Archive for the ‘Morning Briefing’ Category
Squawk Morning Briefing: BLS Bounce
Friday’s BLS report launched equity markets higher, finally achieving the new high in the DJIA which we had wanted to see before any decline. Given the extent of the bounce, it is unlikely that prices will fall directly from here and that we need to see at least a few subdivisions higher. Of […]
Squawk Morning Briefing: What Will BLS Tell Us?
With not much changed in the broader picture going into today’s session, perhaps the reaction to the BLS report will shake things loose and begin to confirm a move.
Squawk Morning Briefing: Watching The Euro
Uncertainty remains with U. S. equities. In fact we present different preferred views as to whether the top is in or not in the DJIA and YM videos. As we have said many times, we need to see clear evidence and today’s videos update that criteria. While we’re waiting for that to […]
Squawk Morning Briefing: Tired of The Talk?
If you’re like us then you’re tired of all the talk about whether the “sell in May and go away” this year just as the maxim is debated every other year. Wave patterns are in agreement with common seasonal patterns to suggest that we could be preparing for a down move. However, the […]
Squawk Morning Briefing: Confirmation Remains Critical
Once again we are approaching a spot where we might be able to count a five-wave advance as complete. Any five-wave move, of any degree, should see prices move the opposite direction even if it is merely to correct a portion of the most recent move.
In the current instance, we are interested […]
Squawk Morning Briefing: Let’s Check The Video
This still seems to be a time for patience as we look for patterns to settle out. Let’s get straight to today’s videos for the details.
Squawk Morning Briefing: Where Did The Euro Go?
There is virtually nothing new to report in the Euro today so no video as everything new can be summed up in a few lines of text. Elliott wave analysis gives us a concise way of viewing possible scenarios; assessing which are more likely; and confirming some and rejecting others based on price action. […]
Squawk Morning Briefing: Short Term May Provide Clues
As discussed in our videos, there is growing reason to look for more upside potential from this market. That doesn’t mean we are going up as several elements cloud the picture, not the least of which is Tuesday’s momentary spike down. Furthermore, even if new highs are on the horizon, it is possible […]
Squawk Morning Briefing: A Time for Patience
If it weren’t for the wild spike down on Tuesday, the interpretation of the action would likely be more bullish than bearish. If the spike is to be believed then it clouds not only the wave count but also technical indicators. With many possible interpretations, it’s a good time to be patient and […]
Squawk Morning Briefing: Let This Market Prove Itself
Futures are higher this morning. That fits with either a notion of an ongoing correction upward in U. S. equities or the need for a new high as discussed in our videos. We’ve also discussed what we need to see for the market to prove its intentions. Let’s force it to commit […]