Archive for the ‘Newsletters’ Category
Squawk Morning Briefing: Wilderness
The DJIA broke above its April high on Thursday. The S&P 500 looked like it had more room before it did the same thing, but it also accomplished the same feat. That means that primary wave (3) down did not begin in the equities in April and we need to see chart action unfold a […]
Squawk Morning Briefing: New Highs Make New Highs
The Euro broke to new highs overnight and the move doesn’t yet seem complete. More significantly is that futures are suggesting that the DJIA will gap above April highs on the open. That opens the door to additional upside for equities and doesn’t immediately give us guidance for where the movement might end, although there […]
Squawk Morning Briefing: After the Election
The election is over. Now we can look forward to a Fed announcement this afternoon and labor report week activities for the rest of the week, beginning with the ADP report this morning. There are a number of things that could move the market. But until they do, we still see chop and indecision and […]
Squawk Morning Briefing: Will Markets Make Decisions on Election Day
With the DJIA up about 5 points on Tuesday, both bulls and bears continue their reluctance to push markets either up or down. We continue to be near a critical spot and the near-term choice may set the tone for near term. That is, once they actually do make a choice. The parameters of that […]
Squawk Evening Update: The Last
More indecision today when both the bulls and bears had opportunities to press their advantage but failed. This morning’s advance was impressive and quickly broke above the FibGrid 2002 snow line and kept running. However, it failed to take out last week’s high before falling. That leaves open the possibility that the advance into the […]
Euro Triangle: Where might it end?
We’re watching a possible triangle form in the Euro. If this is the pattern, we would like to know where it might end. We can use some of our Fibonacci techniques to help out as we demonstrate in this video.
Squawk Morning Briefing: More Chop?
Little movement on Friday means little change in in our count on equities and the Euro has still not broken out of a possible triangle triangle to establish direction. The wave structure in the futures suggests that prices could head higher, so we don’t want to be surprised by that possibility. However, without confirming counts […]
Squawk Morning Briefing: Painting into a Corner
Action on Thursday continued to support our notion of indecision. Both bulls and bears had opportunities to press their advantage, but both gave up. In the DJIA, they gave up at the FibGrid snow lines that we had been watching and those levels contained price movement. The Euro was weak overnight and turned down from […]
Squawk Morning Briefing: No Change Yet
A slight positive bias overnight was given fuel by a “positive” jobless claims report and pushed futures higher. Perhaps this is the push needed to end an upward correction necessary within a down move, or it could be a turn back up. Both possibilities are anticipated in our analysis. Until the overall trend is clear, […]
Squawk Evening Update: Are Dip Buyers Bored?
For several weeks now we have used the adjective “indecisive” to describe market action. Today’s action provided yet another example; bulls lacked the conviction to immediately buy up an opening sell-off, but bears didn’t have the confidence to press their early advantage. The result is that we continued to see whippy action.
Both the DJIA and […]