Archive for the ‘Elliott Squawk’ Category
Squawk Morning Briefing: Seeing The Forest And The Treeline
Yesterday we mentioned the importance of the 13,171 area for the DJIA. The exact level of the treeline is 13,171.21 and the index closed at 13169.88; 1.33 away. We saw congestion near this area for most of the trading session. The market has confirmed to us that the treeline matters and now […]
Squawk DJIA Briefing for 12/11/2012
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.
Squawk Morning Briefing: Decision Area
13,171 has been on our radar for months. A positive reaction to Friday’s BLS report brought us within spitting distance of the important level. Meanwhile, the move up from November lows seems to be running out of momentum. We still don’t have anything to hang our hat on to suggest that the […]
Squawk DJIA Briefing for 12/10/2012
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.
Squawk Morning Briefing: What’s The Euro Doing?
While our attention has been occupied by questions of whether we’re near an important turn back down in U. S. equities, the Euro has some impressive moves down over the past couple of days. We’ve been waiting on today’s BLS report thinking that a big reaction in either direction might help to shed some […]
Squawk Morning Briefing: Beating The Confirmation Drum
A higher high in the DJIA on Wednesday (but not confirmed by other indices) once again sets the stage for a plausibly complete corrective rally up from November lows. However, plausibly complete is not the same as complete. This should not come as a surprise as we said the same thing earlier in […]
Squawk DJIA Briefing for 12/7/2012
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.
Squawk Morning Briefing: We Know This Game
We have been in the current situation many times before where there are multiple possible interpretations for the wave pattern in U. S. equities. We tend to think of it as the market keeping its options open. Rather than imagine that the future direction of markets is pre-determined, we see the situation as […]
Squawk Morning Briefing: Two Paths
After Monday’s action we are once again in a spot where one could make the case that an upward correction could be complete in U. S. equities. Of course, one could also make a case that it is still ongoing or that this isn’t an upward correction at all but the early stages of […]
Squawk DJIA Briefing for 12/4/2012
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.