Archive for the ‘Elliott Squawk’ Category
Squawk Morning Briefing: What Does The Oscillator Say?
U. S. equities have the potential to turn down from near current levels but we prefer to see some evidence that the move is starting that hasn’t come yet. In fact, one can make and argument that a correction to the decline from early August may still to run to one more swing high […]
Squawk DJIA Briefing for 9/13/2013
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.
Squawk Morning Briefing: Still Overbought
Yesterday morning we wrote about markets being overbought and with another day of buying in the S&P 500 and especially in the DJIA, the large-cap indices are even more overbought heading into today’s action. Nevertheless, some divergences are starting to appear and that suggest we might see a turn back down soon and wave […]
Squawk DJIA Briefing for 9/12/2013
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.
Squawk Morning Briefing: Short-Term Overbought
The move to the upside from late August lows in U. S. large cap indices has become more persistent and is starting to show some signs of being overbought. That, combined with the fact that prices have retraced into a region more commonly associated with a second wave retracement, is reason to think that […]
Squawk DJIA Briefing for 9/11/2013
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.
Squawk Morning Briefing: Morning Juice
We wake to find that the bulls have been busy squeezing the markets overnight. S&P 500 futures have managed to retrace more than 61.8% of the decline from early August and even though the Dow futures have yet to retrace even 50% of the decline over the same period, they have traveled well beyond […]
Squawk DJIA Briefing for 9/10/2013
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.
Squawk Morning Briefing: Seeing The Trend
Our introductory comments from Friday would fit today’s situation as well. There remain questions about exactly how to interpret a corrective-appearing bounce from recent lows, yet it looks even more like a correction that it did on Friday. Meanwhile, the decline from early August retains its impulsive appearance. That has us interpreting […]
Squawk Morning Briefing: The Forest And The Trees
We have been occupied with a number of questions recently:
Is the bounce from last week’s low reaching an end?
Will a move to new lows be just a fifth wave before a larger bounce, or the beginning of a new, larger-degree impulsive leg down?
How will we tell the difference between these possibilities?
These are important questions and […]