Archive for the ‘Morning Briefing’ Category
Squawk DJIA Briefing for 6/21/2013
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.
Squawk Morning Briefing: Lingering Questions
The question marks surrounding markets’ reaction to the FOMC are now behind us but there are still some lingering questions about exactly where we are in U. S. equities. Everything continues to suggest that the move down from the May 22nd high is a correction but we have not been able to confirm that […]
Squawk Morning Briefing: Preparing for FOMC
When it boils down to it, both U. S. treasuries and the Euro / U. S. dollar forex cross rate are directly related to the cost to acquire a U. S. dollar. Today’s FOMC policy statement will report the central bank’s intentions as it goes forward trying to influence that cost. So this […]
Squawk Morning Briefing: Jack Be Nimble
The single factor supporting the notion that U. S. equities have already started a rise which will end in a new all-time high is that prices are higher. That said, the path they are taking both intraday on Monday and overnight in the futures is far from convincing. That leaves open the idea […]
Squawk Morning Briefing: Seasonal Strength?
Traders’ folklore tells us that we should be entering into a seasonally strong period for U. S. equities. This week is options expiration which is said to have a positive bias and next week is the last trading week of the quarter when funds are said to mark up prices. We have no […]
Squawk Morning Briefing: Still Crazy After All These Years
We continue to see wild reversals day-to-day in U. S. equities. From an Elliott wave perspective we know that to be typical of corrective action. The question which we are faced with is whether a likely correction from the May 22nd peak is over or still in progress. This is the main […]
Squawk Morning Briefing: Correcting The DJIA
For those of you who tried to watch the DJIA briefing last night, we’re sorry that the wrong video was inadvertently posted. The correct video is up now. Speaking of corrections and the DJIA, a corrective move still seems to be unfolding in U. S. equities. However, there are some important caveats to keep in […]
Squawk Morning Briefing: Lessons in Complacency
We often talk about market participants being overly complacent, but what does that really mean. Trading in recent weeks has given us a good example. We have just seen the biggest decline in stocks this year, but it has only served to shake out the very weakest of bulls. Sharp moves are […]
Squawk Morning Briefing: Another Day, Another Direction
Once again, price action on Friday served to suggest a different overall direction than the day before. While it is true that we had some warnings of this possibility based on the nature of Thursday’s afternoon bounce, we would prefer that the market show us a defined trend. At this point, it appears […]
Squawk Morning Briefing: Always A Reason To Complain
After price action had seemingly signaled a different direction each day for the past couple of weeks, on Thursday U. S. equities did almost exactly what we expected to keep the downside possibility in focus. We saw a lower low to complete a small degree five-wave move and then a bounce to around the […]