Archive for the ‘Morning Briefing’ Category
Squawk Morning Briefing: The Clues Are in The Bounce
After Friday’s expected gap lower in DJIA, the blue chips failed to generate the downside follow-through that we mentioned would be required to signal third wave action and we saw a bounce that lasted the remainder of the day. The bounce is continuing in the overnight futures. The shape and behavior of the […]
Squawk Morning Briefing: Something’s Gotta Give
Yesterday we mentioned the outsized impact of IBM and today it is selling off pre-market following earnings. Nevertheless, Dow futures have firmed overnight and S&P futures are strong. While they are both giving some back here in the 8:00 hour, if the strength is maintained into the open it wouldn’t be the signs […]
Squawk Morning Briefing: Big Blue
So far, U. S. equities have done what they need to in order to keep downside expectations alive but insist that bounces remain corrective and result in continued selling to maintain that view. We have said many times that the DJIA cannot go very far in either direction if IBM isn’t along for the […]
Squawk Morning Briefing: No Excuses for Bears
With the overnight move down in the futures, it looks even more like Tuesday’s bounce was a second wave correction. If so, then we are in a third wave down. Third waves are generally fast and dramatic. While they are not without bounces, those bounces should be quickly sold with a resumption […]
Squawk Morning Briefing: Pathway Down
Monday’s decline included most of the ingredients to suggest that a move up ended at last week’s high. Still missing are a completed five-wave move down and a corrective bounce. Nevertheless, the dramatic nature of the decline and the broader wave count are enough for us to suspect that we will see the […]
Squawk Morning Briefing: Is Another High on The Horizon?
With equity futures weak this morning there is potential that the cash indices open below the fourth wave of smaller degree. While this might hint at the possibility of a completed five-wave move to the upside, we’re still considering another leg up the most likely course. Today’s videos cover the logic supporting this […]
Squawk Morning Briefing: Over There
This mornings we see weakness overseas weighing on U. S. equity futures. Whether that is enough to end the week-long impulsive advance, or at least generate a fourth wave correction remains to be seen. We’ll assess it based on the updated in today’s videos.
Squawk Morning Briefing: Watching the Trend
We continue to watch an impulsive rise from last week’s low. Once complete, it will have the potential for a significant decline but until then the trend is up. Our latest views on where it might end are updated in today’s videos.
Squawk Morning Briefing: Confirmation Remains Key
Once again we’re looking for signs that multiple degrees of five-wave advance might be ending. As before, we need to see confirmation before presuming that a trend change has occurred and the levels we’re watching are updated in today’s videos.
Squawk Morning Briefing: U-Turn?
Tuesday saw prices move down right from the open, something we suggested was needed in order to keep the downside view alive. However, after that morning drop they continued higher — not at all what bears needed to see to have any confidence. That leaves the move down from all-time highs in the […]