Archive for the ‘Morning Briefing’ Category
Squak Morning Briefing: Will Markets Make Decisions Today?
As U. S. equity markets prepare for their first trades since Friday, our Sunday night video on the DJIA remains the most up-to-date interpretation of the wave structure. The story is the same as it has been since the middle of last week: prices need to break down dramatically from recent levels in order […]
Squawk Morning Briefing: Some Days One Feels Powerless
David’s Electricity has been out all morning leading to an abbreviated look at the Euro this morning and we’ll have abbreviated comments here. The reaction to GDP may end up setting the tone for the day. Our more detailed outlook is in today’s videos.
Squawk Morning Briefing: A Test of Character
There have been down days in the choppy run-up from the June 4th low but many of them have come on overnight moves in the futures with little additional selling in the day session. One sign we’ll expect to see if we are, indeed, in a third wave decline is daytime selling. We are starting […]
Squawk Morning Briefing: Insist on Quality
As we discuss in our DJIA video, it will take more downside to start to confirm that a change in trend has occurred. We can tentatively look at that idea prior to confirmation. If the turn has begun then we will be in some degree of third wave. In order to try […]
Squawk Morning Briefing: Things Might Look Different in The Morning
This morning futures have given up their late day surge from Monday and then some. What looked less likely in our DJIA video Monday night looks more likely this morning. That is, the expanded flat fourth wave possibility may end up being the plan if this move down is merely part of a […]
Squawk Morning Briefing: Not Convincing
No doubt about it: Friday’s sell-off appears impulsive to the downside. Nevertheless, when taken as a whole, the overall pattern of the past few weeks doesn’t convey a larger impulsive move so we need to consider the idea that Friday’s decline may just be an impulse within a larger corrective sequence. The high […]
Squawk Morning Briefing: Which Way Today?
The two earnings reports which will directly effect the DJIA today are MSFT which reported Thursday afternoon and traded down after hours and MCD which just reported and is being sold. While there have been some positive earnings reports this season, many of the stand outs have been to the downside. […]
Squawk Morning Briefing: Who Cares about AAPL and IBM?
Yesterday we talked about the importance of IBM with the DJIA. Despite a significant decline in the overweighted stock, the index managed to eek out a slim gain. The S&P 500, which wasn’t as burdened by the tech bellwether showed a more substantial gain on the day. There are two reasons that IBM didn’t weigh […]
Squawk Morning Briefing: Watch IBM Today
Today isn’t the first time we’ve talked about the importance of IBM when watching the DJIA and it probably won’t be the last. The reason is that the DJIA is a price-weighted index and the higher the price of a stock the more impact it will have on the index. IBM closed at […]
Squawk Morning Briefing: Last Gasps?
We’ve been saying for about a week now that we expected the most likely course for markets to follow would be a five-wave decline. We also have been looking for the down sequence to be approaching an end and Monday we saw the beginning moves of a bounce from oversold conditions. Now […]