Archive for the ‘Elliott Squawk’ Category
Squawk Morning Briefing: Remaining Flexible
Many short-term possibilities still exist for U. S. equities. We know what it would take for action to be more convincing one way or the other. Until we see it, it isn’t the time for bold prediction or bold action.
Squawk Morning Briefing: Still The Same
Today’s videos update the possible scenarios subsequent to Tuesday’s market action. While the additional trading adds some color to what might be happening, we are still left without a clear path. That leaves us in the same situation as yesterday, looking for clues in short-term impulsive and corrective moves until the larger degree […]
Squawk Morning Briefing: Pick ‘Em
Today’s look at the DJIA and YM takes a little bit of a different approach. There are simply too many possibilities right here to have any confidence in the direction. So instead of focusing on a specific outlook we instead focus on what we need to see before the market looks like it […]
Squawk Morning Briefing: David Filling In
Kevin is out today and tomorrow so David is covering all four videos. We’ve got an interesting day ahead where what happens after a likely down open in the cash session for equities may reveal what is going on with the broader pattern. Details in today’s videos.
Squawk DJIA Briefing for 9/30/2013
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.
Squawk Morning Briefing: Shakeouts
Significant moves in the market often require shaking out folks who are trying to prepare for it. That is why we often see deep second wave retracements prior to dramatic third wave moves. We still expect to see some form of second wave before a third wave in the U. S. equity markets, […]
Squawk Morning Briefing: More Head Fakes?
Yesterday we talked about the possibility that the DJIA may have put in an expanded flat fourth wave correction, a move that is somewhat of a “head fake.” Today we are forced to confront the possibility of an expanded flat as part of a second wave and it’s a good example of whe these […]
Squawk DJIA Briefing for 9/26/2013
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.
Squawk Morning Briefing: Head Fake
Tuesday’s move lower in the DJIA saw a new low for the decline from last week’s high, however, it appeared to be more of a three-wave move than a five. Whenever a new extreme is made as a three-wave move that’s a head fake. Today’s video looks at the wave count implications.
Squawk Morning Briefing: More on DJIA
We’ve been talking a lot about the changes to the makeup of the DJIA recently but before we leave the topic it is worth noting that the three new components were among heaviest sellers on Monday, while stocks like IBM held up well even on a red day. This further underscores the impact of […]