Archive for the ‘Elliott Squawk’ Category
Squawk Morning Briefing: Worst Thanksgiving Meets Best Black Friday
U. S. equity markets shrugged off the positive bias associated with Thanksgiving week and fell each day of the holiday-shortened week. While that was evidence of negative sentiment, it also may have completed a small-degree five wave move down while leaving markets short-term oversold. In this environment, reports of the best black Friday sales results […]
Squawk DJIA Briefing for 11/28/2011
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.
Squawk Morning Briefing: Happy Thanksgiving
With overnight drops in U. S. equity futures and the Euro, as well as gains in Treasury futures, market action remains aligned with our outlook. With prospects for rather light trading on Wednesday and Friday, we don’t anticipate any action which would alter our outlook. If there is, we will send a brief note. It […]
Squawk DJIA Briefing for 11/23/2011
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.
Squawk Morning Briefing: Flip Flop
The recent back and forth in markets seems to have pundits switching sides faster than we can track. Those who are bullish on improvements in the U. S. economy one day suggest that it could all fall apart on European worries the next. Meanwhile, those who were worried about Europe last week are relieved to […]
Squawk DJIA Briefing for 11/22/2011
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.
Squawk Morning Briefing: A Bear’s Thanksgiving?
Overnight selling of U. S. Equity futures reveals an intent to sell stocks at the open, likely taking out last Thursday’s lows and testing lows from November 1st. This is consistent with the bearish view that a corrective top is in place from October 27th.
We don’t want to put too many impediments in […]
Squawk DJIA Briefing for 11/21/2011
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.
Squawk Morning Briefing: Need Follow-Through
Thursday’s action in U. S. equities demonstrated intent to head downward. The next important action will be follow-through to confirm that intent, even if we see a corrective bounce first.
Squawk DJIA Briefing for 11/18/2011
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.