Archive for the ‘Morning Briefing’ Category
Squawk Morning Briefing: NFP Shows Tired Market
The pop and drop seen in U. S. equities following Friday’s non-farm payroll report continues to demonstrate how weak the advance is in U. S. equities. That continues to suggest that the upside will be challenged without some pullback first. There are still many scenarios for how things might play out from here […]
Squawk Morning Briefing: Sorting Out Scenarios
Today’s non-farm payroll report is likely going to set the tone for the day and will hopefully help sort out which Elliott wave scenario the market is following in the near term.
Squawk Morning Briefing: Looking Tired
The DJIA made a new all-time closing high on Wednesday after closing above its December 31st level; it is still modestly below it’s all-time intraday high recorded in early April. The S&P 500 has also rallied to near all-time highs but trades slightly below them.
Our base case still expects to see new […]
Squawk Morning Briefing: News Might Move Things
Little movement on Tuesday and little movement overnight leaves it up to this morning’s reports to try and spur markets to move one way or the other. Both the ADP and GDP reports have the ability to create significant movement, as does this afternoon’s announcement at the conclusion FOMC meeting.
Squawk Morning Briefing: Bullish Suggestions
As stretched as we were yesterday morning we got even more extended through the day with the S&P 500 spiking below just below the Voodoo Treeline before recovering. This is exactly the level which needed to hold and the bounce from that level has us continuing to look upward. Because of the depth […]
Squawk Morning Briefing: Stretched Count
Friday’s action to the downside stretches the limits of our fourth wave correction count in U. S. equities but at this level we can say it is bent but not broken. Overnight strength in futures suggests that our view from last week still works at the start of this week.
Squawk Morning Briefing: Consolidation
Thursday saw trade in U. S. equities remain within their recent range. The best interpretation is that this represents consolidation before continuation in the direction of the dominant trend. More details in today’s videos.
Squawk Morning Briefing: New Highs In Sight
Wednesday saw consolidation in U. S. equities as the S&P 500 sits just below all-time highs. We don’t expect the current move up to end until it reaches new highs and it completes a five-wave move. It is easy to discern when a new all-time high is hit and the conditions for completing […]
Squawk Morning Briefing: Looking Up For Now
On Tuesday, the S&P 500 finally achieved the last of the milestones we wanted to see to convince us that it is likely to register a new all-time high before any up move is complete. This is only the last of several milestones so we had an early warning. Today’s videos discuss the […]
Squawk Morning Briefing: Nothing Changed
After a day of trading on Monday the situation in U. S. equities remains tricky and for exactly the same reasons. In short, not much has changed since yesterday but we review the situation in today’s videos in any case.