Archive for the ‘Morning Briefing’ Category
Squawk Morning Briefing: The CAT Came Back?
CAT has been an extremely strong stock lately. In fact, since late June it has been persistently above the very upper FibGrid fire line at 103.25 based on the values we distribute with FibGrid Stock Update. After earnings this morning, CAT has come down as low as 104.09 in pre-market trading as of this […]
Squawk Morning Briefing: Unraveling The Mess
There are plenty of messes out there. We’ve got political messes both in the U. S. and in Europe. In fact, news out of Europe seems to have knocked the Euro relative to the U. S. Dollar overnight. But that doesn’t resolve the mess in the markets where the Euro is still in a large […]
Squawk Morning Briefing: Slightly Less Precious Metals
Overnight silver futures continued selling off and gold returned to test Tuesday afternoon lows. Both display the characteristics of an impulsive decline with five waves clearly visible in the silver chart. While it is premature to call a turn down in either metal, there is a strong case to be made that we are seeing […]
Squawk Morning Briefing: IBM Pop
Well-received earnings from IBM have pushed equity futures higher. This fits well with our expectations for a turn higher in equities, but we still need confirmation before declaring that the move has started and won’t begin from lower levels. Updated key levels and signs we’ll look to for confirmation are in today’s videos.
Squawk Morning Briefing: Still Waiting for Range Break
With most markets we track still stuck in the middle of ranges that appear corrective, there is little new to say today, but we update our outlook in our videos and set the stage for what we’ll look for when those ranges are broken.
Squawk Morning Briefing: Wide Chop Range
After a drop at the open on Monday, U. S. equities stayed in a wide range throughout the week. markets were clearly in a negative feedback pattern, where attempted breaks in either direction were met with forceful opposition. Within our Elliott wave framework, this coincides with corrective action and we’re waiting to see how the […]
Squawk Morning Briefing: Break Time
We’re still waiting for the markets to exit chop mode and enter trend mode and it feels like a good time for a break. Kevin will be doing just that, so starting tomorrow David will be filling in through the end of next week. Today’s videos (still from both David and Kevin) update our current […]
Squawk Morning Briefing: Debt’s All Folks
With apologies to Porky Pig, today we start with the observation that debt seems to be moving the markets. Alcoa earnings did little to alter the direction of markets yesterday and saw mostly chop through the morning. The release of FOMC minutes started to move things in the afternoon as some interpreted the Fed’s position […]
Squawk Morning Briefing: Staying on Track
U. S. Equities and the Euro are continuing to trace out moves consistent with the scenarios we’ve been watching so today’s videos update those scenarios and refine them, including new key levels, but no significant changes. Treasuries needed an adjustment based on overnight strength and we address that also, but we continue to look for […]
Squawk Morning Briefing: From Jobs to Earnings to OpEx
Friday’s move was an example of something we talk about frequently. Earnings can move the markets, but usually it is a catalyst for pushing things in whatever direction would be expected or allowed by the current wave structure. In the case of the DJIA, we were looking for a turn down into a wave iv […]