Tag Archives: elliott wave

weekend update

REVIEW The wild and volatile week we expected was nearly all to the upside. The market started the week unchanged, completed its 1.5 week pullback on Tuesday, then made new highs on Thursday and Friday. For the week the SPX/DOW … Continue reading

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friday update

SHORT TERM: gap up opening fades, DOW +14 Overnight Scotland rejected independence. Asian markets rallied 0.7%. European markets opened much higher but faded to +0.1% at the close. The market gapped up at the opening to SPX 2018, ticked up … Continue reading

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thursday update

SHORT TERM: gap up opening to new high, DOW +109 Overnight the Asian markets gained 0.7%. Europe opened higher and gained 0.8%. US index futures were higher overnight. At 8:30 weekly Jobless claims were reported lower: 280k v 315k, Housing … Continue reading

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wednesday update

SHORT TERM: rally continues, DOW +25 Overnight the Asian markets gained 0.5%. Europe opened higher and gained 0.3%. US index futures were higher overnight. At 8:30 the CPI was reported lower: -0.2% v +0.1%. The market opened unchanged at SPX … Continue reading

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tuesday update

SHORT TERM: gap down then big rally, DOW +101 Overnight the Asian markets lost 0.8%. Europe opened lower and lost 0.3%. US index futures were lower overnight, and at 8:30 the PPI was reported unchanged: 0.0% v +0.1%. The market … Continue reading

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monday update

SHORT TERM: techs tank, DOW +44 Overnight the Asian markets lost 1.0%. Europe opened lower and lost 0.1%. US index futures were sharply lower overnight, then recovered heading into the open. At 8:30 the NY FED was reported higher: 27.5 … Continue reading

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weekend update

REVIEW After closing within three points of the all time high last week, the market went into a choppy pullback mode this week. For the week the SPX/DOW were -1.0%, the NDX/NAZ were -0.4%, and the DJ World index was -1.4%. … Continue reading

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