the closing range will be.
:: Henry Ford ::

3:44 AM
GOOD MORNING This is the first morning of operation for this new service, only available to Pitbull Investor Rountable members.We hope that we can provide some insight into intra-day and short term trends for the markets and specifically identify short term trades as we see them. There will not be regular updates, but instead comments when we see something shaping up for a change or targets of opportunity.

:: Henry Ford ::

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