Tag Archives: elliott wave

wednesday update

SHORT TERM: downtrend confirmed, DOW -238 Overnight the Asian markets lost 0.4%. Europe opened lower and lost 1.1%. US index futures were lower overnight, and at 8:15 the ADP index was reported higher: 213k v 204k. The market opened three … Continue reading

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tuesday update

SHORT TERM: choppy day, DOW -28 Overnight the Asian markets lost 0.7%. Europe opened higher and gained 0.7%. US index futures were higher, and at 9am Case-Shiller was reported lower: +6.7% v +8.1%. The market opened four points above yesterday’s … Continue reading

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monday update

SHORT TERM: gap down opening again, DOW -42 Overnight the Asian markets lost 0.5%. European markets opened lower and lost 0.5% too. US index futures were much lower overnight. At 8:30 Personal income (+0.3% v +0.2%)/spending (+0.5% v -0.1%) were higher, … Continue reading

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weekend update

REVIEW After establishing an all time high on OPEX Friday a week ago the market went into volatility mode this week. Every day we observed the DOW moving triple digits: three down and two up. For the week the SPX/DOW … Continue reading

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friday update

SHORT TERM: gap up then rally, DOW +167 Overnight the Asian markets lost 0.2%. Europe opened lower but gained 0.4%. US index futures were higher overnight, and at 8:30 Q2 GDP came in as expected: +4.6% v +4.0%. The market … Continue reading

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thursday update

SHORT TERM: gap down decline, DOW -264 Overnight the Asian markets lost 0.1%. Europe opened higher but lost 1.3%. US index futures were lower overnight. At 8:30 weekly Jobless claims were reported higher: 293k v 280k, and Durable goods orders … Continue reading

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wednesday update

SHORT TERM: reversal Wednesday, DOW +154 Overnight the Asian markets were mixed. Europe opened lower but gained 0.8%. US index futures were higher overnight, and the market opened one point above yesterday’s SPX 1983 close. After an uptick to SPX … Continue reading

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