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Squawk Morning Briefing: Hurricane Coming

It seems that the market is expecting a category 4 press conference at 10:00a EDT today.  It just doesn’t know where it will strike.  We’ll be watching keenly to see whether bulls or bears are scrambling for safety once it hits.   Or maybe it will weaken offshore and be a dud.  Sometimes it happens.

In other weather news, there’s a storm aimed at the Northeast, which just happens to be our global publishing headquarters.   We’ll do everything possible to get an update out on Monday, but if you don’t hear from us it’s likely because we’re temporarily without the tools to get our update out.   We don’t anticipate this, but want to mention it just in case.   If you don’t receive your morning email notice, you may want to check the web site to see if an update is posted.   We might be able to get something up, but unable to get emails out.

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The Elliott Squawk Newsletter

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?
  • What price levels would make an alternate scenario more likely?
  • What technical indicators should be watched throughout the day to interpret wave action?
  • What intermarket movements merit special attention to understand likely price trends?

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Each day Elliott Squawk will update the outlook for the following markets:
  • The Dow Jones Industrial Average
  • YM e-Mini Dow Futures
  • The S&P 500
  • The EUR/USD cross
  • The U.S. Dollar Index
  • U.S. Treasury bond futures
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:
  • If S&P 500 and Dow counts are ambiguous and NASDAQ behavior helps identify the likely next move then NASDAQ analysis will be presented.
  • If the EUR/USD count is ambiguous and the USD/CHF cross helps us to understand what might happen then we’ll present the intermarket analysis the Squawk subscribers.
At the end of the day Squawk subscribers will receive a brief market recap that summarizes how the day’s events compared with expectations and what issues are likely to be analyzed in the following morning’s Elliot Squawk.

About the Analysts

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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