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 PIIG.  Nevertheless, the wave counts allow for a certain set of more likely possibilities and we go through those in our Euro briefing today.

Meanwhile, U. S. equities seem poised for at least one more new high signaling the fact that the new year hasn’t yet brought in a change in markets.  We still anticipate a turn from nearby levels or a bit higher.  Again, we have full updates below.

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Elliott Squawk delivers thorough market preparation every morning in time to take action during the trading day. By combining up-to-the-minute futures activity with traditional end-of-day analysis from cash indices, you receive analysis based on the latest conditions as the trading day sets to open. Each issue of Elliott Squawk goes beyond traditional Elliott Wave analysis because we recognize that trading Elliott Waves is much more than just looking at the most likely current count. Squawk will prepare traders to assess the market action as it unfolds by answering questions that any Elliott Wave trader should consider:

• What price levels and wave motions would confirm an expected move?
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• What intermarket movements merit special attention to understand likely price trends?

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From time-to-time when circumstances warrant, Squawk will present analyses of other markets that help interpret wave action in a covered market. For example:

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Kevin McEwen and David Starr are best known to First Wave chat room participants as Kevy99 and Managematics and by their reputation for their Elliott Wave counts that have predicted market turning points. Kevin has been counting Elliott Waves for 28 years, successfully forecasting market moves in virtually every financial environment. David brings together talents in financial market analysis and software development to his wave counting. He has authored many of the studies used by First Wave Traders as well as a number of proprietary studies to aid in counting waves.

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