Tag Archives: elliott wave

weekend update

REVIEW This week the US market was just moving along as it has been in recent weeks. Extending the uptrend and making all time new highs nearly every day. On Wednesday, when FED chairman Bernanke was reading his prepared report to … Continue reading

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friday update

SHORT TERM: market gaps down again, DOW +9 Overnight the Asian markets gained 0.3%. European markets opened higher but lost 0.5%. US index futures were first higher, then lower overnight. At 8:30 Durable goods orders were reported higher: +3.3% vs. -6.9%. The … Continue reading

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thursday update

SHORT TERM: market gaps down at open, DOW -13 Overnight the Asian market tumbled 3.9% – mostly Japan. Europe opened lower and lost 2.1%. US index futures were sharply lower overnight. At 8:30 weekly Jobless claims were reported lower: 340K … Continue reading

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an OEW bull market analysis/projection

We report every weekend, in the long term section, the current count and what wave pattern we see going forward. Understanding words are sometimes difficult to interpret, while pictures provide more information, we offer the following chart. If we treat … Continue reading

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wednesday update

SHORT TERM: after new high a large pullback, DOW -80 Overnight the Asian markets gained 0.3%. European markets opened lower, but gained 0.5%. US index futures were higher overnight. The market opened two points above Tuesday’s SPX 1669 close, and continued … Continue reading

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Currencies … update

We have been tracking currencies for a number of years. We tracked the worldwide volatility during 2008 – 2010. During 2010 we projected a declining USD, and rising foreign currencies into 2011/2012. Then when we started observing the blow off … Continue reading

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tuesday update

SHORT TERM: new highs again, DOW +52 Overnight the Asian markets lost 0.3%. Europe opened lower but gained 0.3%. US index futures were lower overnight, but the market opened two points above yesterday’s SPX 1666 close. By 10:00 the SPX … Continue reading

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the FED’s Monetary base … update

We have been tracking the Monetary base for a few years now as the FED went through its QE 1, QE 2, Operation Twist, and current QE 3 liquidity programs. As you are aware the Base, if you have been following … Continue reading

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monday update

SHORT TERM: OEW 1680 pivot range reached, DOW -19 Saturday FED chairman Bernanke gave the following speech: http://www.federalreserve.gov/newsevents/speech/bernanke20130518a.htm. Overnight Asian markets gained 1.0%. Europe opened higher and gained 0.7%. US index futures were relatively flat overnight, and the market opened one … Continue reading

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Commodity bear market

We have written about the commodity market over the years, and have been generally bearish for quite some time. The typical commodity bull market lasts about 13 years, followed by about a 21 year bear market. This is the 34-year … Continue reading

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