Archive for the ‘Morning Briefing’ Category
Squawk Morning Briefing: Pick ‘Em
As of just after 8:00 EDT, U. S. equity futures don’t seem to have acted on the potential for either a gap up or a gap down. That leaves alive the potential for either a third wave of a third wave either up or down. If so, expect to see clear impulsive action, […]
Squawk Morning Briefing: Why Worry?
Recent market moves have been tracking to our expectations. While that is preferable to the alternative, we don’t want it to cause a false sense of security. We know from experience that things can turn against us in an instant. One of the nice things about Elliott waves is that they give […]
Squawk Morning Briefing: Defining The Trend
Tuesday’s decline leaves the DJIA exhibiting a clear five-wave decline. The move down from early August may not yet be over, but so long as it bounces near current levels it will maintain that appearance and that gives us very important information. A five-wave decline from all-time highs followed by a corrective bounce […]
Squawk Morning Briefing: Selling Crescendo?
This morning sees a continued sell-off in U. S. equity futures, helping to confirm a likely end to a corrective move at Monday’s high. We have been tracking the idea that that the move down from early August needs one more leg down to complete a five wave move and with the Dow futures […]
Squawk Morning Briefing: Down Up Down?
While the short-term pattern in the Euro remains unclear, today’s video updates the possible path of the expanding ending diagonal we have been tracking. If this is the scenario which is unfolding then we would expect to see the euro take another stab lower before a larger three-wave bounce and then a more dramatic […]
Squawk Morning Briefing: Apologies.
We are having trouble getting David’s updates out this morning. So we’re going to focus on his text comments last night and get Kevin’s videos out as soon as possible given that we’re already delayed. Kevin and David have different views this morning with Kevin favoring the idea that five waves down may already be […]
Squawk Morning Briefing: Sharing In The Fun
Why should day session traders have all the fun? Overnight YM traders were treated to a slow-motion replay of some of the wild swings we saw in the cash markets on Wednesday. The overnight action does nothing to alter the view from last night’s DJIA video, especially as we look to open not […]
Squawk Morning Briefing: Over the Horizon
No doubt about it, the very short-term picture in U. S. equities is a bit cloudy. However, bounces continue to be sold and there isn’t yet any indication that we’ve completed a move from all-time highs early in the month. So whether or not we continue down immediately or after some more of […]
Squawk Morning Briefing: Blame The Taper
Global markets are in the red this morning with emerging markets hit particularly hard. Much of the talk this morning is blaming the move on an anticipated Fed taper which some anticipate could be announced at the September meeting. We are always skeptical about any claim about the cause of a particular market […]
Squawk Morning Briefing: Putting Expiration Behind Us
Friday’s back and forth action was not unusual for an options expiration. Today’s videos update on what we’re looking for from the next moves.