Archive for the ‘Morning Briefing’ Category
Squawk Morning Briefing: Looking for Confirmation
Overnight, both the Euro and the YM futures put in patterns that can count as complete five-wave moves and have begun to sell from those levels. That has us looking for confirmation of a turn as we discuss in today’s videos. While the drop is significant relative to overnight highs, it isn’t yet much of […]
Squawk Morning Briefing: A Few Changes
There are a few changes to the web site this morning. The first thing that you will notice is that the Elliott Squawk articles no longer appear on the front page. You can still access them from the main site menu by choosing “Newsletters” and then “Elliott Squawk” from the drop down menu. Of course […]
Squawk Morning Briefing: Two Roads Diverged…
We’re still awaiting confirmation that Wednesday’s high represents a short-term peak, but lower levels in futures increases the chance that the DJIA will come below important levels. We will also want to see the price action form the proper wave structure to continue looking downward for a few days as outlined in our DJIA briefing. […]
Squawk Morning Briefing: DJIA’s AA Loses
The DJIA’s AA isn’t a rating, it’s component stock Alcoa which kicked off earnings season Tuesday with bottom line results which fell short of expectations. Just as Alcoa seems unable to lift its earnings, it is equally impotent in its impact on the DJIA. AA traded for $10.30 at Tuesday’s cash close. Only Bank of […]
Squawk Morning Briefing: Making Friends with Trends
All indications continue to show that the trend is up for the time being although five wave advances will see three-wave corrective pullbacks. We expect earnings season to continue to help propel the market in both directions, providing the impetus that helps drive prices to their ultimate destination
Squawk Morning Briefing: Earnings Season Upon Us
Earnings season kicks off in earnest on Tuesday and that can often be a volatile time for markets in general. In particular, Alcoa, one of the DJIA’s 30 components reports Tuesday after the close. As one of the lower priced stocks in the index, a move of several percentage points may not move the average […]
Squawk Morning Briefing: Labor Surprise
The BLS report is out as we go to “press” even though the videos were recorded prior to the surprise announcement. Key to the wave count is whether markets accelerate on the news or begin to fade. Any weakness would be a sign that a five-wave move has exhausted — alt least for the […]
Squawk Morning Briefing: Jack Be Nimble
As we discuss in today’s videos, events of the past two days are forcing us to consider the possibility that a temporary bottom has been found in U. S. Equities. This has yet to be confirmed, but it is appearing more likely. The next several days will be critical to establishing a view and we […]
Squawk Morning Briefing: Massive Squeeze
Significant bullish intraday reversals of the size we saw on Tuesday are rare. However, when they are observed it is usually the result of a temporary short squeeze. The end to every downtrend typically begins with a short squeeze which then sees follow-through. However, most do not follow this path and are quickly reversed. Rather […]
Squawk Morning Briefing: Critical Action
With the S&P 500 breaking below August lows, action here is critical for U. S. equities with the likelihood increased that we’re in another impulsive leg down. Details in videos…