Archive for the ‘Newsletters’ Category
Squawk Morning Briefing: Setting Up For FOMC
We know that markets often set themselves up so that the wave structures will allow moves in either direction in response to important announcements like Wednesday’s FOMC announcement. It is becoming increasingly likely that the message the markets are giving us is for a continued decline from all-time highs but we could still set […]
Squawk Morning Briefing: Embracing The New Current Game Plan
The dramatic down moves of last week were not our most likely case but we did hold them out as a possibility. Therefore, we’ve already covered how we would interpret the move and what we’d like to see as confirmation. We review that as our current game plan in today’s video.
Squawk Morning Briefing: Does The Downside Change Anything?
The bears took control of markets on Thursday, but does that really change the picture for U. S. equities? Today’s videos dig into the question.
Squawk Morning Briefing: Who to Believe?
Wednesday saw the NASDAQ-100 break to a new high for the advance from 2009 lows, running into a Voodoo Treeline in the process. While the S&P 500 managed to print above its 2013 highs last week, it failed to join the Naz on Wednesday. Meanwhile, the DJIA has yet to print above its 2013 highs […]
Squawk Morning Briefing: Expecting Divergences
After the close on Tuesday IBM reported earnings that topped consensus on revenues which fell short of forecast and the stock was punished in after hours trading. IBM continues to trade at those lower levels today and because it is one of the higher priced stocks in the DJIA we can expect that this will […]
Squawk Morning Briefing: Room For Bulls to Regain Control
We had been discussing how the DJIA and the S&P 500 can become disconnected during earnings season and we saw another example of that disconnect on Friday. The S&P 500 lost ground on the day while the DJIA was up. And while the immediately bullish scenario in the S&P 500 was tested it didn’t break. […]
Squawk Morning Briefing: Watching SPX During Earnings
The DJIA and S&P looked very different on Thursday. Not only has the DJIA still not joined the S&P in printing above its 12/31 all-time high but the index of 30 stocks lost much more ground on Thursday. Often the two indices move in lock step but earnings season can often be a […]
Squawk Morning Briefing: Still Higher?
Wednesday saw the S&P 500 reach new highs along with several other markets. Notably left behind was the DJIA. While we can construct scenarios which would have the DJIA fail to follow the S&P’s example or in which the markets could peak at different times, our base case assumption is that U. S. […]
Squawk Morning Briefing: Equally Impessive Reversal
As dramatic as Monday’s decline was, Tuesday’s bounce was equally impressive and it supports the impression we have been holding that an outlook for new highs remained valid. Now that outlook looks likely. Details in today’s videos.
Squawk Morning Briefing: Dramatic Drop
Monday’s action brought a dramatic drop in U. S. equities and today’s videos address the question of whether this is further evidence of a change in trend or just a larger pullback in a continuing bullish advance.