Archive for the ‘Newsletters’ Category
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 […]
Squawk Morning Briefing: Welcome Back My Friends to the Show that Never Ends
U. S. Equities put in another new high on Tuesday and although peaks continue to arrive on what appears to be lower momentum with lots of divergence, there still isn’t clear evidence that a top is in. Therefore, we’ll continue to wait for the scenario to play out as we outline in today’s video briefings.
Squawk Morning Briefing: Another New Day; Another New High
We don’t know that today will bring another new high, but lately that has been the pattern. And even though the continued grind upward remains tiresome, the upward pattern still appears incomplete as we discuss in our video briefings today. The Euro looks to have already turned and should continue downward after it completes an […]
Squawk Morning Briefing: Another New High?
Equity futures seem poised to generate a gap up at the open. That combined with incomplete upward counts has us looking for continued new highs. Nevertheless, we continue to see a move that is in it’s latter stages, even though it may continue to stagger upwards. The Dollar looks poised for a string of new […]
Squawk Morning Briefing: Singing the BLS
All the markets we follow are in precarious spots where they could break one direction or the other. Perhaps today’s BLS Nonfarm Payroll report will push things one direction or the other. Alternatively it could be the push to finish a move before reversal. Whatever happens, the report has a way of creating wild moves […]