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Monthly Archives: July 2012
tuesday update
SHORT TERM: pullback continues, DOW -64 Overnight the Asian markets gained 0.8%. Europe opened lower and closed -0.6%. US index futures were higher overnight. At 8:30 Personal income was reported higher: +0.5% vs +0.2%, but Personal spending was unchanged: 0.0% vs … Continue reading
monday update
SHORT TERM: new uptrend high then pullback, DOW -3 Overnight the Asian markets gained 1.5%. Europe opened higher and gained 1.2%. US index futures were lower overnight, and the market opened at SPX 1385 – one point lower than friday’s close. The … Continue reading
weekend update
REVIEW Despite all the negativity surrounding the US market, and foreign markets, the current uptrend made a new high this week. The week started off with a gap down on monday, a SPX 1329 low on tuesday, then rallied to close out … Continue reading
friday update
SHORT TERM: market gaps up again, DOW +188 Last night the FED reported an increase in the monetary base: $2.94 tln vs $2.65 tln, and an increase in the M1 multiplier to 0.868. Overnight the Asian markets gained 1.5%. Europe … Continue reading
thursday update
SHORT TERM: markets gaps up on Euro rally, DOW +212 Overnight the Asian markets lost 0.1%. Europe opened lower but rallied, after ECB president Draghi’s comments, gaining 2.6%. US index futures responded, after the comments, with a surge. At 8:30 … Continue reading
the ELLIOTT WAVE lives on 
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