Tag Archives: elliott wave

thursday update

SHORT TERM: rally continues, DOW +221 Overnight the Asian markets gained 0.4%. Europe opened higher, dropped, then gained 0.3%. US index futures were lower overnight but rebounded after Q3 GDP was reported higher than expected: +3.5% v +2.5% est. Also … Continue reading

Posted in Updates | Tagged , , , | 242 Comments

wednesday update

SHORT TERM: FOMC day, DOW -31 Overnight the Asian markets gained 1.2%. Europe opened higher and gained 0.3%. US index futures were lower overnight, but moved back up as the market opened unchanged at SPX 1985. After the open the … Continue reading

Posted in Updates | Tagged , , , | 314 Comments

tuesday update

SHORT TERM: gap up and go, DOW +188 Overnight the Asian markets gained 0.6%. Europe opened higher and gained 1.0%. US index futures were higher overnight. At 8:30 Durable goods orders were reported lower: -1.3% v -18.4%, and at 9am … Continue reading

Posted in Updates | Tagged , , , | 358 Comments

monday update

SHORT TERM: gap down opening, DOW +12 Overnight the Asian markets lost 0.2%. Europe opened higher but lost 0.8%. US index futures were lower overnight, and the market gapped down to SPX 1958 at the open. The SPX had closed … Continue reading

Posted in Updates | Tagged , , , | 333 Comments

weekend update

REVIEW One impressive rally this week! The week started off at SPX 1887. After a notable pullback to SPX 1882 the market rallied straight up to 1949 by Wednesday. Then after a pullback to SPX 1927 on Wednesday, the market … Continue reading

Posted in weekend update | Tagged , , , | 317 Comments

friday update

SHORT TERM: rally continues, DOW +128 Overnight the Asian markets gained 0.6%. Europe opened lower and lost 0.6%. US index futures were lower overnight, but rebounded, as the market opened two points above yesterday’s SPX 1951 close. In the opening … Continue reading

Posted in Updates | Tagged , , , | 95 Comments

thursday update

SHORT TERM: another gap up and go, DOW +217 Overnight the Asian markets finished mixed. Europe opened lower but gained 0.9%. US index futures were much higher overnight. At 8:30 weekly Jobless claims were reported higher: 283k v 264k, at … Continue reading

Posted in Updates | Tagged , , , | 401 Comments