Archive for the ‘Elliott Squawk’ Category
Squawk Morning Briefing: Looking Down
Thursday’s action gave us the indications we were looking for to set our sights squarely downward and it is doing so in seemingly impulsive fashion. The next major confirmation will be to see a completed five-wave move to the downside and have to continue to have bounces appear as corrections.
Squawk Morning Briefing: Plot Twist
Those who anticipated that the FOMC would do very little suggested they might wait before additional stimulus or, if they felt they needed to show some action, might announce a modest expansion of “operation twist.” Others thought that this might be the last chance to take significant action before Fall elections based on […]
Squawk DJIA Briefing for 6/21/2012
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.
Squawk Morning Briefing: Have We Forgotten Yet?
Do you remember Friday June 1, 2012? That was the day we received the news that Non-farm Payrolls expanded by only 69,000 jobs in May, far short of the 150,000 many were anticipating. Furthermore, the April number was revised down by nearly 40,000. Markets sold off hard on the news and continued […]
Squawk DJIA Briefing for 6/20/2012
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.
Squawk Morning Briefing: Patience During The Grind
U. S. equities appear to be grinding higher in what we still anticipate is the second upward leg of a corrective wave. We had thought this leg might be more of a grind than the first, stronger leg and so far that seems to be playing out.
Less strength in the latter […]
Squawk DJIA Briefing for 6/19/2012
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.
Squawk Morning Briefing: Maintaining Perspective
We imagine that it is difficult for unemployed Greeks to not be angry. After all, they likely believed what their politicians told them years ago and thought their country had a secure future. Even if that individual can become content with the idea of needing to work longer than previously anticipated along with paying more […]
Squawk Morning Briefing for 6/18/2012
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.
Squawk Morning Briefing: Wild Weekend?
There are many possible catalysts in the market right now: Quadruple witching today; Greek and Egyptian elections this weekend; central bank actions; and we still may get unanticipated events at any time. Meanwhile, U. S. equity markets appear to be in an upward correction. We don’t want to jump the gun and consider the […]