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Monthly Archives: March 2014
monday update
SHORT TERM: gap up opening, DOW +135 Overnight the Asian markets gained 0.5%. European opened higher and gained 0.2%. US index futures were higher overnight, and the market gapped up to SPX 1869 at the open. The SPX had closed … Continue reading
weekend update
REVIEW The market started the week opening higher, but then took on the character that had started on expiration Friday: sell growth stocks after the opening. During the week the market had three gap up openings, no gap downs, and … Continue reading
friday update
SHORT TERM: another gap up opening sold, DOW +59 Last night FED governor Tarullo gave a speech in NY: http://www.federalreserve.gov/newsevents/speech/tarullo20140327a.htm. Overnight the Asian markets gained 0.7%. European markets opened higher and gained 0.8%. US index futures were higher overnight as … Continue reading
thursday update
SHORT TERM: choppy day, DOW -5 Last night the FED released this report on the banks: http://www.federalreserve.gov/newsevents/press/bcreg/20140326a.htm. Overnight the Asian markets gained 0.4%. European markets opened lower and lost 0.1%. US index futures were higher overnight. At 8:30 Q4 GDP … Continue reading
wednesday update
SHORT TERM: another gap up opening sold, DOW -99 Overnight the Asian markets gained 0.4%. Europe opened higher and gained 0.7%. US index futures were again higher overnight, and at 8:30 Durable goods orders were reported higher: +2.2% v -1.0%. The … Continue reading
the ELLIOTT WAVE lives on 
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