Archive for the ‘Newsletters’ Category
Sqawk Morning Briefing: ADP Moves Pre-Market
A much higher than expected ADP report has moved markets this morning and has erased much of the losses seen by equity futures. While the report came out after our videos were already recorded, we had already tempered our bearish enthusiasm and presented the case that markets need to prove themselves in either direction. That […]
Squawk Morning Briefing: New Year Fireworks
New Year’s Eve has many traditions: fireworks, the ball dropping in Times Square, and more. Our first trading day of the year saw some fireworks and no signs yet of anything dropping. So we’re still waiting to see if the bulls will fumble the ball. Until they do, they’re still in control. Today we’re […]
Squawk Morning Briefing: Markets Still Partying Into 2011
Morning equity futures are telling us that we’re not ready to go down quite yet. This is consistent with action on Friday that had prices turn upward prior to taking out our confirmation levels and provided a possible early warning. Short-term, our confirmation levels remain the same but our wave counts have now been updated […]
Squawk Morning Briefing: Big Hangover for 2011?
People don’t feel like they’re buying the high, even when they are. It’s much the same as that bottle of cognac that follows the champagne on New Year’s Eve; it doesn’t feel like too much at the time. Either way, the communal joy eventually turns to misery, at least for a time. We have no […]
Squawk Morning Briefing: Ring Out The New (High)
For those of us counting Elliott waves it seems that 2010 has been the year of “one more new high” where the continued advance has always seemed like an additional push higher was needed to complete the wave count before a turn. We are at the point where a few additional pushes higher would fit, […]
Squawk Morning Briefing: When Analysts Say “I Don’t Know”
The Dow Industrials and their futures continue to mike a series of very modes new highs. We suggested this was the most likely course, and it looks like the series of modest new highs is not yet over and we lay out the case for this in our detailed briefing on the DJIA and […]
Squawk Morning Briefing: Continuing Our Call
We continue to see the need of a new high. On Monday the DJIA gapped down and ran to just above the levels we cited as necessary to have us looking downward without a new high. As long as those levels stay intact, we’re going to continue looking upward. Not too far upward; once this […]
Squawk Morning Briefing: Another Week of Holiday Trading
We got the new high that we were looking for on Thursday, and also got a downward correction as well. We are allowing for that new high to be the end of a move up, but the best count has the upward move still incomplete and still requiring another new high. Therefore, we […]
Squawk Morning Briefing: Big News on Slow Day
The news schedule is pretty full this morning, especially in light of the fact that today is the last trading day before a holiday weekend. Jobless claims, durable goods orders, and personal income figures are all scheduled for 8:30 EST. Consumer sentiment is due at 9:55 and new home sales at 10:00. […]
Squawk Morning Briefing: Another New High On The Way?
We had a few technical glitches this morning along with some other issues that delayed this briefing. So we’ll get you right to the video updates without writing much here.
NOTE: U.S. Equity markets will be closed on Friday and we will not publish a Friday briefing.