Archive for the ‘Morning Briefing’ Category
Squawk Morning Briefing: Continuing Our Call
We continue to see the need of a new high. On Monday the DJIA gapped down and ran to just above the levels we cited as necessary to have us looking downward without a new high. As long as those levels stay intact, we’re going to continue looking upward. Not too far upward; once this […]
Squawk Morning Briefing: Another Week of Holiday Trading
We got the new high that we were looking for on Thursday, and also got a downward correction as well. We are allowing for that new high to be the end of a move up, but the best count has the upward move still incomplete and still requiring another new high. Therefore, we […]
Squawk Morning Briefing: Big News on Slow Day
The news schedule is pretty full this morning, especially in light of the fact that today is the last trading day before a holiday weekend. Jobless claims, durable goods orders, and personal income figures are all scheduled for 8:30 EST. Consumer sentiment is due at 9:55 and new home sales at 10:00. […]
Squawk Morning Briefing: Another New High On The Way?
We had a few technical glitches this morning along with some other issues that delayed this briefing. So we’ll get you right to the video updates without writing much here.
NOTE: U.S. Equity markets will be closed on Friday and we will not publish a Friday briefing.
Squawk Morning Briefing: Pre-Holiday Trading
It’s not uncommon to see trade volume dry up as we head into the holidays. and that can make for some tricky trading. Breakouts to either direction on low volume can be temporary and reverse quickly. However, we could also see a continuation of the current sideways chop. Often consolidation comes before continuation. Such a […]
Squawk Morning Briefing: The Answer Is Blowin’ in the Wind
How many highs must an index make, before you can call it a high? I suppose we’ll see. Choppy consolidation near the highs on expiration Friday could be a triangle or other fourth wave pattern in both the DJIA and the YM. If so, the YM appears to be thrusting up and out of the […]
Squawk Morning Briefing: Still on Top Watch
Thursday’s market moves did little of note with respect to some of the key confirmation and non-confirmation signals that we’ve been looking for. The movements did help us to refine a few possibilities but our videos contain mostly the same message:
We’re either looking for a top to be in or about to be in at […]
Squawk Morning Briefing: Topping Chatter
It seems that everywhere one looks in Elliott Wave circles people are looking for the top to be in for equity markets. Indeed it may be since it has met minimum expectations as we cited a few days ago. Despite minor new highs in the DJIA we continue to have a wave count which support […]
Squawk Morning Briefing: Right or Wrong?
Yesterday we made reference to an earlier video about trading profitably even when a wave count is wrong. You can find it in our September 10th briefing. It may prove useful in the current situation. Yesterday prices continued upward at the open and headed up to the FibGrid 1932 fire line on weakening momentum that […]
Squawk Morning Briefing: Minimum Expectations Met
The push to a new high in equities on Monday has them meeting minimum expectations for a turn, a concept we describe in an article in our learning resources section. This does not mean that the move is over, just that it could be over and it is subject to confirmation or non-confirmation. How one […]