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Monthly Archives: August 2013
weekend update
REVIEW The week started off on a positive note. Continuing the rally from SPX 1639 and hitting 1670 on Monday. After that the market made a lower downtrend low on Wednesday, bounced, and nearly hit that low again on Friday. Talk … Continue reading
friday update
SHORT TERM: choppy market continues, DOW -31 Overnight the Asian markets gained 0.3%. Europe opened higher but lost 1.2%. US index futures were higher overnight. At 8:30 Personal income (+0.1% vs +0.3%)/spending (+0.1% vs +0.5%) and PCE prices (+0.1% vs + … Continue reading
thursday update
SHORT TERM: lower open then a rally, DOW +16 Overnight the Asian markets gained 1.3%. Europe opened higher and gained 0.7%. US index futures were higher overnight. At 8:30 Q2 GDP was reported higher than expected: +2.5% vs +1.7%, and weekly … Continue reading
wednesday update
SHORT TERM: flat opening, dip, then rally DOW +48 Overnight the Asian markets lost 1.0%. European markets opened lower and lost 0.5%. US index futures were slightly lower overnight, but the market opened flat at SPX 1630. In the first … Continue reading
tuesday update
SHORT TERM: gap down opening, DOW -170 Overnight the Asian markets lost 1.5%. Europe opened lower and lost 1.7%. US index futures were lower overnight as well. At 9:00 Case-Shiller was reported higher: +12.1% vs +12.2%. The market gapped down … Continue reading
the ELLIOTT WAVE lives on 
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