Archive for the ‘Elliott Squawk’ Category
Squawk DJIA Briefing for 8/8/2012
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.
Squawk Morning Briefing: The First Test
Markets have done all they need to in order to complete a triple zig-zag, although we still have not yet confirmed a turn. Nevertheless, with a decent overnight move up in the futures, the view that equities might have topped is facing its first big test this morning. Prices need to turn […]
Squawk DJIA Briefing for 8/7/2012
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.
Squawk Morning Brieifng: News Slowdown
We remain in Earnings season and have some important companies reporting this week, but overall the pace of reports from large, index-moving companies is beginning to slow. Likewise, we still have a few economic releases this week, anchored by international trade figures on Thursday, the calendar is light compared with last week. That […]
Squawk DJIA Briefing for 8/6/2012
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.
Squawk Morning Briefing: Market Noncommittal Ahead of BLS
Thursday morning we emphasized the need to make the market commit. Today we can see why this is important. While yesterday’s decline was dramatic, the drop failed to meet the criteria we have established for convincing us that a turn was in place. So even if are mildly surprised at […]
Squawk DJIA Briefing for 8/3/2012
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.
Squawk Morning Briefing: Why Go Out on a Limb?
We mentioned in last night’s DJIA briefing that the intraday decline in blue chip equities was still consistent with a fourth wave correction. In some ways this felt like going out on a limb. After all, small caps and the Dow Transports were off about 2%. If this is the turn, then […]
Squawk DJIA Briefing for 8/2/2012
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.
Squawk Morning Briefing: Calm Before The Storm?
Monday’s trade saw an NR7 day — meaning it was the narrowest trading range over the preceding seven days. Often this announces the possibility of an upcoming explosive move, but instead we saw an even narrower range on Tuesday. That gave us an NR7-2 which many see as an even stronger signal. […]