Archive for the ‘Morning Briefing’ Category
Squawk Morning Briefing: One Day Trading Week
It sure feels like a Monday getting back to work after the July 4th holiday. However, it’s set to be a day with many influences which could potentially lead to some wild moves. We start with U. S. equity futures up well over 100 points, but that’s before the important BLS report due […]
Squawk Morning Briefing: Still Studying Short Term
More selling overnight is not what the bulls needed to start making the case that the decline from Tuesday’s high in the DJIA was a completed three-wave correction. Nevertheless, there is time before the open for the picture to change. We also discussed in today’s videos the possibility that a correction may turn […]
Squawk Morning Briefing: Diverging Views
Our YM and DJIA videos have somewhat diverging views of how to interpret the short-term action today. So even while we may see similar larger degree scenarios for U. S. equities we see different possibilities for the short-term wave structure. In general, we think it is good to have two analysts viewing the same situation […]
Squawk Morning Briefing: Busy Holiday Week
If holidays are not times for relaxation then they they should at least be a time to pause and reflect on some important event being commemorated. This week will see markets closed on Thursday for Independence day but otherwise significant news flow should keep us on our toes.
Non-farm payroll numbers are set to be […]
Squawk Morning Briefing: Step By Step
The line “Slowly I turned step by step” from the classic Abbott and Costello sketch has been copied or parodied by everyone from Lucile Ball to Bugs Bunny. We have been methodically tracking action in U. S. equities and slowly have come to the conclusion that a turn back up seems like the more […]
Squawk Morning Briefing: Bulls Continue
Bulls continued their advance on Wednesday. Their remain multiple interpretations which would fit current action but one thing we know is that no move up or down lasts forever (even if they sometimes last much longer than we can initially imagine.) How far we advance before a pullback and the size and nature […]
Squawk Morning Briefing: Whittling Down Scenarios
On Tuesday bulls continued to try and show they had some fight in them. In many ways, the action was different from what they put together on Monday. First, they managed to close the major indices in the green with good breadth. However, volume was lacking and the rise was not clearly […]
Squawk Morning Briefing: Sympathy for Ferdinand
Since last week’s FOMC statement bulls have been acting like Ferdinand, preferring to sit and smell the roses than to fight.
On Monday bulls showed everyone that they weren’t yet prepared to simply roll over and play dead. While the day was solidly red in all major indices, but a significant counter-trend bounce put everyone […]
Squawk Morning Briefing: Rules and Impressions
In today’s videos we attempt to sort out some potentially contradictory impressions about the wave structure of U. S. equity markets. We continue to favor the idea that the move down from the May 22nd peak is a correction, likely a fourth wave. The most compelling reason to adopt this move is that […]
Squawk Morning Briefing: Preparing for Expiration
They used to say that gymnastics judges were hesitant to give out the highest scores to early competitors so that they would be able to award higher marks should a subsequent gymnast put in a better performance. Perhaps we should have taken a lesson from that before referring to Wednesday’s U. S. equity market […]