Archive for the ‘Morning Briefing’ Category
Squawk Morning Briefing: Euro on The Move
As we mentioned yesterday, U. S. equities still have a lot to prove to show that there is a change of trend. We also mentioned that the Euro was closer to showing signs of a reversal and it has continued to follow-through to the downside in an impressive manner through the day on Thursday […]
Squawk Morning Briefing: Work to Do
The DJIA finally caught up to the S&P 500 on Wednesday as it joined the club of indices making new all-time highs. After giving up those highs later in the day it brought renewed questions of whether a top is in. That is a possibility, but there’s much more work to be done […]
Squawk Morning Briefing: Fed Flu
Kevin is under the weather today so David is Filling in. We’ve also combined the DJIA and YM briefings this morning. With a number of markets in situations that are less than clear right now, and the FOMC announcement looming this afternoon, it’s probably as good a time as any to be curled […]
Squawk Morning Briefing: Still Tricky
This remains a tricky spot for a number of the markets we track making it a good time to tighten up stops on long-held positions and wait for more clarity before establishing new ones. In the mean time, other markets might present opportunities such as the USDJPY setup we posted to the home page […]
Squawk Morning Briefing: Tough Environment For Trading
Not much changes in the outlook today. As we’ve been maintaining, most trends remain in place but there also remain stretched conditions with divergences. That makes it a tough place to contemplate any new trades and leaves us waiting for clearer signs. One common feature of situations like this is that it […]
Squawk Morning Briefing: Choppy And Overlapped Action
Action in U. S. equities remains overlapped in both directions revealing a need for caution in this immediate area until a trend direction is resolved. Full details in today’s videos.
Squawk Morning Briefing: No Breaks of Support
No breaks of support followed by wave overlap keep the immediate trend up.
Squawk Morning Briefing: Which Index Is Right?
Tuesday’s delayed BLS report was enough to shake stocks loose from their narrow range trading on Monday, once again propelling the S&P 500 to a new all-time high and, once again, leaving the DJIA short of that mark. Whether the DJIA eventually catches up to the S&P 500 or whether the S&P returns down […]
Squawk Morning Briefing: Calm Before The Storm?
Monday saw our intermarket divergences continue between the S&P 500, which made a new all-time high, and the DJIA, which didn’t. Furthermore, the S&P 500 closed up for the day while the DJIA closed in the red, even though the daily change was modest in both. Little change in prices means that there’s […]
Squawk Morning Briefing: Pattern Failure?
There are a number of folks talking about a possible ending diagonal in the S&P 500, just as it made new all-time highs on Friday. This pattern is a possibility, albeit one where there are concerns about whether it meets the criteria for the structure of the waves. Nonconfirmation from the DJIA does […]