Henry Ford's MarketWatch LIVE!

4:24 PM
ANY LIGHT IN THIS MESS?

About the best that can be said about today's action is that we managed to stay within the declining channel.

Overall, it goes without saying that by any measure we are vastly oversold ...High Put/Call ratios abound and the VIX spiked over 33 and settled just over 31. Sentiment indicators are all bullish. RSI and MACD indicators remain in the basement(bullish)....
So..we'll go back to the drawing board this weekend and see where next support would be, but with 17 down trading days this month, there WILL be an explosive rally at some point.

:: Henry Ford ::

12:52 PM
NEXT SUPPORT ON SPU 988.20
:: Henry Ford ::

12:17 PM
ROUGH DAY

About the best that can be said is that we have managed to stay inside of the channel.
Not saying much...need to get SPU back above 1006, but 1000 first before anything positive can happen here.

:: Henry Ford ::

10:10 AM
MARKET LEADERS
AES DOW: LUV WMB EIX SO REI INTC XOMT AMR C
NAZ: ADCT AMCC VTSS SANM BRCM JDSU CYTC

Note: These are based on performance SINCE the open ...not last nights close...Unless you have a friendly broker who will let you do retroactive trades.
:: Henry Ford ::

10:00 AM
SP500 SUPPORT HIT
We went right down to the next SP500 futures support point at 996 I spoke of last night and so far have held with a bounce back to the 1001 level. Will be happier when we can get back above 1006 which was previous support.
78% of DOW stocks positive on the day at this point while we are holding at 70% with NAZ and 88% of OEX
:: Henry Ford ::

9:42 AM
SO MUCH FOR A FLAT OPENING
Market isn't as weak as it looks right now tho...68% of NAZ stocks are positive on the open and 75% of DOW stocks. We will see how fast we can get this gap closed and take it from there.
:: Henry Ford ::

9:21 AM
FLAT OPENING

No economic reports to move the market around this morning, so day will be governed by expirations and intraday news.
:: Henry Ford ::

Disclaimer