Archive for the ‘Morning Briefing’ Category
Squawk Morning Briefing: Contradictions.
No doubt about it, today is shaping up to be a critical day in U. S. Equity markets. If we view Elliott waves as a language that markets use to communicate with us then, the move down from early August seems to be a clear message that a downtrend is being established. The […]
Squawk Morning Briefing: What Does The Oscillator Say?
U. S. equities have the potential to turn down from near current levels but we prefer to see some evidence that the move is starting that hasn’t come yet. In fact, one can make and argument that a correction to the decline from early August may still to run to one more swing high […]
Squawk Morning Briefing: Still Overbought
Yesterday morning we wrote about markets being overbought and with another day of buying in the S&P 500 and especially in the DJIA, the large-cap indices are even more overbought heading into today’s action. Nevertheless, some divergences are starting to appear and that suggest we might see a turn back down soon and wave […]
Squawk Morning Briefing: Short-Term Overbought
The move to the upside from late August lows in U. S. large cap indices has become more persistent and is starting to show some signs of being overbought. That, combined with the fact that prices have retraced into a region more commonly associated with a second wave retracement, is reason to think that […]
Squawk Morning Briefing: Morning Juice
We wake to find that the bulls have been busy squeezing the markets overnight. S&P 500 futures have managed to retrace more than 61.8% of the decline from early August and even though the Dow futures have yet to retrace even 50% of the decline over the same period, they have traveled well beyond […]
Squawk Morning Briefing: Seeing The Trend
Our introductory comments from Friday would fit today’s situation as well. There remain questions about exactly how to interpret a corrective-appearing bounce from recent lows, yet it looks even more like a correction that it did on Friday. Meanwhile, the decline from early August retains its impulsive appearance. That has us interpreting […]
Squawk Morning Briefing: The Forest And The Trees
We have been occupied with a number of questions recently:
Is the bounce from last week’s low reaching an end?
Will a move to new lows be just a fifth wave before a larger bounce, or the beginning of a new, larger-degree impulsive leg down?
How will we tell the difference between these possibilities?
These are important questions and […]
Squawk Morning Briefing: Still About Syria
The ADP jobs report came out just as we were preparing to publish today’s update. It is just one in a string of important domestic economic reports expected later today and tomorrow. The ADP data was in-line with expectations and didn’t move markets much and it seems as if nothing much matters at […]
Squawk Morning Briefing: Focus on What Is Clear
We cover many scenarios for U. S. Equities in today’s videos because there are many possible paths that would be consistent with recent price action. However that doesn’t mean we’re without guidance. When reviewing the videos keep in mind the following: 1) The move up from last Wednesday’s low appears to be […]
Squawk Morning Briefing: Binary Outcome
As we introduced Friday’s videos we summed up the action with the observation that, “Failure to put in clear third wave action raises the likelihood that a correction is ongoing…” The markets seem to be reacting to the situation in Syria and that controlled action on Friday and seems to be controlling futures since […]