Archive for the ‘Elliott Squawk’ Category
Squawk Morning Briefing: The Bear’s Oasis
One falling leaf does not make autumn and two down days in the markets does not tell us that we’ve seen a lasting turn. At some point two days will turn to three and three to four and before long we’ll have a legitimate sell-off. It may be beginning now, but we’ll point out that […]
Squawk Morning Briefing: Another New High Over The Horizon?
Strength overnight in both the Euro and the equity futures have us looking up at the moment. The question is whether it will lead to new highs or whether a move down (corrective or more) has already started. Our gut continues to tell us that we need to see at least one more new high […]
Squawk Morning Briefing: Looking at Long-Term Possibilities
We continue to be short-term overbought in markets and need to correct at some point. Today we re-assess the long term wave structure to see what it can tell us about whether any turn will be just a correction or a return to the downtrend.
Squawk Morning Briefing: Wilderness
The DJIA broke above its April high on Thursday. The S&P 500 looked like it had more room before it did the same thing, but it also accomplished the same feat. That means that primary wave (3) down did not begin in the equities in April and we need to see chart action unfold a […]
Squawk Morning Briefing: New Highs Make New Highs
The Euro broke to new highs overnight and the move doesn’t yet seem complete. More significantly is that futures are suggesting that the DJIA will gap above April highs on the open. That opens the door to additional upside for equities and doesn’t immediately give us guidance for where the movement might end, although there […]
Squawk Morning Briefing: After the Election
The election is over. Now we can look forward to a Fed announcement this afternoon and labor report week activities for the rest of the week, beginning with the ADP report this morning. There are a number of things that could move the market. But until they do, we still see chop and indecision and […]
Squawk Morning Briefing: Will Markets Make Decisions on Election Day
With the DJIA up about 5 points on Tuesday, both bulls and bears continue their reluctance to push markets either up or down. We continue to be near a critical spot and the near-term choice may set the tone for near term. That is, once they actually do make a choice. The parameters of that […]
Squawk Evening Update: The Last
More indecision today when both the bulls and bears had opportunities to press their advantage but failed. This morning’s advance was impressive and quickly broke above the FibGrid 2002 snow line and kept running. However, it failed to take out last week’s high before falling. That leaves open the possibility that the advance into the […]
Euro Triangle: Where might it end?
We’re watching a possible triangle form in the Euro. If this is the pattern, we would like to know where it might end. We can use some of our Fibonacci techniques to help out as we demonstrate in this video.
Squawk Morning Briefing: More Chop?
Little movement on Friday means little change in in our count on equities and the Euro has still not broken out of a possible triangle triangle to establish direction. The wave structure in the futures suggests that prices could head higher, so we don’t want to be surprised by that possibility. However, without confirming counts […]