Tag Archives: elliott wave

friday update

SHORT TERM: first notable pullback of week, DOW -38 Overnight the Asian markets gained 0.1%. Russia moved its convoy across the Ukrainian border. Europe opened lower and lost 0.6%. US index futures were lower overnight, but the market opened unchanged … Continue reading

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thursday update

SHORT TERM: new all time highs, DOW +60 Overnight Asian markets gained 0.1%. Europe opened higher and gained 0.8%. US index futures were higher overnight, and at 8:30 weekly Jobless claims were reported lower: 298k v 311k. The market opened … Continue reading

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wednesday update

SHORT TERM: pullbacks but rally continues, DOW +60 Overnight the Asian markets lost 0.1%. Europe opened lower and lost 0.3%. US index futures were lower overnight, and the market opened at SPX 1979. The SPX had closed at 1982 yesterday. … Continue reading

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tuesday update

SHORT TERM: rally continues, DOW +81 Overnight the Asian markets gained 0.5%. Europe opened higher and gained 0.7%. US index futures were higher overnight as well. At 8:30 the CPI (+0.1% v +0.3%, Housing starts (1093k v 893k) and Building permits … Continue reading

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monday update

SHORT TERM: gap up and go, DOW +176 Overnight the Asian markets gained 0.4%. Europe opened higher and gained 1.3%. US index futures were higher overnight, and the market gapped up at the open to SPX 1965. The market had … Continue reading

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weekend update

REVIEW The market opened the week with a gap up to SPX 1945, pulled back to 1928 by tuesday, then gapped up twice more during the week to hit 1964 on friday. Then some geopolitical news spooked the market and it sold … Continue reading

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friday update

SHORT TERM: volatile OPEX, DOW -51 Overnight the Asian markets gained 0.4%. Europe opened higher but lost 0.7%. US index futures were higher overnight. At 8:30 the PPI was reported higher: +0.1% v +0.4%, and the NY FED was reported … Continue reading

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thursday update

SHORT TERM: market drifts higher, DOW +62 Overnight the Asian markets gained 0.3%. Europe opened lower but gained 0.3%. US index futures were higher overnight. At 8:30 weekly Jobless claims were reported higher: 311k v 289k, and Export (+0.3% v … Continue reading

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wednesday update

SHORT TERM: gap up opening, DOW +91 Overnight the Asian markets gained 0.5%. Europe opened higher and gained 1.0%. US index futures were higher overnight, but at 8:30 Retail sales were reported flat: 0.0% v +0.2%. The market gapped up … Continue reading

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tuesday update

SHORT TERM: pullback continues, DOW -9 Overnight the Asian markets gained 0.6%. European market, however, opened lower and lost 0.7%. The US index futures were higher overnight, but lost ground heading into the open. At the open the SPX was … Continue reading

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