Archive for the ‘Evening Update’ Category
Squawk DJIA Briefing for 9/19/2011
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.
Squawk DJIA Briefing for 09/15/2011
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover. It’s a pretty long update this evening in order to work through all the logic that leads to our conclusion. Hopefully it’s worth it.
Squawk DJIA Briefing for 9/14/2011
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.
Squawk DJIA Briefing for 9/13/2011
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.
Squawk DJIA Briefing: Trying New Format
We’re trying out producing the DJIA briefing in the evening with YM, Euro, and Treasury updates continuing in the morning. If it works out then we’ll keep it up.
Squawk Evening Update: The Last
More indecision today when both the bulls and bears had opportunities to press their advantage but failed. This morning’s advance was impressive and quickly broke above the FibGrid 2002 snow line and kept running. However, it failed to take out last week’s high before falling. That leaves open the possibility that the advance into the […]
Squawk Evening Update: Are Dip Buyers Bored?
For several weeks now we have used the adjective “indecisive” to describe market action. Today’s action provided yet another example; bulls lacked the conviction to immediately buy up an opening sell-off, but bears didn’t have the confidence to press their early advantage. The result is that we continued to see whippy action.
Both the DJIA and […]
Squawk Evening Update: Today Was About FibGrid
This morning we said to watch behavior at the FibGrid 2002 snow line to see the DJIA’s direction for the day. While the opening gap down below the grid line seemed like it would break down. However, the gravitational pull of the FibGrid was strong and it quickly pulled prices back where they oscillated above […]
Squawk Evening Update: Unusual Action Continues
The DJIA did not turn down to quickly fill its opening gap, which had us looking for a new high. We also needed that new high to end below 11,258.011 in order to support the idea of a a decline. It remained just barely under that critical level before retracing most of its gains for […]
Squawk Evening Update: Altitude Sickness?
We had a pretty wild day in the markets today and have a lot to analyze in preparation for tomorrow’s briefing.
The count calling for new highs in U. S. equities played out. The high of the day was about 10 points above the Fibonacci level shown where c = 161.8% of a and begs the […]