Monthly Archives: September 2011

FED’s adjusted monetary base

When the FED started increasing the monetary base exponentially in 2008 we started tracking its growth in Elliott Wave terms. Our first piece on this topic was published in November 2010: https://caldaro.wordpress.com/2010/11/29/feds-adjusted-monetary-base/. Then, we expected the monetary base to bottom just … Continue reading

Posted in special report | Tagged , , , , , , | 94 Comments

weekend update

REVIEW After some big gains last week and a SPX 1216 close, the market gave it all back this week with a SPX 1136 close. Economic reports were light, but still mostly to the downside. On the positive were building … Continue reading

Posted in weekend update | Tagged , , , , , , | 69 Comments

friday update

SHORT TERM: market opens lower but recovers, DOW +38 Overnight the Asian markets were all lower. Europe opened higher and closed +0.45%. US index futures were higher, then lower, overnight and the market opened lower at SPX 1123. In the … Continue reading

Posted in Updates | Tagged , , , , , , | 27 Comments

thursday night update

After reviewing the final charts we had a chance to get a better perspective on the recent activities in this market. We believe the NYSE and, to a lesser extent, the TRAN are illustrating the July downtrend has resumed. Notice both … Continue reading

Posted in Updates | Tagged , , , , , , | 75 Comments

thursday update

SHORT TERM: worldwide selloff continues, DOW -391 Overnight the Asian markets were all substantially lower. Europe opened lower and closed -4.8%. US index futures were much lower overnight as well. At 8:30 weekly Jobless calims came in slightly lower: 423K … Continue reading

Posted in Updates | Tagged , , , , , , | 26 Comments