Archive for the ‘Newsletters’ Category
Squawk Morning Briefing: April Expiration Effect
Just to be clear, we have no idea whether or not we’ll get a precipitous decline in equities following April options expiration. We had previously discussed the idea that if it does occur then it would mimic the beginning of the largest decline seen since the 2009 low. While we have seen topping action there […]
Squawk Morning Briefing: Balanced Impact on OPEX
Traders seem disappointed with GOOG earnings after the bell yesterday and sent it down 30 points after hours. Wild moves on earnings seem the norm for this name and 30 points feels tame compared to some other quarters in this heavily-watched name.
Meanwhile, Chinese economic data likely has to be seen as a positive with GDP […]
Squawk Morning Briefing: OPEX Wild Cards
Conventional wisdom has it that traders have generally squared their positions toward the end of options expiration week. While that’s generally true, if unexpected events move the market late in the week then positions everyone had disregarded as about to expire worthless can be in play. In these cases, the effect of options about to […]
Squawk Morning Briefing: One Fallen Leaf…
With a trading room within walking distance of Walden Pond, it is sometimes compelling to ponder Henry David Thoreau. On a day when futures are up nearly 80 points (as of this writing) to reclaim most of Tuesday’s drop, it would seem that the passage is obvious, “…for if one leaf does not make a […]
Squawk Morning Briefing: Topping Action Vs. Top
We continue to see what looks like topping action and it is occurring as the market is extended to the upside giving a good reason to consider a turn. Price movement is particularly difficult to nail down into a definitive wave count right now and this isn’t inconsistent with the idea of a top. However, […]
Squawk Morning Briefing: Earnings Season Begins
Today marks the unofficial start of earnings season with the first DJIA component, Alcoa, reporting Q1 results after the bell. As always, we care less about the earnings than we do about the reaction to them as significant news events tend to be the catalysts which impact the wave structure. Our best interpretation at the […]
Squawk Morning Briefing: Why We Can’t Play Bridge
You can’t win at bridge if you can’t count tricks. However as many tricks as the market seems to be throwing at us lately, we are doing our best to keep up with our counts. However, the critical factor in finding an end to the rise in U. S. equity markets is confirming a fourth […]
Squawk Morning Briefing: He Said She Said
Yesterday we mentioned how the two of us have different views of the equity indices and today we discuss that more in our videos. The Euro also may be putting in a turn and we discuss those scenarios.
Squawk Morning Briefing: Disagreement
The two of us have different views of the equities on their move up from the March swing lows. One view has us already in a fifth wave of the move up and the other is still looking for a fourth wave. It is usually the case that once a move is complete the structure […]
Squawk Morning Briefing: The Long View
Kevin has produced an interesting video on long-term levels for the YM. Of course, we also have our full update on all the markets we cover below.
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