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Monthly Archives: June 2012
weekend update
REVIEW Another wild week on Wall Street as the market had gap openings on four of the five days. In the end it was a positive week as there was a gap up opening on friday which took the market … Continue reading
Posted in weekend update
Tagged commodities, currencies, elliott wave, investing, markets, OEW
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friday update
SHORT TERM: market gaps up and keeps going, DOW +278 Overnight the EU apparently concluded their meeting with a plan to aide their distressed soverign debt issues without forcing austerity programs on those that meet their fiscal budgets. The EURO rallied 2% on … Continue reading
thursday update
SHORT TERM: gap down opening – afternoon rebound, DOW -25 Overnight the Asian markets gained 0.3%. European markets opened lower and lost 0.8%. US index futures were lower overnight. At 8:30 Q1 GDP was reported as expected at +1.9%, and weekly Jobless … Continue reading
wednesday update
SHORT TERM: market rebound continues, DOW +93 Overnight the Asian markets gained 0.7%. European markets opened higher and gained 1.5%. US index futures were slightly higher overnight, and at 8:30 Durable goods orders were reported higher: +1.1% vs 0.0%. The … Continue reading
two year Tech cycle
In July 2010 we published a piece suggesting the two year cycle low in Tech was scheduled to bottom in August. It did, and the stock market soared. This year, two years later, we are expecting it to bottom in … Continue reading
tuesday update
SHORT TERM: market rebounds, DOW +32 Overnight the Asian markets lost 0.1%. Europe open higher but closed down 0.1% as well. US index futures were higher overnight, and at 9:00 Case-Shiller was reported higher: 135.80 vs 134.08. The market opened higher … Continue reading
monday update
SHORT TERM: decline resumes, DOW -138 Overnight the Asian markets lost 0.6%. European markets opened lower and lost 1.8%. US index futures were lower overnight as well. The market gapped down at the open to SPX 1325 and headed lower. The … Continue reading
