Archive for the ‘Morning Briefing’ Category
Squawk Morning Briefing: Equity Weakness Continues
U. S. Equities continued to slide on Wednesday and early morning futures suggest that move will continue through Thursday’s open unless 8:30 news reports drastically change the outlook. At some point we should get a bounce that fails to make a new high and then another leg down, and possibly much more.
Once the first significant […]
Squawk Morning Briefing: Disecting The Drop
The big drop in equities on Tuesday conforms to our expectations for a drop in the DJIA and it came from right by the target area which has been on our chart for months. Our YM video today also discusses how other equity indices are also ripe for a turn. However, moves have yet to […]
Squawk Morning Briefing: A Post-Expiration Tuesday
Equity futures have retaken some of of their losses since Friday’s close but continue to signal a likely gap down on the open. The extremes overnight in the YM were not enough to confirm a turn and the gap is unlikely to reach confirmation levels in the DJIA so we’re likely still waiting to call […]
Squawk Morning Briefing: Euro Pop Raises Questions
There are counts which allow for the DJIA to roll over from near current levels, but they are far from obvious and there are at least as many options that allow for the move higher to continue. Higher also looks like the most likely course in the YM and one is unlikely to turn without […]
Squawk Morning Briefing: Slow Grind Higher Continues
What more is there to say about equities, other than the slow grind is continuing, and may do so until we get a down move that takes out confirmation levels? Nevertheless, the move is stretched and once we get a turn, the wave count suggests we will see a decent down move.
Currencies still seem like […]
Squawk Morning Briefing: Trouble Letting Go
Tuesday’s sell-off in equities was not enough to take out even our nearest confirmation levels and that was the market’s way of saying that it reserves the right to challenge the highs. The move down was also not a convincing impulse move and that puts us on notice that we need to allow for […]
Squawk Morning Briefing: Same Song Different Verse
The Euro continues to look like it has turned and U. S. equities continue to look ripe for a turn. However, we need to allow for the equities to continue to grind higher until they fall below confirmation levels. This has remained the current situation for some time. We have possible upside targets and updated […]
Squawk Morning Briefing: Key Ingredient for a Top
We are running out of new ways to describe the situation in U. S. equities. Conditions remain ripe for a top, but that condition has persisted for a long time. What remains necessary to take a bearish stance is to see selling that takes prices below confirmation levels and which show five-wave movements downward.
The euro […]
Squawk Morning Briefing: Still a Waiting Game
In our equities videos today we talk about the lack of a compelling move down from Wednesday’s high. Despite weakness in overnight futures, we would like to see a clearer wave structure down from the high before looking for a turn, or even a protracted correction. We can construct counts that ill allow prices to […]
Squawk Morning Briefing: When Will I Be Unloved
When a top in U. S. equities is finally struck it will be from a new high off the March, 2009 lows. In that regard, and in regards to the wave count and our technical indicators, Wednesday’s high could be the top. We continue to see the new high struck on flagging momentum on multiple […]