Henry Ford's MarketWatch LIVE!

3:43 PM
GONNA END UP WITH ALL GREEN AND 2 BIL SHARES ON NAZ AND NYSE???We'll see...If so that fits the scenario for a market capitulation...haven't seen the short covering come in yet though. Good to see the DOW back over 8800 after being down over 200 points today. Will throw up a final chart as soon as we have the close.
:: Henry Ford ::

3:18 PM
WATCH GE EARNINGS TOMORROW--COULD BE THE CATALYST
:: Henry Ford ::

3:03 PM
3PM BUBBLE--UP or OVER?Broken above the upper local trendline, but not convincing yet. Last hour will be the key here.

:: Henry Ford ::

1:41 PM
UPDATE

:: Henry Ford ::

1:21 PM
GENERAL MARKET OVERVIEWLast weekend I sent out an urgent update to subscribers that said despite the possibility of a pullback, I viewed this week as probably the best buying opportunity of the year. Everything I have seen reinforces this idea...Most are going to miss this move, as it will be violent when it occurs. This slide is not based on economics; we are not going into a double dip recession as some talking heads are postulating. The ONLY thing that is going for a double dip is the market and that is not based on anything but investor psychology. Can we still go lower?...of course...The DOW could still go down and retest the Sept lows, but whether we see a bottom today, tomorrow or next week, the time to buy is when fear is abject. It takes the most courage, but is that one opportunity that only comes around once in a blue moon. Mass defections are going into bonds, another sign of a bottom, and many will get caught on the wrong end of that trade as well.
:: Henry Ford ::

12:37 PM
NO SIGNS OF TURN YETMutual fund redemptions are going up as investors are finally capitulating and throwing in the towel...Volume on NYSE and DOW running 1.1Bil each. When the market finally does turn, traders and investors as well will be weary and wary enough that they aren't going to trust the move and will be left behind.
:: Henry Ford ::

12:13 PM
SPU FUTURES TRYING TO TAKE OUT 900....ANOTHER TRIGGER NUMBER
:: Henry Ford ::

11:45 AM
TOOK OUT 8700Had to take out stops...now we wait and see....As we take out these logical stops, profit takers are coming in which is why we get these choppy moves. SP still hasn't taken out this morning's lows...SP's should go any time
:: Henry Ford ::

11:03 AM
STILL FOOLING AROUND HERE No decisive move on RSI or MACD
:: Henry Ford ::

10:26 AM
DOW BACK TO POSITIVEand back above 8800 ...still to soon to call it, but things shaping up nicely here.

:: Henry Ford ::

10:13 AM
HAVING PROBLEMS WITH MAPPER THIS MORNING WILL HAVE TO RESTART SERVER
:: Henry Ford ::

10:12 AM
NICE LONG GREEN CANDLESHigh levels of fear with the VIX going over 40 this morning. Now to see if we can get some support from the momentum traders. Need to get some solid turns on the 13 hour MACD and RSI on the hourly charts. Here's the SP Futures contract:.

:: Henry Ford ::

9:57 AM
GETTING A NICE BOUNCE NOWToo early to call it...we did bounce solidly off of 8700 as profit takers hit their stops. As of 9:55 we now have 62% of NAZ stocks higher since the open.
:: Henry Ford ::

9:49 AM
BROKE SUPPORT8715 didn't last long on the DOW...trying to break 8700 now.
:: Henry Ford ::

9:15 AM

:: Henry Ford ::

8:50 AM
LOOKS LIKE A GAP DOWN Equity futures have ticked lower since the PPI increases of 0.1% total and 0.2% core were both a tenth higher than consensus. Overall, Wal-Mart guiding higher and generally positive June chain store sales reports are being countered by a report that the SEC is investigating BMY, Pru saying Intel may cut cap-ex and a GM downgrade. Could be the catalyst needed fot final washout. 8715 is DOW support here..

:: Henry Ford ::

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