Archive for the ‘Morning Briefing’ Category
Squawk Morning Briefing: Digging into Details
Today we delve into a bit more detail on how this pattern to the upside might be unfolding. For the time being it appears incomplete and that, combined with the fact that nothing has signaled a change to the uptrend, has us looking higher for the time being.
After we see a completed pattern to […]
Squawk Morning Briefing: March Higher
As outlined in our videos, the trend will continue up until we see a clear completion pattern.
Squawk Morning Briefing: Rising Up
Overnight futures suggest that the DJIA is likely to join in a move to new recovery highs. That would leave open the question of how high this move might go. For now we’ll need to leave that as an open question until we can observe the structure of the most recent move up […]
Squawk Morning Briefing: Let Markets Be Our Guide
An old trading maxim tells us, “it’s okay to be wrong but it’s not okay to stay wrong.” The message is that any trade might not work out the way we intended and that it’s foolish to allow those trades to continue. Sure they might eventually turn in our direction, but once there’s […]
Squawk Morning Briefing: More Triangle Talk
If we did, indeed, see an expanding triangle in the DJIA as we speculated both yesterday and earlier in the week then there are a few observations which are useful. First, a thrust from that triangle would be terminal as we mentioned yesterday. During the day yesterday the index followed the map we […]
Squawk Morning Briefing: Expanding Triangles
The idea of an expanding triangle is put forth in today’s DJIA briefing. It is important to note that there are other valid interpretations of the wave structure and some would lead to exactly the same outcome as the triangle so we cannot conclude that it is unambiguously a triangle. Nevertheless, we only […]
Squawk Morning Briefing: Awaiting The Next Move
The bounce from Monday’s low in the DJIA looks to be only corrective so far. That doesn’t mean it couldn’t begin racing upward more purposefully to look more impulsive, but unless that happens we can give an edge to the bears here while reminding ourselves that we still have not taken out confirmation levels […]
Squawk Morning Briefing: The Start of Something?
Once again we are in a situation where U. S. equities could be at the start of a larger decline. This time prices have crashed through support levels more dramatically. Nevertheless, we remain well above confirmation levels so while this has potential, it needs to continue to hold resistance and break support while […]
Squawk Morning Briefing: Intermarket Divergences
This morning we see Dow futures making new highs while S&P 500futures remain below last week’s peak. We continue to see signs of possible topping action and intermarket divergences are not uncommon during the topping process, but that is different from saying it is a sign that a top is in place. Whatever […]
Squawk Morning Briefing: Decision Day
Today is the day when U. S. equities will likely make a decision about whether trend has changed. The signal will come based on whether the rise from yesterday’s low is corrective or impulsive as discussed in today’s videos.