Archive for the ‘Morning Briefing’ Category
Squawk Morning Briefing: Back to Work
After a three-day weekend we prepare for another trading day with patterns in the markets pretty much the same as how we left them. Friday’s continued advance in U. S. equities took the S&P 500 further above 2012 highs but left the DJIA below them. On an adjusted continuous contract basis the Dow […]
Squawk Morning Briefing: Will DJIA Follow SPX?
The S&P 500 took out its 2012 high on Thursday? Is the DJIA on track to follow in its footsteps? What does it mean for the broader directions. Today’s videos dig into those questions.
Squawk Morning Briefing: The Grind
Recently we haven’t stopped talking about it: the grind higher in choppy overbought conditions. Remember, this sort of market can grind higher for longer than anyone imagines, yet when it breaks down, it tends to go down hard. The challenge is not to be fooled by each and every swift decline but to […]
Squawk Morning Briefing: Overbought and Running Out of Gas
The short-term overbought conditions which began to develop with the bounce at the beginning of the year are still with us. Meanwhile, moves upward appear to have less strength. This sets the stage for at lease a pullback if not a more dramatic decline. That doesn’t mean that U. S. equities can’t […]
Squawk Morning Briefing: Likely More of This
Patterns suggested that we would see a new high in the move up from November lows and that’s what we saw on Thursday. Now we need to figure out how much further it will go. Yesterday we also posed the question of whether the September / October highs would be next. Last […]
Squawk Morning Briefing: How Many New Highs?
It is looking more and more likely that the rise from November, 2012 remains incomplete in line with the scenarios discussed in yesterday’s briefing. Now the question remains whether the rise from 2009 lows is also incomplete. We know what to look for and now we just need to see how things play […]
Squawk Morning Briefing: Still Overbought
On some charts U. S. equity markets are still short-term overbought despite two days of consolidation/pullback. Of course that doesn’t mean we have to have longer consolidation or larger pullback, but it is something to watch for. The real question is whether the move down from last week’s high is corrective or impulsive […]
Squawk Morning Briefing: Earnings Season Begins
Earnings season begins today when AA reports after the bell. Over the next few weeks we’ll see many of the companies that make up the blue chip equity indices reporting results and the wave structure is telling us that this could be an important even in determining the broader trend.
We continue to be at […]
Squawk Morning Briefing: Filling In
Kevin is out this morning and David is filling in for the YM and Bond videos. The patterns in DJIA cash and futures are pretty similar at this point so the YM video is relatively brief, only covering a few overnight elements that might provide some clues.
For this morning’s update on treasuries we step […]
Squawk Morning Briefing: Regrouping
Yesterday we suggested, “…it’s pretty simple, bears make a stand nearby or they’ll likely need to regroup somewhere else before their next real push and it could be significantly higher.” In the case of the DJIA, it persisted above the Treeline much longer than we would have liked to continue to endorse the bearish […]