Archive for the ‘Elliott Squawk’ Category
Squawk Morning Briefing: Deceptively Tricky Action
At first blush, it appears that Thursday’s buying occurred on relatively good volume — toward the upper end of what we’ve seen in recent weeks. So despite somewhat choppy buying, that might suggest that the up move has some real buyers behind it. But that bullish optimism needs to be tempered by the […]
Squawk Morning Briefing: Can Anything Save The Bears
For several days U. S. equities have threatened to invalidate scenarios which would lead to more extensive downside. While we can’t rule out that bearish resolution quite yet, Wednesday’s action makes it much less likely. Heading into an unusual Thursday options expiration and a three-day weekend who knows what could happen, but it […]
Squawk Morning Briefing: Bulls Trying for Control
Whatever the next move is in U. S. equities, Tuesday’s action seemed intent on getting as many people as possible on the wrong side first. Bears can still regain control but they must act fast as we’re right at the edge of the scenario that would show bulls in control. Full details in […]
Squawk Morning Briefing: Parsing The Monday Bounce
Monday’s bounce has the pundits all in a tizzy arguing with each other about whether it’s a sign that the decline is over. Realize that this is all about a bounce which so far is much smaller than what we saw last Tuesday and Wednesday. Nevertheless, the bounce is coming from a spot […]
Squawk Morning Briefing: Consolidating Near Posible Support
Friday saw additional declines for U. S. equities, but the charts show less steep of a fall. Combine that with several sources of possible support and that makes this an important area to watch. What prices do in this immediate area will likely tell the story about what the next significant move is. […]
Elliott Squawk Briefing for 4/11/2014
Thursday saw follow-through selling in U. S. equities on greater volume than on Tuesday and Wednesday. Furthermore, we saw the strongest downside breadth since the decline began last week. All of this is consistent with a third wave decline. There is still more to be seen to confirm this view, but we’ve seen […]
Squawk Morning Briefing for 4/10/2014
Good morning. It’s David here. Kevin is filling in for me on the U. S. equities video today. Our schedule is still impacted by some Family health issues. We will once again put out our briefing for Friday this evening. Kevin will have a more fulsome look at S&P 500 but our views are not […]
Squawk Morning Briefing: Bounce from Suppport; Now What?
U. S. equities are reaching an area of support. That raises three possibilities: 1) If truly bearish, prices could decisively break support; 2) we could be preparing for a corrective bounce before at least one more leg down; or 3) this could mark the end of the decline suggested by the triangle scenario we’ve […]
Squawk Morning Briefing: Support Zone
U. S. equities are reaching an area of support. That raises three possibilities: 1) If truly bearish, prices could decisively break support; 2) we could be preparing for a corrective bounce before at least one more leg down; or 3) this could mark the end of the decline suggested by the triangle scenario we’ve […]
Squawk Morning Briefing: How Far Will This Selling Go?
On Friday, U. S. equities gave us one of the patterns we had sketched out ahead of time which would likely lead to as sell-off. That selling has now started and we turn our attention to how far the decline might travel.