Archive for the ‘Morning Briefing’ Category
Squawk Morning Briefing: How High Will This Go Now?
With the FOMC decision to begin to taper we can see that the markets reaction was, indeed, different than one might have expected. It also left the decline from November’s highs looking like a correction. That brings wave expectations in alignment with typical seasonal patterns favoring an upward bias toward the end of […]
Squawk Morning Briefing: Will We See Anything Before News?
Consolidation on Friday didn’t settle any of the open questions about short-term direction. We know that consolidation often leads to continuation of the current trend which would favor at least one additional new low yet futures as of 7:30 am EST so far are arguing for a different path. The FOMC meeting later […]
Squawk Morning Briefing: Fork in The Road
Thursday saw the small degree lower low in U. S. equities which we were expecting but still with no confirmation of a larger degree change in trend. That leaves the door open either a continuation to the downside to generate that confirmation but also a door open to new highs from current levels or […]
Squawk Morning Briefing: First Objectives Near
Wednesday finally saw confirmation of a turn down at small degree of trend. That saw continuation to the downside to the point where prices have almost reached the first objectives expected based on that confirmation. Meanwhile, we haven’t yet seen confirmation of a turn down at larger degree of trend to suggest whether […]
Squawk Morning Briefing: Waiting for Confirmation
At several degrees of trend, we are awaiting confirmation of a move. This remains a spot to be patient as discussed in today’s videos.
Squawk Morning Briefing: Testing Limits
Many markets are starting to test the limits of where prices should go if we want to keep alive the idea of a change in trend. That underscores the need to see confirmation which is still missing. Criteria are updated in today’s videos.
Squawk Morning Briefing: Testing Extremes… Again
Friday’s bounce on BLS numbers took U. S. equities up into the area of last-chance resistance. Should bears want to maintain control they need to assert themselves from near Friday’s high. Confirmation remains critical and today’s videos discuss what to look for.
Squawk Morning Briefing: Power of Patience
Yesterday in our introduction we mentioned that the sudden emergence of multiple alternate scenarios introduced additional complexity which was a cause for caution. Today we see the benefit of that caution: by waiting the more likely scenarios emerge as we get to see more of the price action. This doesn’t mean that the […]
Squawk Morning Briefing: Caution in The Face of Complexity
Wednesday’s move opens the door to a number of wave count possibilities in U. S. equities. In some ways this is not too much of a surprise with important news events on the horizon. It does complicate the very short-term picture and suggests some caution. Today’s videos discuss the situation.
Squawk Morning Briefing: The First Five Are The Hardest
At the beginning of any new move, counting out the first five-wave move is always the hardest. There are several challenges, starting with the fact that without first counting a complete five-wave move one cannot even confirm that a trend change has occurred. That is, one cannot even be sure that it should […]