Archive for the ‘Newsletters’ Category
Squawk Morning Briefing: Aging Bull Seeks Open Relationship
A dramatic turn down in overnight futures is enough to spark the imagination of would-be equity bears just waiting for a reason to emerge from hibernation. However, as we outlined in our DJIA video, the market continues to keep its options open, in a move that demonstrates unwillingness to commit to either up or down […]
Squawk DJIA Briefing for 1/25/2012
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.
Closed: March 2012 S&P 500 E-Mini Futures
A few minutes ago we sent by email a note that we were further lowering stops on our E-Mini S&P 500 position to 1309.75. Factors influencing the move are as follows:
The decline in the cash S&P 500 index found support this morning at the lower end of a channel. Failure to break the channel is […]
Trade Update: March 2012 S&P 500 E-Mini Futures
An opening drop helps our new short position in the S&P 500. However, this morning’s gap down in the cash index is being reversed and, so far, the overall move from Monday’s high is consistent with a correction. We are going to lower our stop loss from 1318.50 to 1314.25. This level should not be […]
Squawk Morning Briefing: The Breaking Point
Earnings on DJIA stocks seem to be a mixed bag this morning and reaction relatively muted. Matched up with futures that have continued a sell-off overnight, and that leaves us with an anticipated opening print that is near a breaking point. In order to suggest that a sell-off has begun prices would need to continue […]
Trade Update: March 2012 S&P 500 E-Mini Futures
In the after-hours session the model portfolio was stopped into a short in the March S&P 500 E-Mini Futures. The stop loss level remains at 1318.50. While the conditions in the U. S. equity markets remain ripe for a decline and our entry levels increase the likelihood that a decline might continue, it would […]
Squawk DJIA Briefing for 1/24/2012
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.
Trade Update: March 2012 S&P E-Mini Futures
We are still looking to establish a new short position in the March S&P 500 E-Mini Futures. We are moving our sell stop up from 1303.00 to 1306.75. If it is triggered then we will still place our buy stop loss order at 1318.50. If trade climbs above 1318.50 […]
Squawk Morning Briefing: No, The Trick’s on You
As we discuss in the DJIA video, U. S. equities are near a place where they must turn down in order to keep the bearish view alive. Many factors still suggest that this is the likely outcome based on Elliott wave analysis. Meanwhile, the push ever closer to new highs is an indication that many […]
Squawk DJIA Briefing for 1/23/2012
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.