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Monthly Archives: January 2013
thursday update
SHORT TERM: pullback continues, DOW -50 Overnight the Asian markets lost 0.2%. Europe opened lower and lost 0.7%. US index futures were lower overnight. At 8:30 weekly Jobless claims were reported higher: 368K vs 330K, Personal income was higher: +2.6% … Continue reading
wednesday update
SHORT TERM: interesting FOMC day, DOW -44 Overnight the Asian markets gained 1.0% – mostly Japan. Europe opened lower and lost 0.4%. US index futures were lower overnight. At 8:15 ADP was reported lower: 192K vs 215K, then at 8:30 Q4 … Continue reading
tuesday update
SHORT TERM: new uptrend highs, DOW +72 Overnight the Asian markets were mixed and closed flat. Europe opened higher and gained 0.3%. US index futures were higher/lower overnight, and at 9:00 Case-Shiller was reported higher: +5.5% vs +4.3%. The market opened … Continue reading
monday update
SHORT TERM: consolidation day, DOW -14 Overnight the Asian markets lost 0.2%. Europe opened higher but ended the day mixed. US index futures were mixed overnight as well, and at 8:30 Durable goods orders were reported higher: +4.6% vs +0.8%. … Continue reading
weekend update
REVIEW Another productive week for the equity markets. For the second week in a row the SPX made new bull markets highs, and is now just 5% below its all time high. The DOW is around 2% below its all … Continue reading
the ELLIOTT WAVE lives on 
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