Archive for the ‘Morning Briefing’ Category
Squawk Morning Briefing: Plausible Bounce Potential
We can count five waves down in both the DJIA and the Dow Futures. That doesn’t mean that the move won’t continue further, but it is a warning that we may be starting a move upward. If so, then we start to address the question of whether or not we are heading […]
Squawk Morning Briefing: Considering Currencies
Strictly speaking, there are limits to how correlated U. S. equities are with the Euro / U. S. Dollar exchange rate. The clearest example of this is that back in July equities were already in the process of recovering from a correction off their highs yet the Euro was making multi-year lows. […]
Squaw Morning Briefing: Bounce Will Tell The Story
Once five waves down complete and we get our first bounce we’ll be able to tell whether the trend has turned down or not. It is possible that we’re preparing for that bounce now; we can count five waves down into the FibGrid treeline in the Dow futures. It is also possible in the […]
Squawk Morning Briefing: Caution Recommended — Still
Everything we see continues to suggest topping action in U. S. equities. Nevertheless, we discuss two observations in our videos that impact our outlook:
It appears likely that the high isn’t yet in.
The next short-term trend may be down.
So while we are waiting for a clear trend to assert itself, we need to be aware that […]
Squawk Morning Briefing: Earnings Again
Once again, earnings season is upon us with AA scheduled to report on Tuesday after the bell. Company reports could be a catalyst to drive prices out of the recent range. Today’s videos have our updated view on where we see things going.
Squawk Morning Briefing: Flight Delayed
A few years back a 70s pop star was on the radio talking about what it was like to still be touring and performing. He said, to paraphrase, that he wasn’t being paid to perform but rather to wait around in airports. Likewise, it is said that traders are paid to wait. […]
Squawk Morning Briefing: Will A Romney Rally Last?
We’re not taking sides in the upcoming U. S. Presidential contest but one doesn’t need to take be partisan to recognize the market realities. The market believes that Romney is good for business and Obama is not. So it shouldn’t be a shock that as Wednesday night’s debate appeared to be coming to […]
Squawk Morning Briefing: Anticipating Chop
Tuesday’s action should have rewarded those who adopted our cautious stance. We noted that it was difficult to discern the short-term direction with the possibility that we could be heading either up or down. A decent opening bounce was met with both buying and selling, so it is possible to conclude that we […]
Squawk Morning Briefing: Today Could Go Either Way
As we noted in our DJIA Video, there are several short-term scenarios which could be playing out. Higher trade in the futures overnight boosts the odds of the view that we might be heading up. If so, we’ll want to watch to see if the index can complete a five-wave climb to a […]
Squawk Morning Briefing: Increasingly Bad News
Last Thursday saw some weak economic news which we haven’t yet commented on. Most notably, “final” second quarter GDP came in at an annualized rate of 1.3%. That marks a significant drop from the advance figure of 1.7% and is much less than the 2.0% reading for the first quarter. There wasn’t […]