Archive for the ‘Morning Briefing’ Category
Squawk Morning Briefing: The CAT Came Back
Both CAT and MMM continue pushing upwards with some emphasis this morning on earnings. CATs prospects are probably not hurt by a durable goods number this morning that came in ahead of forecast. As we are writing, this is sufficient to overwhelm jobless claims that merely came in slightly worse than anticipated and has […]
Squawk Morning Briefing: Aging Bull Seeks Open Relationship
A dramatic turn down in overnight futures is enough to spark the imagination of would-be equity bears just waiting for a reason to emerge from hibernation. However, as we outlined in our DJIA video, the market continues to keep its options open, in a move that demonstrates unwillingness to commit to either up or down […]
Squawk Morning Briefing: The Breaking Point
Earnings on DJIA stocks seem to be a mixed bag this morning and reaction relatively muted. Matched up with futures that have continued a sell-off overnight, and that leaves us with an anticipated opening print that is near a breaking point. In order to suggest that a sell-off has begun prices would need to continue […]
Squawk Morning Briefing: No, The Trick’s on You
As we discuss in the DJIA video, U. S. equities are near a place where they must turn down in order to keep the bearish view alive. Many factors still suggest that this is the likely outcome based on Elliott wave analysis. Meanwhile, the push ever closer to new highs is an indication that many […]
Squawk Morning Briefing: Plenty to Watch
There is plenty to watch on the open this morning. There is often some craziness at the open on every options expiration since the first print establishes the settlement price for most index options. Added to that the volatility induced from big earnings movers that weigh heavily on indices that we mentioned […]
Squawk Morning Briefing: Divergences Galore
U. S. equities continued their march higher on Wednesday. However, it is interesting to note that as prices continued to close higher above their October 27th levels the number of stocks making new highs is decreasing. This is evidence of lack of leadership in the rally and warns that it may not continue. […]
Squawk Morning Briefing: High Alert
We continue to be on high alert for indications that a top is in place, either at Tuesday’s high or from modestly higher levels.
Squawk Morning Briefing: Sticky Tops
Equity markets seem to be unable to let go of the idea of new highs despite waning momentum at these levels. that leaves conditions still ripe for a reversal but lacking an actual turn. Details are in the video briefings and we remain patient here as we watch for signs of […]
Squawk Morning Briefing: Do Too Many Witches Spoil The Brew?
The pattern in the Euro suggests that the currency is poised to make at least one more new low vs. the U. S. Dollar. We are also looking for a turn down in U. S. equities but so far have yet to see evidence that the turn is imminent. Many observations support the idea that […]
Squawk Morning Briefing: Top of Range
U. S. Equity indices remain near the top of a corrective range and appear to be losing momentum. However, any confirmation of a turn still requires some evidence of downward momentum. While there continue to be many reasons to suspect that the turn could be near (in terms of both price and time) we have […]