Henry Ford's MarketWatch LIVE!

3:39 PM
WILL UPDATE OVER THE WEEKEND WHEN I GET CHARTS BACKAppears that we went down to 50% levels from yesterday's lows to today's highs on SP. NAZ best performer, DOW the worst...Went down and took out the lows and bouncing so far.
:: Henry Ford ::

2:57 PM
DATA PROVIDER DOWNSorry...been working blind for last hour
:: Henry Ford ::

12:29 PM
LAWN BOWLING TIME Not looking for much excitement till 2-2:30 time frame...
:: Henry Ford ::

11:55 AM
LUNCH HOUR GAMESOdds favor another run to 936 after pullback here...then final break up last hour or first hour Monday...936 is the line in the sand here, so will probably take a couple of aborted attempts.
:: Henry Ford ::

11:21 AM
UPDATEGot our higher High...now we need to break that 936 level on the SP...Hit it on the nose and backed off for another run. Prolly one more run down to 927 or 925 before we launch...Some of you may wonder over the pre-occupation with the SP Futures, but generally SP's are the driving force behind moving the broad market and leads it around by the nose. When we talk about computer trading, almost 50% of trades are done automatically by computer programs manipulating the SP.
:: Henry Ford ::

10:27 AM
TESTING THE HIGHS ON SPMake or break for the short term...still looking for 936 area for short covering to kick in. 930.50 area providing resistance right here..
:: Henry Ford ::

10:00 AM
SHAKEOUTLooks like it to me...despite beginnings of good earnings and Retail Sales report, sentiment was used as excuse to run the numbers down. Get back above today's high and we should be off to the races. Had a nice bounce off of the 50% retracements on the 5 minute charts....If that holds we will have a higher-low in place. Not surprising that Sentiment is down...lack of faith in accounting/continued terrorism threat/investors bailing from mutual funds...classic bottom stuff....and of course Ralph Bloch negative comments yesterday...surefire sign of a bottom....but it's an investor psychology market....so we follow...can't lead.
:: Henry Ford ::

9:49 AM
CONSUMER SENTIMENT Hitting the market now..down considerably for the month...Everything pulling back, so will influence numbers in the short term.
:: Henry Ford ::

9:47 AM
9:45 SPU SNAPSHOT

:: Henry Ford ::

9:37 AM
GAPSNASDAQS and QQQ gapped on the open...now pulling back to close gaps looks like. GE Positive news should be a good footing under the market. Key to watch here will be the SPU2 S&P Futures contract for a break above 936 level...that should be enough to get some short covering going and bring in the momentum traders.,
:: Henry Ford ::

9:33 AM

:: Henry Ford ::

9:32 AM
RETAIL SALES REPORT FROM 8:30 EST Solid 1.1% rise in June Retail Sales points to the fact that the consumer continues to spend.
:: Henry Ford ::

9:30 AM
HIGHER THIS MORNINGhigher this morning include: JNPR,CSCO, EXTR, FDRY.

:: Henry Ford ::

9:14 AM
POSITIVE OPENSP Futures at a positive 3
The pre-market tone remains positive. Relative strength on the Nasdaq can be attributed in part to DELL's upwardly revised guidance last night. The company now sees second quarter earnings of $0.19 per share, which compares favorably with the Multex consensus estimate for earnings of $0.18 per share. On the heels of its guidance, Lehman is out with an upgrade on the shares this morning. The firm has raised DELL to Buy from Market Perform with a target price of $30.

:: Henry Ford ::

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