Archive for the ‘Morning Briefing’ Category
Squawk Morning Briefing: Stalking a Turn
Our preferred view for U. S. equities suggests that there is at least some more upside needed to complete a wave 2 correction as a double zig-zag. Nevertheless, that same preferred view still anticipates that the move will end as a correction and that markets will eventually turn back down. Therefore, our […]
Squawk Morning Briefing: Mostly Positive Earnings
This morning saw a pretty extensive earnings slate and they were mostly positive. Dow component JNJ seemed to disappoint but otherwise reports from most of the anticipated reports from large companies seem to be well received. This is helping to keep futures up following a bounce which began early in Asian trade […]
Squawk Morning Briefing: Saved for Now
U. S. Equity markets were saved by bouncing almost the exact spot they needed to last week. But that is why we require a break of important levels as a signal. At the same time, the bounce has not been sufficient to break our upside levels and signal a likely new […]
Squawk Morning Briefing: Same Song; Different Verse
It may be Friday the 13th but it feels a bit more like the movie Groundhog Day where we are forced to endure the same day again and again. In case you have already forgotten, this is what we had to say yesterday morning:
U. S. equity markets extended losses on Wednesday and reached even […]
Squawk Morning Briefing: Forcing a Decision
U. S. equity markets extended losses on Wednesday and reached even closer to the decision points we have been watching to determine whether a turn down has begun from last week’s highs or whether we will see higher highs first. However, this is not a situation where the odds of decline increase the closer […]
Squawk Morning Briefing: Staying Calm
It is easy to get wrapped up in the minute to minute buying and selling in the markets. These quick moves can create good opportunities if short-term is your style. Otherwise, extreme intraday moves can set up good entries for longer-term plays, but only if one has confidence in the long-term direction. […]
Squawk Morning Briefing: Waiting for Signs
We continue to view the move up from June 4th as likely corrective. The most important question at the moment is whether that correction is complete or not. We have suggested since last week that it might be done but that other patterns exist which could have prices heading yet higher in a […]
Squawk Morning Briefing: From Employment to Earnings
A few weeks ago we laid out the landscape of upcoming economic scheduled news and pointed out as soon as we get the employment situation from June we transition into Earnings season. As usual, Alcoa kicks things off this week and then things pick up as we get into the back half of […]
Squawk Morning Briefing: What a Difference a Month Makes
The mood was quite different in early June as we were waiting for the BLS report for May: stocks had been in a month-long slide; investors were getting nervous; and we were looking for the end to an impulsive-looking decline with our eyes focused on the FibGrid DJIA fire line. The report was a […]
Squawk Morning Briefing: Negative Bias?
Before the Independence Day holiday we talked about the positive bias. From SetnimenTrader.com we learn that when markets are up for three straight days going into the July 4th break, the day after is almost always negative. With a small sample size it’s asking a lot to believe that this statistic is useful […]