Monthly Archives: May 2013

weekend update

REVIEW This week the US market was just moving along as it has been in recent weeks. Extending the uptrend and making all time new highs nearly every day. On Wednesday, when FED chairman Bernanke was reading his prepared report to … Continue reading

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friday update

SHORT TERM: market gaps down again, DOW +9 Overnight the Asian markets gained 0.3%. European markets opened higher but lost 0.5%. US index futures were first higher, then lower overnight. At 8:30 Durable goods orders were reported higher: +3.3% vs. -6.9%. The … Continue reading

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thursday update

SHORT TERM: market gaps down at open, DOW -13 Overnight the Asian market tumbled 3.9% – mostly Japan. Europe opened lower and lost 2.1%. US index futures were sharply lower overnight. At 8:30 weekly Jobless claims were reported lower: 340K … Continue reading

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an OEW bull market analysis/projection

We report every weekend, in the long term section, the current count and what wave pattern we see going forward. Understanding words are sometimes difficult to interpret, while pictures provide more information, we offer the following chart. If we treat … Continue reading

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wednesday update

SHORT TERM: after new high a large pullback, DOW -80 Overnight the Asian markets gained 0.3%. European markets opened lower, but gained 0.5%. US index futures were higher overnight. The market opened two points above Tuesday’s SPX 1669 close, and continued … Continue reading

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