Archive for the ‘Morning Briefing’ Category
Squawk Morning Briefing: Next Euro Leg Down
When we recorded our Euro video this morning we suggested it might need to go higher in a correction but that taking out yesterday’s swing low would confirm a turn back down. Since recording the video a few minutes ago, both events have occurred with the the Euro spiking to a higher level within the […]
Squawk Morning Briefing: Housekeeping
We’ll only cover a few housekeeping items in our introduction today and leave the market commentary for the video briefings. David is filling in for Kevin today and, therefore, the YM and Treasury commentary is different than usual. YM and DJIA are mostly in sync at the moment and the YM commentary builds on the […]
Squawk Morning Briefing: Fear of Commitment
We have a relatively long video covering the DJIA today. Yesterday’s action required adjustment to a few of the counts so we took the time to go back and review the broader situation since February and discuss how all the current counts fit together. The overall view is that the market is keeping its options […]
Squawk Morning Briefing: Shifting Focus Abroad
With last week’s domestic economic reports out of the way, the docket is relatively light for this week. However, there will be plenty of economic reports coming from overseas as well as central bank rate announcements. The markets we’re watching are still waiting to telegraph primary direction. As we wait, we’re likely to pay more […]
Squawk Morning Briefing: Feel the Build
The BLS Nonfarm Payroll report due out this morning is always an important report but it seems the media has created significant hype around it this month. Perhaps it’s because of many of the weak jobless claims reports throughout may or the many weak manufacturing reports received recently or even the surprisingly poor ADP report […]
Squawk Morning Briefing: Step Aside
It is not always the case that when our wave counts are indecisive then the markets are, too. But that seems to be the case now with multiple possible scenarios and the DJIA up over 100 points one day and down well over 200 the next. Our analysis continues to tell us that we don’t […]
Squawk Morning Briefing: Contradictions
By the time you read this briefing, it is likely that the monthly ADP report will be released setting expectations for the May Nonfarm Payroll numbers released on Friday. Traders who pay attention knew these numbers were coming since they occur the same time each month. Furthermore, expectations may be for a weak number since […]
Squawk Morning Briefing: Sell in May; Buy in June?
U. S. equity indices remain below their early May highs, giving credibility to historical market wisdom which suggests, “sell in May.” However, those who are tracking our analysis know that we’re not convinced that a top is in and remain open to the notion of a new recovery high before a sustained turn lower. If […]
Squawk Morning Briefing: Have a Great Holiday Weekend
Markets will be closed on Monday so our next briefing will be on Tuesday morning. Trading is likely to be light on Friday and therefore may be unpredictable. So we won’t have any comments other than our daily briefings on specific markets below.
Squawk Morning Briefing: News Matters Again
This morning we expect to receive a first revision to first quarter GDP numbers as well as weekly jobless claim figures. Continuing with our view that news events tend to push markets into the direction of the wave count they are following, we will see if the reaction to the news reveals the current direction. […]