Monthly Archives: September 2011

friday update

SHORT TERM: market opens lower, DOW -241 Overnight the Asian markets were mostly lower. Europe opened lower and closed -1.9%. US index futures were also lower overnight. At 8:30 Personal income (-0.1% vs +0.3%) and spending (+0.2% vs +0.8%) were … Continue reading

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thursday update

SHORT TERM: gap up opening starts volatile session, DOW +143 Overnight the Asian markets were mixed. Europe opened lower, but closed mixed. Last night FED chairman Bernanke give the following speech: http://www.federalreserve.gov/newsevents/speech/bernanke20110928a.htm. US index futures were higher overnight. At 8:30 Q2 … Continue reading

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wednesday update

SHORT TERM: market pulls back after recent gains, DOW -180 Overnight the Asian all up streak ended at one day, they were mixed. Europe opened lower and closed -1.15%. US index futures were higher overnight and at 8:30 Durable goods … Continue reading

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tuesday update

SHORT TERM: market gaps up again, DOW +147 Overnight the Asian markets reversed a three day all down, with an all up. Europe opened higher and soared 4.65%. US index futures were higher overnight. At 9:00 the Case-Shiller housing price … Continue reading

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monday update

SHORT TERM: market gaps up at the open, DOW +272 Overnight the Asian markets were all lower for the third day in a row. Europe opened lower but closed +1.6%. US index futures were lower, then higher overnight. Around 9:15 … Continue reading

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FED’s adjusted monetary base

When the FED started increasing the monetary base exponentially in 2008 we started tracking its growth in Elliott Wave terms. Our first piece on this topic was published in November 2010: http://caldaro.wordpress.com/2010/11/29/feds-adjusted-monetary-base/. Then, we expected the monetary base to bottom just … Continue reading

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weekend update

REVIEW After some big gains last week and a SPX 1216 close, the market gave it all back this week with a SPX 1136 close. Economic reports were light, but still mostly to the downside. On the positive were building … Continue reading

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friday update

SHORT TERM: market opens lower but recovers, DOW +38 Overnight the Asian markets were all lower. Europe opened higher and closed +0.45%. US index futures were higher, then lower, overnight and the market opened lower at SPX 1123. In the … Continue reading

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thursday night update

After reviewing the final charts we had a chance to get a better perspective on the recent activities in this market. We believe the NYSE and, to a lesser extent, the TRAN are illustrating the July downtrend has resumed. Notice both … Continue reading

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thursday update

SHORT TERM: worldwide selloff continues, DOW -391 Overnight the Asian markets were all substantially lower. Europe opened lower and closed -4.8%. US index futures were much lower overnight as well. At 8:30 weekly Jobless calims came in slightly lower: 423K … Continue reading

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