Archive for the ‘Morning Briefing’ Category
Squawk Morning Briefing: A Fork in The Road
We are likely at a critical crossroads for the short-term interpretation of the wave count in U. S. equities as discussed in our DJIA Briefing. Overnight action has us up instead of down, but ahead of option expiration trading that could change before the open. While a gap down isn’t necessary […]
Squawk Morning Briefing: D-Day Approaching
Europe is in control. Major European banks are being crushed and it is taking its toll on stock market averages. All are down more than 1% today as we write. The Euro currency is testing nearby support and whether it holds or breaks may hold the key to determining whether European equities […]
Squawk Morning Briefing: Good Bye, David Elliott
Our market commentary this morning is fully contained in our videos and we will use our commentary today to say good bye to David Elliott who left us yesterday. Many of you found use through David as he was an early supporter of our work. He was a mentor, collaborator, and friend […]
Squawk Morning Briefing: Same Story; Different Direction
It was only a few weeks ago that we were watching markets which stayed stubbornly overbought and developed bearish divergences and we wondered when they would decline. Since then we’ve seen selling enter the market and have developed short-term oversold conditions and we can see some possible bullish divergences. That, along with a […]
Squawk Morning Briefing: When Will The Selling End?
We can make out fives waves down as done or nearly done in several markets. That is, they have met the minimum expectations for a five-wave move as we discussed in this article. However, moves can continue even after minimum expectations have been met; sometimes the additional movement can be significant.
As we’ve mentioned before, […]
Squawk Morning Briefing: Tall Tales and Fat Tails
Much of financial market theory presumes that market returns are normally (actually, log-normally for those being precise, but that’s a different discussion) distributed. In other words, if one draws the familiar bell curve, the returns one can expect cluster near the average with the tails to either side being quite thin representing the fact […]
Squawk Morning Briefing: Many Short-Term Possibilities
There continue to be many short-term possibilities as we sit near lows in oversold conditions. That leaves the situation unclear as to when we will get our first significant bounce in the decline from May 1st. So long as the eventual bounce is corrective and then turns down we will have a good […]
Squawk Morning Briefing: What Is Oversold?
Markets are beginning to show some signs of being oversold in some indicators. Trends in put/call ratios have reached some pretty bearish extremes which often lead to short-term reversals. Other indicators such as averages of the the Advance – Decline line have moved pretty far pretty fast but could certainly go further. […]
Squawk Morning Briefing: Party Like It’s 1999 (or 2009)
U. S. Equities find themselves near support. Our bearish count should see a new low before any bounce, but the most likely scenarios call for a bounces from not too far below current levels (see DJIA video for more details). All of our most likely counts, however, expect the bounce to be in […]
Squawk Morning Briefing: Over There
While Friday’s BLS report weighed on U. S. markets weighed on markets, today it seems to be results of European elections taking their toll. Many markets appear to be showing third wave action that may be indicating a change in trend, but we need to see fourth and fifth waves in order to establish […]