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Monthly Archives: June 2013
weekend update
REVIEW Wild week! Monday started off with a gap down opening pushing the SPX down to 1560. Then for the next three days the market gapped up, hitting SPX 1620 on Thursday. Friday appeared to be a consolidation day as … Continue reading
friday update
SHORT TERM: choppy day on Wall Street, Dow -115 Overnight the Asian markets gained 2.7%. Europe opened higher but lost 0.5%. At 8:30 FED governor Stein’s speech was released: http://www.federalreserve.gov/newsevents/speech/stein20130628a.htm. US index futures were higher, then lower overnight, and the market … Continue reading
thursday update
SHORT TERM: third gap up opening in a row, DOW +114 Overnight the Asian markets gained 1.7%. Europe opened higher and gained 1.0%. US index futures were also higher overnight. At 8:30 weekly Jobless claims were reported lower: 346K vs … Continue reading
wednesday update
SHORT TERM: market gaps up again, DOW +150 Overnight the Asian markets gained 0.3%. Europe opened lower but gained 1.6%. US index futures were lower, then higher overnight. At 8:30 Q1 GDP was reported lower than expected at +1.8% vs … Continue reading
tuesday update
SHORT TERM: market gaps up, DOW +101 Overnight the Asian markets ended mixed. European markets opened higher and gained 1.4%. US index futures were much higher overnight. Last night FED director Vermilyea’s senate testimony was released regarding student loans: http://www.federalreserve.gov/newsevents/testimony/vermilyea20130625a%20.htm. At … Continue reading
the ELLIOTT WAVE lives on 
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