Archive for the ‘Elliott Squawk’ Category
Squawk Morning Briefing: Something’s Gotta Give
Yesterday we mentioned the outsized impact of IBM and today it is selling off pre-market following earnings. Nevertheless, Dow futures have firmed overnight and S&P futures are strong. While they are both giving some back here in the 8:00 hour, if the strength is maintained into the open it wouldn’t be the signs […]
Squawk DJIA Briefing for 4/19/2013
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.
Squawk Morning Briefing: Big Blue
So far, U. S. equities have done what they need to in order to keep downside expectations alive but insist that bounces remain corrective and result in continued selling to maintain that view. We have said many times that the DJIA cannot go very far in either direction if IBM isn’t along for the […]
Squawk DJIA Briefing for 4/18/2013
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.
Squawk Morning Briefing: No Excuses for Bears
With the overnight move down in the futures, it looks even more like Tuesday’s bounce was a second wave correction. If so, then we are in a third wave down. Third waves are generally fast and dramatic. While they are not without bounces, those bounces should be quickly sold with a resumption […]
Squawk DJIA Briefing for 4/17/2013
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.
Squawk Morning Briefing: Pathway Down
Monday’s decline included most of the ingredients to suggest that a move up ended at last week’s high. Still missing are a completed five-wave move down and a corrective bounce. Nevertheless, the dramatic nature of the decline and the broader wave count are enough for us to suspect that we will see the […]
Squawk DJIA Briefing for 4/16/2013
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.
Squawk Morning Briefing: Is Another High on The Horizon?
With equity futures weak this morning there is potential that the cash indices open below the fourth wave of smaller degree. While this might hint at the possibility of a completed five-wave move to the upside, we’re still considering another leg up the most likely course. Today’s videos cover the logic supporting this […]
Squawk DJIA Briefing for 4/15/2013
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.