Archive for the ‘Newsletters’ Category
Squawk Morning Briefing: Studying Bounces
There remain multiple ways to interpret the wave structure down from all-time highs in U. S. large cap indices. Most of them see continued downside but the clues will come from studying the structure of the bounces. As discussed in today’s videos, the nature of the bounces will likely show us whether we […]
Squawk Briefing For 5/16/2014
David needs to be out on Friday for a hospital visit so we have a bit of a modified schedule again. The video below updates the situation in the S&P 500 which looks clearly impulsive to the downside now. We’ll have our next full update on Monday morning.
Squawk Morning Briefing: Cautiously Pessimistic
As we mentioned yesterday, minimum upside objectives in the S&P 500 have been reached and that opens the door for a possible decline. If, in fact, the index has only done the minimum necessary to satisfy wave patterns to the upside would be further bearish. The price action we’ve seen within the selling […]
Squawk Morning Briefing: Minimum Objectives Achieved
We have been looking for a new all-time high in the S&P 500 and we achieved that on Tuesday. That means that the market has done most of what it needs to from an Elliott wave perspective and we could embrace a turn down without being too skeptical. However, it doesn’t mean that […]
Squawk Morning Briefing: Sell In May? Which Day?
If we’re right about seeing topping behavior in U. S. equities then the old maxim of “sell in may and go away” will likely prove valuable again this year. As always, the problem is pinpointing when in May to sell. If May is a month that gives us tradeable tops then, by definition, […]
Squawk Morning Briefing: Equities Have Room To Upside
The overall patterns and indications of topping action still suggest that we’re likely to see at least one more new high in the S&P 500 before any decline. How much more remains in question as does the exact path that might be taken but we consider these in today’s videos.
Squawk Morning Briefing: Is The Euro Turning?
We have been waiting for the Euro to make a new high in its run up from 2012 lows before any possible reversal and on Thursday it registered that new high before reversing sharply. That reversal may represent the larger turn down we have been waiting for. Details in today’s video.
Squawk Morning Briefing: Looks Like A Topping Process
Traders say it all the time, “topping is a process,” and the action we’re seeing now looks a lot like one of those processes. That suggests that we could continue to see choppy action here but with an overall positive bias until we see more of a completed move to the upside in the […]
Squawk Morning Briefing: Stay Nimble Or Stay Patient
This remains a tricky spot with many potential outcomes. Except for the most nimble of short-term traders, this is a good place to sit and watch as we wait for additional clues about the long-term trend. Remember, that the dominant trend remains up until we prove otherwise but that we look tired and […]
Squawk Morning Briefing: Choppy Moves in Both Directions
Choppy three-wave moves both up and down keep us on our toes although they suggest that any significant move down might still be waiting to arrive.