Henry Ford's MarketWatch LIVE!

3:25 PM
NOT MUCH TO DO HERE

We just have to wait out the indicators...
DOW is still above the 50% normal retracement with 32 12Hour RSI
SP500 Futures came down and touched and bounced off bringing the 12Hour down to 20
QQQ underwater, but RSI 12Hourly is down under 10, so it may well be the first to turn...it WAS the first to fail.
(Just as I published this all the indices began a selloff...we will see how far this can push the indicators and update the charts at the end of the day.)
:: Henry Ford ::

2:29 PM
SIDEWAYS
Just working sideways and moving RSI's down SO FAR

:: Henry Ford ::

1:19 PM
RSI'S DROPPING NICELY

DOW down to 40 and price just above 32% retracement
SPU2 down to 34 and price bouncing between 32 & 50% retracement
QQQ (proxy for the NDX) bouncing off of the 68% retracement and RSI down to 25
NAZ has been weakest of the indices since the open.
:: Henry Ford ::

12:10 PM
HERE'S THE DOW...

:: Henry Ford ::

12:01 PM
STILL WEAKER...
Here's the SPU going for the 32% Fib retracement this hour. Notice the 12HR RSI dropping nicely. To get it into oversold territory we must either see lower prices or an extended sideways consolidation which takes time. Looking at reaching bottoming levels late today or early tomorrow morning.

:: Henry Ford ::

10:11 AM
EXPECT SOME WEAKNESS
I expect that we will see a pullback to the 32% Fibonacci at 982 or the 50% level at 976 for the SPU which will allow the 12Hour RSI and MACD to move down into more neutral territory before we can rally much higher. This could see the DOW down to 9200 or 9155 to build a base.
QQQ hit its 32% number and probably will go down to 50% at 25.50. No positive sectors now and down to 15 pos Industries. Only 36 pos NAZ stocks and 10 of DOW 30
:: Henry Ford ::

9:58 AM
TRENDLINES HOLDING-BUT EARLY YET

NDX is the laggard here
:: Henry Ford ::

9:46 AM
WEAK OPENING...

Here is first shot of Industries/ NAZ and DOW as in indication of action in the first 10 minutes.

:: Henry Ford ::

9:33 AM
TRADE CLOCK

By popular request here is the trade clock once again for a general idea of where we normally see volatility throughout the day.

Restating the obvious Red zones are times for the amateurs to stay away, yellows are usually flux/change opportunities and green are usually continuations of current trends. First half hour is call "dumb money" when wannabees try to jump on a moving train ....last half is called "smart money" when traders set up their positions for the next morning.
:: Henry Ford ::

9:27 AM
PUT CALL RATIOS

Just posted the weekend update for Top 50 Industries. Click on the "Hot Top 50" button in the left column.Most notable are Oil and Gas Industries that took a noticable jump in ranking last week.
:: Henry Ford ::

9:15 AM
GOOD MORNING
Two Important numbers for this morning will be the ISM Index and Construction spending ...both at 10AM EST.
Overnight the SPFutures has been both sides of the line, down as much as 5 points and up as much as 6 in the last 5 hours. Currently we are going out at up 1.10 for the SP and DOW up around +20.
:: Henry Ford ::

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