Archive for the ‘Morning Briefing’ Category
Squawk Morning Briefing: Still a Waiting Game
Tuesday saw the DJIA make a new low in the move down from May 22nd highs. However, the move wasn’t matched by new lows in other major indices. The decline failed to hold below important support areas and that leaves us without a clear indication that a larger decline is in progress while […]
Squawk Morning Briefing: Hang Our Hats on May 22nd?
As the calendar turns to June we’re left with a swing high on May 22nd. If it holds, it will leave a nice spike that the “Sell in May” crowd can hang their hat on. Friday’s decline adds to the possibility that this peak might last for awhile but it is far from […]
Squawk Morning Briefing: Can This Market Be Saved?
A solid move down in overnight equity futures puts pressure on the triangle scenario we’ve been watching. In the videos we look at the levels which need to break in order to invalidate that scenario and if they give way it would strongly suggest a larger decline is in progress.
While a break of nearby […]
Squawk Morning Briefing: Wishful Thinking
In U. S. equities, the fourth-wave triangle scenario we have been considering remains in contention this morning. As we prepare to publish, futures are up and while that is before potentially market-moving news at 8:30 EDT that helps to support the idea of a triangle. In many ways we would prefer to see […]
Squawk Morning Briefing: Triangles
Several markets look like they could be putting in triangles. If so, it will help us to identify where waves are in their progression. However, other patterns are possible as spelled out in various videos so be sure to watch for all possibilities unless a triangle pattern completes.
Squawk Morning Briefing: Back to Work
As we settle back in after the holiday weekend, U. S. equity futures are significantly higher and are trading into the region of a 61.8% retrace of last week’s decline. If prices were to turn back down from this region then this would be typical behavior for second wave retracements but we need to […]
Squawk Morning Briefing: Enjoy The Holiday
We hope that everyone has a peaceful and restful memorial day. In the spirit of the holiday we hope that you take the opportunity to remember those who served in defense of freedom. The day before a three-day weekend has a general tendency of showing a positive bias in markets but it is […]
Squawk Morning Briefing: Starting Something
Something started at Wednesday’s high in U. S. equities and now the question turns to what. A turn, or just a deeper fourth wave correction? As always, it is the market’s job try and fool us so we have to be on our toes. In our videos today we map out the […]
Squawk Morning Briefing: Streak Continues
Yesterday saw the Tuesday buying streak extend to 19 in a row to create a potentially complete five-wave move to the upside. As we’ve said many times, these moves can continue to extend so we need confirmation for anything but the most risky and speculative action. Today we update the latest view on […]
Squawk Morning Briefing: Tuesday Talk
Preparing for last Tuesday’s trade, talk began to surface about the markets long streak of having winning Tuesdays and how trade on Tuesday accounted for a majority of the markets rise this year. After continuing the streak last week, it seems everyone was talking about it. Now we are here again facing the […]