Archive for the ‘Morning Briefing’ Category
Squawk Morning Briefing: Oversold?
While the wave count is our primary tool to assess market direction, we have commented recently on how markets have been stretched to the upside. These are the sorts of ancillary indications we use to support the wave analysis and see that markets may be ripe for a turn. This week’s decline over several days […]
Squawk Morning Briefing: Patterns in Snow
Today’s DJIA and Euro briefings contain similar theme. In both we want to see breaks of certain levels to enhance the likelihood of an important change in trend; coincidentally, both levels happen to be right at FibGrid snow lines. The collection of tools in our Elliott wave framework give us three ways to identify changes […]
Squawk DJIA Briefing for 4/4/2012
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.
Squawk Morning Briefing: T.S. Eliot Waves
APRIL is the cruellest month, breeding
Lilacs out of the dead land, mixing
Memory and desire, stirring
Dull roots with spring rain.
– T.S. Eliot
Perhaps April is cruel, but it generally tends to have positive seasonality, although not as consistently as other times of the year. When the month starts out pushing to new 52 week highs the month […]
Squawk Morning Briefing: Over There
As we kick off the new quarter, markets in Europe seem to be taking the forefront along with economic data from the region. It seems only last week there was enthusiasm at the drastic budget cuts in Spain. Perhaps today those same budget cuts are being seen with more of a skeptical eye. […]
Squawk Morning Briefing: Fresh Start
Today marks the last day for funds to position the way they want for their quarterly reports before they start fresh on Monday. In addition to the possibility of some churning, dramatic moves and reversals the past few days increase the chance that they might want to alter some positions. Usually […]
Squawk Morning Briefing: Calling A Day
We saw the seasonal weakness come into markets as we discussed. When provided with enough clues one can often make a well educated guess about the general trend of the day, especially when one of those clues is significant movement in the futures from the prior day’s close. Factor in overbought or oversold […]
Squawk Morning Briefing: Leading Indicators
Keep in mind that the stock market is a leading indicator of economic activity and not the other way around as many investors presume. Economists have known this for some time and prices of the S&P 500 are included in the official leading economic indicators statistic. Therefore, we would expect to see declines […]
Squawk Morning Briefing: Quarter End
We are heading into the end of first quarter trading at the end of the week. There can be plenty of games with both markups and profit taking to lock in gains. In this configuration, Wednesday often has a solidly negative bias within an overall positive bias into the end of quarter. […]
Squawk Morning Briefing: Bernanke Bounce
Futures were already up this morning before comments out of Fed Chairman Bernanke goosed them even further. This remains a tricky spot and we want to look for confirmation of any significant trend moves.