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Monthly Archives: December 2012
monday update
SHORT TERM: fiscal cliff drama continues, DOW +166 Overnight the Asian markets were mixed. Europe opened lower and closed -0.7%. US index futures were sharply lower after hours on friday, then rallied sunday night. At the open the SPX hit … Continue reading
weekend update
REVIEW The US market opened lower to start the week, continued lower for much of the holiday shortened week, and ended giving back all of last week’s gains. For the week the SPX/DOW -1.9%, and the NDX/NAZ were -2.1%. Asian markets gained … Continue reading
friday update
SHORT TERM: gap down opening, DOW -158 Overnight the Asian markets gained 0.5%. Europe opened higher but lost 0.9%. US index futures were lower overnight, and the market gapped down at the open to SPX 1411. The SPX had closed … Continue reading
thursday update
SHORT TERM: decline continues in bungee session, DOW -18 Overnight Asian markets gained 0.2%. Europe opened lower but gained 0.1%. US index futures were higher overnight, and at 8:30 weekly Jobless claims were reported lower: 350K vs 361K. The market … Continue reading
wednesday update
SHORT TERM: decline continues, DOW -24 Overnight the Asian markets that were open gained 1.2%. Most European markets were closed. US index futures were higher overnight, and at 9:00 Case-Shiller was reported higher: +4.3% vs +3.0%. The market opened one … Continue reading
the ELLIOTT WAVE lives on 
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