Archive for the ‘Newsletters’ Category
Squawk Evening Update: Knock Three Times on the Snow Line
After being rejected following a brief excursion above the 1932 FibGrid snow line on Monday, the DJIA made two more forays above this significant level on Tuesday and was similarly rebuffed. The last attempt managed to make a new high and several Fibonacci levels nearby that could indicate a turn is nearby. We’ll cover some […]
Squawk Morning Briefing: Is There Another Way to Say We’re Still Waiting?
Moves continue to be extended and supportive of a possible turn. However, counts remain unclear so “supportive” need not mean “imminent.” We have waning momentum in equity indices, and are right in a range of multiple Fibonacci targets in the Euro. However, without a clear wave count, there is nothing to rule out new highs […]
Predicting Turning Points Using Fibonacci Targets
From a purely theoretical perspective, we expect stock market movements to conform to the rules of Elliott Wave formation. However, sometimes the proper count is not known until after a move is complete; in some cases, not until long after. While traders may have some intellectual curiosity about the current wave count, what matters to […]
Squawk Evening Update: Still Need Confirmation
The Euro is right in the middle of the first possible reversal target we published several times last week. The Dow put in another new high today on waning momentum and then continued to sell off. However, an earlier sell-off had invalidated the possible ending diagonal pattern so we’re left with an ambiguous count in […]
Squawk Morning Briefing: Signs of Turning; Need Confirmation
We have many indications of a possible turn in markets (again). But as this has happened many times before, we need confirmation. Some of the things we are noticing are:
a possible ending diagonal pattern in the Dow and S&P 500.
Wave counts near a turn in other markets.
Some interesting time relationships in the EUR/USD cross.
The full […]
Squawk Morning Briefing: Markets Still Refuse to Pick a Side
It’s starting to get tiresome, but markets continue their refusal to pick choose a direction. That creates wild short-term swings in equity market that are just a long-term version of chop. Overnight futures action has failed to provide any clues and instead is proving equally difficult to count. However, the pre-market lift seems to be […]
Squawk Evening Update: Nothing New
When there is not much to say, we’ll be brief. While there were some violent swings in markets today, there was nothing to suggest that markets have chosen a direction. Some might say that this is topping behavior. And while it’s true that we often observe such behavior at both highs and lows, we see […]
Squawk Morning Update: A Pullback or Maybe More
Prices have started down from recent highs, many of which are at levels that could see a turn. We still think the Euro could put in additional new highs. Equities are unclear and could go either way. Details are our analysis and expectations appear below.
Squawk Evening Update: Still Waiting…
First, we want to apologize again for the SNAFU this morning. Tonight we’ll cover some of the items left out of this morning’s briefing as well as recap today’s market action before getting ready for tomorrow. Indices were down today with the DJIA holding up best and the Russell 2000 suffering some hefty losses. One […]
Minimum Expectations for Ending Waves
Many times in our analysis we say that some move has satisfied minimum expectations for being complete. This is an important concept that merits some discussion to explain:
What it means for a wave to meet minimum expectations;
What are the practical implications of a wave meeting minimal expectations; and
How one can trade these situations.