Archive for the ‘Newsletters’ Category
Squawk Morning Briefing: Smells Like Topping Action
The Dow made a new high on Wednesday while virtually every other broad index failed to do the same. The DJIA’s relative outperformance can be traced to IBM’s strength on positive earnings news. Whatever the cause, the wave structure sets up the possibility that the index could make a new high before falling even if […]
Squawk Morning Briefing: Famous Last Words: Euro May be Turning
We have been watching the pattern develop in the Euro and it has been a wild one. We are currently in a range and wave count where we have met the minimum expectations for an upward correction and could be ready for a turn down. However, we still need to see confirmation at levels we […]
Squawk Morning Briefing: The Whites of Their Eyes
It continues to be possible that we’re on the verge of a significant reversal in price and trend. Nevertheless, the short-term patterns. A general rule is that if a pattern isn’t obvious, it’s often not yet over. So we will watch things develop before getting aggressively bearish. Our theory also gives us clear confirmation levels […]
Squawk Morning Briefing:Watching for Wild Moves Ahead
The short term counts in equities and equity futures are ambiguous even though the longer-term counts tell us that we should be topping in this region or slightly higher. While that makes it tough to pinpoint the exact spot of a turn, we see many signs that movements may start to become more wild. This […]
Squawk Morning Briefing: Asian Governments Grease European Wheels
Chinese and Japanese commitments to participate in Eurozone bond auctions has led to relatively well received auctions so far. Who knows how long the relatively high price of palm kernel oil at home will let them lubricate European economies, but for now the intervention is making the Euro trickier to pin down than a greased […]
Squawk Morning Briefing: North-East Traders Snowed In?
The snow is coming down pretty hard here in Massachusetts and perhaps NYC traders might also have some travel challenges today. Whatever the situation, equities seem to want to challenge the prior high and just might get a new one. We address that situation as well as the developing situations in the Euro and in […]
Squawk Morning Briefing: AA Sells on Slight Beat
AA reported a slight earnings beat yesterday and sold in after hours trading on the news. As we’ve said, the reaction is more important than the news itself. However, the overall reaction in the futures has been positive with equity futures receiving quite a boost. Meanwhile, the Japanese government has stepped up to the plate […]
Squawk Morning Briefing: Earnings Season Begins
Friday’s BLS report seems to have been a mixed bag. A sizable number of new jobs were created, but perhaps not quite as many as optimistic traders were anticipating given the much more bullish ADP report from Wednesday. Most of the job growth came from service jobs in areas such as hospitality. These can be […]
Squawk Morning Briefing: Jobs Should Set the Tone
Today we won’t have much general commentary and we’ll get right to our briefings on markets below. The BLS report is out at 8:30 and that should be the big mover — not so much the report itself, but the reaction to it. Look to both the futures reaction at the time and the cash […]
Squawk Morning Briefing: Plenty of News to Digest
Wednesday’s surprisingly bullish ADP numbers seemed to be a follow-on to last weeks surprise improvement in Jobless claims. While this week’s data showed an increase in claims and last week’s figures were revised up slightly, it’s unclear that they support the job strength hinted at by ADP numbers. So with this week’s figures roughly in-line […]