Monthly Archives: February 2010

SHORT TERM: market rallies to start the week, DOW +170 Overnight all the Asian markets were higher. Europe opened higher and closed +1.50%. US index futures were much higher overnight, and at the open this morning the market gapped up. … Continue reading →

SHORT TERM: US cash markets closed. Overnight the Asian markets were all lower. Europe markets opened higher and closed +0.35%. US index futures closed lower: (NDX) NQ -5.75, (SPX) -3.5 and (DOW) YM -32. Bonds lost 4 ticks, Crude slipped … Continue reading →

REVIEW The roller coaster ride of the second week of Feb 10 ended on the plus side. Day traders were chalking up big profits, while investors were left scratching their heads. On the economic front, retail sales improved, and there … Continue reading →

SHORT TERM: market ends week the way it started gyrating, DOW -46 Overnight the Asian markets were mostly higher. Europe opened higher but closed -0.20%. US index futures were lower overnight, and at 8:30 Retail sales were reported higher: +0.5% … Continue reading →

SHORT TERM: market rallies on ECU/Greece bailout news, DOW +106 Overnight all the Asian markets were higher. Europe opened higher but closed mixed. US index futures were higher overnight, and at 8:30 weekly Jobless claims improved: 440K v 483K. The market opened … Continue reading →

SHORT TERM: market pulls back after yesterday’s rally, DOW -20 Overnight the Asian markets were mostly higher. Europe opened higher and closed +0.55%. US index futures were higher overnight, and at 8:30 the Trade deficit was reported higher: -$40.2 bln … Continue reading →

SHORT TERM: Greece bailout (?) market rallies, DOW +150 Overnight the Asian markets were mixed. Europe opened higher, on rumors of Germany bailing out Greece, and closed +0.30%. US index futures were higher overnight and the market gapped up sharply at … Continue reading →

SHORT TERM: rally fades after morning highs, DOW -104 Overnight the Asian markets were mixed. Europe opened higher and closed +0.80%. US index futures were relatively flat overnight, and the market opened flat at SPX 1066 this morning. After a pullback … Continue reading →

Long term investor psychology cycles influence markets. When the cycle is positive a bull market unfolds, when negative a bear market. The Objective Elliott Wave (OEW) technique not only determines if a market is bullish or bearish, it also determines … Continue reading →