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Monthly Archives: January 2016
weekend update
REVIEW Another volatile week! The week started off at SPX 1907, traded down to 1876 on Monday, then rallied to 1917 on Wednesday before the FOMC statement. After the statement was released the market traded down to SPX 1873, retested … Continue reading
Friday update
SHORT TERM: gap up and go Friday, DOW +396 Overnight the Asian markets gained 2.4% on the BOJ’s venture into negative rates. Europe opened higher and gained 2.1%. US index futures were much higher overnight. At 8:30 Q4 GDP was … Continue reading
Thursday update
SHORT TERM: gap up opening volatile day. DOW +125 Overnight the Asian markets ended mixed. Europe opened lower and lost 1.6%. US index futures were lower, then higher, overnight. At 8:30 weekly Jobless claims were reported lower: 278K v 294K, … Continue reading
Wednesday update
SHORT TERM: another volatile FED day, DOW -223 Overnight the Asian markets gained 1.2%. Europe opened lower but gained 0.8%. US index futures were lower overnight and the market gapped down at the open to SPX 1896. The market had … Continue reading
Tuesday update
SHORT TERM: gap up turnaround, DOW +282 Overnight the Asian markets lost 2.5%. Europe opened lower but gained 0.5%. US index futures were sharply lower, China lost 6+%, then rebounded with a rally in Crude. At 9am Case-Shiller was reported … Continue reading
the ELLIOTT WAVE lives on 
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