Archive for the ‘Morning Briefing’ Category
Squawk Morning Briefing: What is Topping Action?
We have talked frequently over the past few weeks about “topping action.” Many folks who trade, and especially those who comment on markets like to say that “topping is a process,” and that conveys an important distinction between typical tops and typical bottoms in equity markets. Tops can often be long, drawn-out affairs when […]
Squawk Morning Briefing: Possibilities
Once again U. S. Equities are in a spot where a high could be in but, as we note in our videos, that is very different from the top being in. We have laid out the action we need to see in order to keep this possibility alive and if we don’t see it […]
Squawk Morning Briefing: Trying Something New
We’re finally getting moving on an idea we’ve had for some time: Posting our longer-term charts for reference. We’re trying this out as a pilot project with the DJIA and the charts can be seen on the DJIA Chart Page. Going forward, the link will also be included in the daily briefing.
Since this is a […]
Squawk Morning Briefing
Friday’s move lower ruled out the fourth wave triangle count in the DJIA and other U. S. indices. However, it wasn’t sufficient to rule out the idea that the move down from last week’s high was some other form of correction. The subsequent rise makes the corrective view look more likely.
Eliminating the […]
Squawk Morning Briefing: Home on The Range
U. S. Equities remain range-bound for the week and nothing will happen until the range breaks. It remains possible that it breaks to the downside, but the longer it persists, the greater the potential it resolves up. Even so, there’s a good chance that an upside resolution would just be a […]
Squawk Morning Briefing: Watching Closely
We still seem close to some important action. We’re running a bit late this morning so we’ll defer to the video briefings for all the details.
Squawk Morning Briefing: Any Breakdown Needs Confirmation
With Tuesday looking much like a repeat of Monday there is little new to report: markets could be ready to turn down but we still haven’t had any confirmation. So let’s get right to our videos with the latest on how we’re interpreting the short-term waves and the signs we’re watching for.
Squawk Morning Briefing: The First Test
Markets have done all they need to in order to complete a triple zig-zag, although we still have not yet confirmed a turn. Nevertheless, with a decent overnight move up in the futures, the view that equities might have topped is facing its first big test this morning. Prices need to turn […]
Squawk Morning Brieifng: News Slowdown
We remain in Earnings season and have some important companies reporting this week, but overall the pace of reports from large, index-moving companies is beginning to slow. Likewise, we still have a few economic releases this week, anchored by international trade figures on Thursday, the calendar is light compared with last week. That […]
Squawk Morning Briefing: Market Noncommittal Ahead of BLS
Thursday morning we emphasized the need to make the market commit. Today we can see why this is important. While yesterday’s decline was dramatic, the drop failed to meet the criteria we have established for convincing us that a turn was in place. So even if are mildly surprised at […]