Archive for the ‘Elliott Squawk’ Category
Squawk Morning Briefing: Rising Up
Overnight futures suggest that the DJIA is likely to join in a move to new recovery highs. That would leave open the question of how high this move might go. For now we’ll need to leave that as an open question until we can observe the structure of the most recent move up […]
Squawk DJIA Briefing for 3/5/2013
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.
Squawk Morning Briefing: Let Markets Be Our Guide
An old trading maxim tells us, “it’s okay to be wrong but it’s not okay to stay wrong.” The message is that any trade might not work out the way we intended and that it’s foolish to allow those trades to continue. Sure they might eventually turn in our direction, but once there’s […]
Squawk Morning Briefing: More Triangle Talk
If we did, indeed, see an expanding triangle in the DJIA as we speculated both yesterday and earlier in the week then there are a few observations which are useful. First, a thrust from that triangle would be terminal as we mentioned yesterday. During the day yesterday the index followed the map we […]
Squawk DJIA Briefing for 3/1/2013
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.
Squawk Morning Briefing: Expanding Triangles
The idea of an expanding triangle is put forth in today’s DJIA briefing. It is important to note that there are other valid interpretations of the wave structure and some would lead to exactly the same outcome as the triangle so we cannot conclude that it is unambiguously a triangle. Nevertheless, we only […]
Squawk DJIA Briefing for 2/28/2013
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.
Squawk Morning Briefing: Awaiting The Next Move
The bounce from Monday’s low in the DJIA looks to be only corrective so far. That doesn’t mean it couldn’t begin racing upward more purposefully to look more impulsive, but unless that happens we can give an edge to the bears here while reminding ourselves that we still have not taken out confirmation levels […]
Squawk DJIA Briefing for 2/27/2013
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.
Squawk Morning Briefing: The Start of Something?
Once again we are in a situation where U. S. equities could be at the start of a larger decline. This time prices have crashed through support levels more dramatically. Nevertheless, we remain well above confirmation levels so while this has potential, it needs to continue to hold resistance and break support while […]