Archive for the ‘Morning Briefing’ Category
Squawk Morning Briefing: Wrong About Expiration
There seems to be a reliable way to be wrong in whatever one anticipates from options expiration and that is to make a prediction. Whenever it looks likely that expiration will be subdued it is wild and whenever one expects movement instead it is calm. Of course, whenever one expects their predictions to […]
Squawk Morning Briefing: Gap Down Action
In our DJIA video we discuss the tendency to observe opening gaps in third waves and with the futures trading down this morning that raises the possibility that we are in a third wave. Classical technical analysis classifies gaps as breakaway, measuring, or exhaustion. For this to be third wave action we want […]
Squawk Morning Briefing: A Shift in Bias
There remains a high degree of uncertainty in the short-term wave structure right now and nothing in Tuesday’s action changed that. What Tuesday’s action did alter is the negative bias we were maintaining. We can no longer prefer the idea that a downside resolution is most likely. It remains possible that this […]
Squawk Morning Briefing: If An Option Expires in The Forest…
We are reminded that it is, once again, options expiration week. That being said, with the trading volume we’re seeing right now, one might wonder if anyone will be around to notice. Expiration weeks tend to have a positive bias, but anything can happen and expiration weeks can also make for movements which […]
Squawk Morning Briefing: Bears With The Ball
The bears were in control overnight, having pushed the futures to new lows in the decline from July highs. However, there are still some scenarios where bulls could play effective defense near current levels. So be sure to pay attention to the various updated scenarios in today’s briefings.
Squawk Morning Briefing: Interpreting the Impulse
As discussed in last night’s DJIA video and this morning’s YM video, the move down from the recent all-time high appears to be a five wave impulse. We have been tracking wave counts which would allow us to interpret such a move as the beginning of a larger move down or the end of […]
Squawk Morning Briefing: Hindenburg Omen
Tuesday showed us a Hindenburg Omen signal. This is a technical conditional which occurs when there are a relatively large number of stocks making new 52 week highs and 52 week lows on the same day. When the NYSE 52 day new highs and new lows are both greater than 2.8% of all […]
Squawk DJIA Briefing for 8/7/2013
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.
Squawk Morning Briefing: Looking for Tops
Action in the major U. S. stock indices continues to suggest a topping process. Overlapped action in both directions without clear impulsive structure is common before declines and it often leaves us searching for a viable short-term count while the longer-term picture is supportive of a turn. Often we are in the situation […]
Squawk Morning Briefing for 8/5/2013
Kevin is back today. Let’s get straight to today’s video updates without further introduction.