Archive for the ‘Morning Briefing’ Category
Squawk Morning Briefing: Looking for The Next Move
Lacking clear evidence that a five-wave move up is complete in U. S. equities we need to allow for the possibility of additional highs until the move appears complete or we see sufficient downside action to confirm a turn. Details are fleshed out in today’s videos.
Squawk Morning Briefing: Top Watch Again
Once again we are on alert to look for clear signs that we may have a top in U. S. equities. Details on what we’re looking for to confirm a turn are updated in today’s videos.
Squawk Morning Briefing: Minding Our Threes And Fives
Despite a sharp decline at the open, Monday’s move down in U. S. equities appears to count out as a three-wave move. That keeps alive expectations for at least one more new high before any decline.
Squawk Morning Briefing: Scary Stuff
Remember, it is the market’s job to fool us. Within that broader context, it is the role of fourth waves to shake out weak hands and suggest that a move might be over. It remains to be seen whether this immediate decline from last week’s highs is just meant to scare us or […]
Squawk Morning Briefing: Upside Potential Remains
Nothing we see rules out the ideas that we are either at or near lasting highs. However, the move up from late February still looks like it needs a larger fourth wave correction before complete. Therefore we would need to see dramatic, impulsive downside action to convince us that just the immediate leg […]
Squawk Morning Briefing: Gimme An “I”
If we were to joke that DJIA really stood for Dow Jones IBM Average then it certainly wouldn’t be the first time. It also wouldn’t be the first time for us to mention “Big Blue” has far and away the highest share price in the price-weighted average and, therefore, its movements have the greatest […]
Squawk Morning Briefing: We Goofed
We hit a snag last night and didn’t send out an evening update with the DJIA briefing even though it was recorded. We’ll continue to aim for sending out this briefing early since it is sometimes a bit longer than the others. However, on occasion it will come out in the morning with […]
Squawk Morning Briefing: March Reversals
In recent years markets have made a habit of starting a reversal in the month of March. The current trend is up, so a reversal would have us turning back down. However, we continue to observe a situation where the wave count continues to look incomplete to the upside. March reversals have […]
Squawk Morning Briefing: Intermarket Divergences Continue
We continue to see divergences between markets. That includes divergences in behavior between the DJIA and S&P 500. Both continue to be in an uptrend but DJIA continues to make new all-time highs while the S&P 500 is below it’s 2007 peak. There are also short-term differences in the two: both made […]
Squawk Morning Briefing: Rolling Over
Many data vendors who supply continuous contract data have now rolled over to their equity futures so that June is the new front month. March remains the front month for another week and even though volume will shift over the coming days, we prefer to use the front month with tools like FibGrid as […]