Archive for the ‘Morning Briefing’ Category
Squawk Morning Briefing: Post-Holdiday Trading
A big pop on Wednesday erased Tuesday’s losses. Futures are down significantly this morning ahead of yet another reversal. Wild moves on low liquidity are not uncommon around holidays. They are also typical of corrective activity. Note that while it may be a coincidence that these occur together, the coincidence seems to be reliable. For […]
Squawk Morning Briefing: Pre-Holiday Trading
It seems like we’ve been getting some wild news events driving the markets around Thanksgiving the past few years and this year seems no different.
NOTE: U.S. Equity markets will be closed on Thursday and we will not publish a Thursday briefing. Some markets are open on Friday, some are closed, and some have a […]
Squawk Morning Briefing: High Risk
In all the markets we cover there are multiple possible counts to consider that create high risk when considering trades. We lay out the criteria we’ll be watching to try and discriminate between scenarios as we watch action unfold and look for lower risk trades. In our Dow update we also show a trade from […]
Squawk Morning Briefing: Wild Swings Overnight
Markets had some wild swings overnight with Equity futures and the Euro opening solidly up and pressing gains through most of the evening. After an early morning peak, declines accelerated through the morning with solidly lower being the impression about an hour before the New York equity market cash open. Volatility gives us some waves […]
Squawk Morning Briefing: Continuing to Measure Bounces
Yesterday we suggested that the extent of any bounce would give us a better indication of where we are. Weakness overnight in equity futures and weakness in the Euro following another swing high is not enough to conclude that this move up is over so we’ll continue to see how high we can go as […]
Squawk Morning Briefing: When We See Bounce We Wonder How High
Yesterday we suggested a bounce might be due and now we’re starting to see it. In the case of the Euro we believe it’s a counter trend move and the extent of the rise could help us get a better handle on the wave count in what we believe is the start of a decline. […]
Squawk Morning Briefing: Near End of Leg Down?
Economic data out at 8:30 EST may shape the direction of futures prior to the open. While that may impact our very short-term direction, we see possibilities of short-term lows near current levels in both equities and the Euro. This would need to be confirmed by price action, but the potential exists and it creates […]
Squawk Morning Briefing: Setiment Change?
Despite the DJIA being up a little over 9 points on Monday, we saw an interesting indication of change in sentiment: the morning pop was sold into the close. It also came at key levels as we’ll see in our video briefing. We still don’t have a confirmed turn in the DJIA but […]
Squawk Morning Briefing: Bounce Time?
Friday saw continued weakness and that has us considering the possibility that we have seen a completed five-wave move in several markets. If so, that would mean that we are due for a larger retracement in the decline from the highs. We cover the details below. For now we’re waiting to see if we get […]
Squawk Morning Briefing: As The Euro Turns
The Euro has finally started to show signs that it has turned, we want to see a clear five waves down to confirm. U. S. Equities still need to move more to the downside to begin showing similar signals so we’ll continue to closely watch for the indications we lay out in our briefing today.