Tag Archives: elliott wave

weekend update

REVIEW The market started the week with a gap up opening on monday, hit SPX 2005 on tuesday before noon, then traded in a 14 point range for the rest of the week. For the week the SPX/DOW were +0.7%, … Continue reading

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friday update

SHORT TERM: choppy day, DOW +19 Overnight the Asian markets lost 0.1%. Europe opened higher but lost 0.1% too. US index futures were higher overnight. At 8:30 Personal income was reported higher +0.2% v +0.4%, spending lower -0.1% v +0.4%, … Continue reading

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thursday update

SHORT TERM: gap down opening-then bounce, DOW -42 Overnight the Asian markets lost 0.3%. Europe opened lower and lost 0.8%. US index futures traded lower overnight. At 8:30 Q2 GDP was revised upward: +4.2% v +4.0%, and weekly Jobless claims … Continue reading

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wednesday update

SHORT TERM: market finishes mixed, DOW +15 Overnight the Asian markets ended mixed. Europe opened higher but closed mixed as well. US index futures were higher overnight, and the market opened two points above yesterday’s SPX 2000 close. That was … Continue reading

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tuesday update

SHORT TERM: higher open-new high, DOW +30 Overnight the Asian market lost 0.3%. Europe opened higher and gained 1.0%. US index futures were higher overnight, and at 8:30 Durable goods orders were reported higher: +22.6% v +1.7%. At 9am Case-Shiller … Continue reading

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monday update

SHORT TERM: gap up – new highs, DOW +76 Overnight the Asian markets gained 0.3%. Europe opened higher and gained 1.7%. US index futures were higher overnight, and the market gapped up to new highs at the open: SPX 1997. … Continue reading

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weekend update

REVIEW US markets rise for third week in a row. The week started off with a gap up on monday, and then continued to rise every day until thursday. When it hit a new all time high at SPX 1995. … Continue reading

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