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Archive for the ‘Elliott Squawk’ Category

Squawk Evening Update: More S&P Brinksmanship

Our recap will be short and sweet this evening.  The Dow rising right into an anticipated target area means that we don’t need to do too much discussion other than to note that the rise doesn’t necessarily count out to a perfect five, nor is the subsequent decline unambiguous.  The same rise in the S&P […]

On The Cusp of Something. But What?

Thumbnail : On The Cusp of Something.  But What?

Many markets that appeared to have turned a week or more ago have now put in deep retracements that are testing the limits of what is acceptable from mere corrections.  This creates somewhat of a “do or die” scenario for the turns, at least in the short term and for markets that are testing those […]

Is that a wrap?

Markets made good on the promise of higher prices made by overnight futures and we had an impressive push upward from the open this morning.  This may well have been the push the market needed to complete five waves up.  Once five waves are complete, a pullback is called for, whether or not it’s the […]

Morning Update

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The Overnight markets in the Equity futures and the Currencies have produced  strong moves to the upside for the E-Mini Dow, the E-Mini S&P and the Euro/USD forex cross.

YM Net Gain for the Week: $5

Thumbnail : YM Net Gain for the Week: $5

If you were trying to trade the E-Mini Dow this week you know by now it was a brutal trading week. Let’s assume you went long at the NYSE open on Tuesday after a long Labor Day weekend. You  held it through the rest of the week and then  went flat at the close of […]

Will the Real Wave Count Please Stand Up

Thumbnail : Will the Real Wave Count Please Stand Up

Perhaps the Euro was getting lonely as one of the few hold outs that was being difficult to count, as it decided to throw some curves our way. However, it still made for good trading. Look for the video update related to the Euro on making winning trades when wrong. Equities are still trying to cloak their intentions, but bonds may be starting to reveal their direction and so far it seems to be what we’ve anticipated. Details below…

Equity Markets Still Stingy

Thumbnail : Equity Markets Still Stingy

Our forex counts continue to be clearest (at least as long as they remain correct), with equities still at a critical juncture. We are maintaining our outlook for a stronger Dollar and weaker Euro and if those have any indication of investors global risk appetite and relative desire for holding equities then we would expect it suggest that we should look for a turn down. However, those counts remain particularly unclear, any turn down could come after one more minor new high, and there’s no requirement that equities must follow currencies. We have a few clues to watch for in our update today, but watching is what the market has left us to do in equity markets for the moment, at least for those of us who want a clear Elliott wave outlook to trade.

Waiting for Clues

Thumbnail : Waiting for Clues

Markets remain at a critical juncture. U.S. equities haven’t yet done much to resolve the ambiguity we wrote about over the weekend so we continue to watch short time frames for clues. Forex markets seem to be painting a clearer picture that seems to indicate a resumption of dollar strength. We’ll continue to watch this as well as look for any signs that it might shed some light on equity direction. However, one just needs to look back to the beginning of the year to know that equity weakness does not need to come in lock step with dollar strength.

The Euro; Fifth Wave of c and the Heart of a 3rd Wave

Thumbnail : The Euro; Fifth Wave of c and the Heart of a 3rd Wave

During the overnite hours of the Labor Day weekend, the Euro appears to have finished the c wave which we have been expecting for the completion of Wave (ii).

Equity Market Special Update

Thumbnail : Equity Market Special Update

Friday’s push upward took out some critical levels in the S&P 500. It’s time to step back and take a longer look at wave counts in equity markets.

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