Archive for the ‘Morning Briefing’ Category
Squawk Morning Briefing: Unfinished Business?
In pre-market trading futures have retraced much of Monday’s decline. Of course that also means that should we open up at these levels that much or all of Monday’s gap. Should stocks then begin to fall they could do so without the unfinished business of an unfilled gap to worry about. Yet […]
Squawk Morning Briefing: Dow 14,000
Friday finally saw the DJIA reaching the psychologically important 14,000 level. The wave structure of the rise from Thursday’s low to Friday’s high isn’t completely clear, so it’s hard to tell if the high marks a completed five-wave move, but in the count we’ve been tracking there is a possibility that when that move […]
Squawk Morning Briefing: Even the Bears are Bullish
Yesterday the NAAIM released their weekly survey results showing how investment managers are positioned. The average manager was 104% long. That is, the fund had $1.04 in long exposure for every $1.00 under management. While it might not seem surprising that the pros are long right now, this is the highest average […]
Squawk Morning Briefing: GDP Surprise
Fourth quarter GDP surprised almost everyone yesterday printing at -0.1% signalling contraction in the U. S. economy, albeit slightly. Nevertheless, economists were looking for modest growth of around 1.1% so this was a shock even if it is only the advance number which is due to be revised multiple times.
The immediate effects […]
Squawk Morning Briefing: Busy News Day
The docket of economic data is relatively full today starting with the ADP employment report out this morning ahead of the official BLS report on Friday. We also have the first look at Q4 GDP later in the morning and the announcement following the FOMC meeting this afternoon. Toss in a few key […]
Squawk Morning Briefing: Kevin Filling In
With Kevin filling in for David who is under the weather today, we’ll skip the introductory comments and get right to today’s videos.
Squawk Morning Briefing: Dissecting CATs
Pre-market traders seem to be having trouble deciding what to make of earnings from CAT. The DJIA component reported EPS that was well below street estimates but, after adjusting for one-time impact, came in materially better than consensus forecasts. The company is also suggesting that visibility into 2013 may not be that good […]
Squawk Morning Briefing: Is This Euro Thrust Terminal?
The Euro appears to be thrusting out of the triangle pattern we have been tracking. Thrusts from triangles are often referred to a “terminal” because triangles can only occur as the next to last wave in a sequence. So if the triangle occurred in an impulse this will be a fifth wave up […]
Squawk Mornign Briefing: Pretty Dow
The IBM effect caused the DJIA to dramatically outperform the S&P 500 on Wednesday. Sure, IBM is part of the S&P 500 also, but it has the largest influence on the DJIA yet is just one of the larger influences on the S&P 500. Plus being the biggest fish in a small pond […]
Squawk Morning Briefing: The IBM Effect
The DJIA finally took out its 2012 highs and finally answered a few questions for us. Today it seems poised to continue the upward move based on the influence of IBM which is trading higher after reporting earnings after the bell on Tuesday. IBM is far and away the highest priced stock in […]