Archive for the ‘Morning Briefing’ Category
Squawk Morning Briefing: Is There Another Way to Say We’re Still Waiting?
Moves continue to be extended and supportive of a possible turn. However, counts remain unclear so “supportive” need not mean “imminent.” We have waning momentum in equity indices, and are right in a range of multiple Fibonacci targets in the Euro. However, without a clear wave count, there is nothing to rule out new highs […]
Squawk Morning Briefing: Signs of Turning; Need Confirmation
We have many indications of a possible turn in markets (again). But as this has happened many times before, we need confirmation. Some of the things we are noticing are:
a possible ending diagonal pattern in the Dow and S&P 500.
Wave counts near a turn in other markets.
Some interesting time relationships in the EUR/USD cross.
The full […]
Squawk Morning Briefing: Markets Still Refuse to Pick a Side
It’s starting to get tiresome, but markets continue their refusal to pick choose a direction. That creates wild short-term swings in equity market that are just a long-term version of chop. Overnight futures action has failed to provide any clues and instead is proving equally difficult to count. However, the pre-market lift seems to be […]
Squawk Morning Update: A Pullback or Maybe More
Prices have started down from recent highs, many of which are at levels that could see a turn. We still think the Euro could put in additional new highs. Equities are unclear and could go either way. Details are our analysis and expectations appear below.
Squawk Morning Briefing: Being Brief (technical glitch)
Due to a technical glitch we have to recreate much of what we were writing this morning. This abbreviated update is designed to get you the results of our analysis and latest thinking before the open. We will have full coverage of analysis, including educational content either later in the trading day, or included with […]
Squawk Morning Briefing: Force a Decision
Across the board, markets are at key decision points. We can see wave counts that support a turn down which are near completion, but that doesn’t mean we will turn. This is an environment to wait and force markets to make a decision before we commit significant capital. It’s a time to analyze and plan […]
Squawk Morning Briefing: After OEX
As we emerge from options expiration, E-mini Dow futures are up, but weakening as we approach the open, and the Euro is net down. Overnight, Dow futures reached levels that would have predicted a gap up in the cash index to above Friday’s high. That’s something we wouldn’t want to see if we want our […]
Squawk Morning Briefing: Euro Top Looks In
I hope that some of you caught the FibGrid chat last night. Unfortunately, today’s update is slightly abbreviated. Kevin is out of town and I have to run out of the office pretty early this morning. Our update will focus on the most important developments since yesterday and we’ll get some more robust materials published […]
Squawk Morning Briefing: Video Update
As noted in last evenings wrap-up, we are limited in what we can say about wave counts following Wednesday’s market action. While we do our own independent analysis with our own approach, we try to stay abreast of what other wave analysts are saying . Many remain bearish, but are now supporting that view with […]
On The Cusp of Something. But What?
Many markets that appeared to have turned a week or more ago have now put in deep retracements that are testing the limits of what is acceptable from mere corrections. This creates somewhat of a “do or die” scenario for the turns, at least in the short term and for markets that are testing those […]