Archive for the ‘Morning Briefing’ Category
Squawk Morning Briefing: Short Day
Markets tend to have a positive bias into the Independence Day holiday so we might expect some upside. However, volume pretty much dried up on Monday even before Tuesday’s shortened session. Whether we are positive or negative, we may not see dramatic moves upward or downward. Instead, the any drama might be […]
Squawk Morning Briefing: Short-Term Uncertainty
Our DJIA video mentions the possibility that a corrective wave 2 ended on June 19th and that Friday’s rally was merely a deep corrective retest of that area. This has been our count for some time up until Friday but just because it remains possible doesn’t mean that it is probable. Prices […]
Squawk Morning Briefing: David Filling In
Kevin is out today and David is filling in. We have combined the DJIA and YM videos into one as we usually do on occasions like this. Kevin will return on Monday.
Squawk Morning Briefing: Something Ended
Early morning selling in sympathy with European markets reinforces the idea presented in last evening’s DJIA briefing — something likely ended at yesterday’s high in U. S. equity markets. It remains possible that it was a complete second wave correction and prices are headed to new lows. However, it also remains possible that […]
Squawk Morning Briefing: Watching Grid Levels
We have another day where the short-term picture has failed to clarify. Keeping track of FibGrid levels can help us track where we are until we can identify a likely wave count. FibGrid levels have their origin in Elliott waves and by choosing to stay firmly above or below a particular support/resistance […]
Squawk Morning Briefing: Staying on Our Toes
We continue to track the idea that many markets saw an important turn last week. Evidence supports this idea even though it remains unconfirmed and the wave count subsequent to a possible turn isn’t yet clear. As we discuss in our videos, the situation suggests that counter-trend moves which remain corrective […]
Squawk Morning Briefing: Contemplating a Slide
If you’ve ever ridden those twisty water slides then perhaps you’ve had that experience where, after climbing the many stairs and preparing to ride down you survey the course. From the vantage point of the high platform you can scan the various twists and turns and anticipate what the course might look like […]
Squawk Morning Briefing: Looking Down
Thursday’s action gave us the indications we were looking for to set our sights squarely downward and it is doing so in seemingly impulsive fashion. The next major confirmation will be to see a completed five-wave move to the downside and have to continue to have bounces appear as corrections.
Squawk Morning Briefing: Plot Twist
Those who anticipated that the FOMC would do very little suggested they might wait before additional stimulus or, if they felt they needed to show some action, might announce a modest expansion of “operation twist.” Others thought that this might be the last chance to take significant action before Fall elections based on […]
Squawk Morning Briefing: Have We Forgotten Yet?
Do you remember Friday June 1, 2012? That was the day we received the news that Non-farm Payrolls expanded by only 69,000 jobs in May, far short of the 150,000 many were anticipating. Furthermore, the April number was revised down by nearly 40,000. Markets sold off hard on the news and continued […]