Archive for the ‘Morning Briefing’ Category
Squawk Morning Briefing: Conflicting Signals
The DJIA is refusing to tip its hand one way or the other as to whether a top is in place or not. Meanwhile, futures are down overnight and is allowing for more of a bearish resolution. This is certainly a time to be nimble.
Squawk Morning Briefing: Looking to Start Something?
It didn’t take long on Wednesday for the DJIA to start to demonstrate behavior which begins to look more consistent with impulsive movement to the downside. We already knew in advance that this is what we needed to see to seriously consider the already-topped scenario alongside the corrective scenario. So at this point […]
Squawk Morning Briefing: All Waves Big And Small
Elliott wave patterns unfold in all timeframes. On a very large scale we continue to look for a significant turn down from near this area. On short timeframes we are also looking for a turn downward. It is important to remember that we have two distinct questions we need to consider:
Are we beginning a short-term […]
Squawk Morning Briefing: Still Rangebound
The DJIA has been stuck in the same trading range for over a week now and leads to some relatively dull markets. While things may start moving once the range is broken, keep in mind that if a fourth wave unfolds as described by our primary count then we may see prices come slightly […]
Squawk Morning Briefing: Quarter End
Now that we’re finished with quarterly options expiration we’re now faced with the last week of trading for the third quarter of 2012. Much has been made of a perceived tendency for funds to mark up their holdings as this period ends and seasonal tendencies seem to support the idea that we could see […]
Squawk Morning Briefing: Anything Can Happen Day
Nothing has changed with respect to the long-term picture. However, in the short-term anything can happen today going into options expiration. Early strength in the futures could disappear at the open as an ongoing correction continues, or we could continue up to complete a fifth wave which we have been anticipating. One […]
Squawk Morning Briefing: Expiration Effects Take Control
We are now in the home stretch of quarterly expiration week. These significant expiration events often lead to the sort of sideways action that we’ve seen the past few days and it suggests that we’re likely to continue to experience through Friday. If you walk through the logic of how significant open interest […]
Squawk Morning Briefing: Another Fix
Last night the BOJ came in to juice the world economy with another fix of QE liquidity. U. S. Equity futures reacted with a spike but have given much of it back as of 8:00 EDT. If nothing changes then we’re set to open not too far away from Tuesday’s close and, therefore, […]
Squawk Morning Briefing: Will The Pattern Repeat?
The patterns of five-wave moves in the direction of trend and three-wave moves against the trend as described by R. N. Elliott continue to repeat in the market. It is hard to argue that the overall trend since 2009 has been up, but the overall impression is of a three-wave move implying a corrective […]
Squawk Morning Briefing: Wait for It
We are once again in a position where U. S. equities could turn down and be consistent with the wave count but they could continue higher. That means we need to wait and see some evidence that the turn is likely to continue as discussed in our videos.
Meanwhile, it looks like the Euro has […]