Henry Ford's MarketWatch LIVE!
Intraday Market Insights
:: Tuesday, July 16, 2002 ::
4:07 PM
CLOSING CHARTS
:: Henry Ford ::
3:55 PM
HIGH VOLATILITY TYPICAL OF EXPIRATIONSWe will end up making an inside day on DOW and SP Futures today and it looks like we are going to go out on a 32% retracement off of yesterdays low to high excursion. We dipped to the 50% area around 3:30 and have bounced and rallied into the close. Will post both charts as we close. I think we are seeing hedging ahead of INTC new conference.
:: Henry Ford ::
3:26 PM
PENNANT BUSTEDBroke it to the downside ....now we see if it turns into a bullish flag or a double bottom test...Wednesday's are typically reversals of Tuesday's action during expirations week, so we will see.....I will throw up a final chart at EOD ...
:: Henry Ford ::
3:05 PM
STILL TREADIN' WATERiCould be they are going to keep things stable till after the bell and INTC releases their guidance
:: Henry Ford ::
2:32 PM
UPDATEPennant has extended its range, but still no action.
:: Henry Ford ::
1:36 PM
WAITING FOR A MOVESleepy traders all took a nap while we went lawn bowling....Next time frame to watch is 2-2:30 PM.
:: Henry Ford ::
1:07 PM
1PM UPDATECould be itching for a pennant breakout on hourly charts. DOW and SP look identical.
:: Henry Ford ::
12:31 PM
UPDATEDespite sloppiness, upward sloping wedges forming on laggard indices right now. ...short term charts.
:: Henry Ford ::
12:19 PM
NXTL UPDATEAfter morning runnup, NXTL looks toppy here...might be a good one to sell into strength...if you got in early...
:: Henry Ford ::
11:55 AM
UPDATENot much going on here...markets are listening to Greenspan with one ear, but lots of chop.. Nothing to do here till we get some momentum going.SP Futures sitting right on upper declining trend line.DOW looks identical...need to bust thru yesterday's close before we see much action...Positive 13Hr RSI and MACD
:: Henry Ford ::
11:24 AM
UPDATELots of bargain hunting here today...particularly in techs.biotechs. NASDAQ outperforming again....DOW/SP biding their time.
:: Henry Ford ::
10:24 AM
BOUNCIN ON FIBONACCI'S
:: Henry Ford ::
9:46 AM
:: Henry Ford ::
9:40 AM
UPDATEOvernight we saw the SP down 25 points at worst levels. Early action is trading action...Majority of news is all very positive. GM better than expected...NEXTEL blew numbers away..only CAT among the majors lower than expected earnings.
:: Henry Ford ::
9:36 AM
:: Henry Ford ::
9:35 AM
GREENSPAN MOMENT AT 10 AM
:: Henry Ford ::
9:20 AM
GOOD REPORTSIndustrial production double the expected rate...Capacity Utilization a percentage point higher than anticipated.
:: Henry Ford ::
9:10 AM
GOOD MORNINGProbably a gap open to the downside once again. Weak European markets and profit taking from yesterday are weighing on the futures. On the earnings front, a bunch of companies are reporting this morning and all but one are meeting or exceeding consensus thus far. The exception is Caterpillar, which missed and guided lower... Later today, Greenspan will provide his semi-annual monetary policy testimony before the Senate. Industrial Production and Utilization due out at 9:15
:: Henry Ford ::