Archive for the ‘Morning Briefing’ Category
Squawk Morning Briefing: Occupy ISPs
An ISP problem has created some delays in posting today’s briefing so we’ll get right to the videos this morning without further commentary. No, we don’t think it’s the work of the Occupy movement, but we wouldn’t put it past them.
Squawk Morning Briefing: Swine Flu
The economic illness which has stricken the so called PIIGS continues to to weaken the rest of the continent and is starting to impact results in Asia as well as troubling markets here in the U. S. Our wave analysis continues to suggest that it s most likely a matter of “when” things begin to […]
Squawk Morning Briefing: Shake It!
Overnight strength in the Euro created a pattern that suggested it might have more upward corrective activity ahead. In the few minutes since the Euro video was recorded, the fx markets have done what they’ve needed to keep the immediate bearish count alive.
Meanwhile, overnight strength in the YM can be seen as […]
Squawk Morning Briefing: Euro Rate Cut Doesn’t Cut Euro
The ECB cut rates by 0.25% making it cheaper to acquire Euros. The market didn’t seem to agree, choosing to hold Euro more dearly versus the U. S. Dollar. This sets the stage for some delay in the eventual Euro decline we’re expecting as outlined in our currency video this morning.
There […]
Squawk Morning Briefing: Shock and Awe or Shucks and Awwww
Everyone already knew the stakes were high for the Eurozone summit this week, and even the ECB rate decision is being viewed with extra importance this month. We’re not going to wade into the discussion of what they will do; others are playing that parlor game and one can find well-reasoned (and not so well-reasoned) […]
Squawk Morning Briefing: FibGrid in Play
As we prepare to publish, the Euro has weakened further dipping below the trendline and FibGrid Skyline we identified as important levels. Establishing resistance and staying below these levels will bolster the idea that the Euro has resumed its decline.
Meanwhile, Dow futures are approaching a fireline that will be an area to watch. At the […]
Squawk Morning Briefing: What’s Up (or Down) in Euro-Land?
Attention is still likely to remain over in the Euro zone this week and the story line is that officials are working to save the continent’s financial system. That suggests there is a lot riding on the outcome of multilateral talks as well as a scheduled monthly ECB announcement later in the week.
As of this […]
Squawk Morning Briefing: Jobs and Clarity
There is still little clarity on the short-term picture. Perhaps the jobs report will push markets enough one way or the other that things clear up. But while many competing ideas are all still plausible, it is best to wait before committing to a direction.
Squawk Morning Briefing: Two Counts
We have somewhat different analysis today in the YM and DJIA charts. Price action will dictate which one ultimately prevails. The 1-2, 1-2 count preferred in the YM will also work for the DJIA and it would be yet one more example of where we had a very deep second wave correction. The sell-off in […]
Squawk DJIA Briefing for 12/1/2011
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.