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Monthly Archives: February 2016
Monday update
SHORT TERM: roller coaster day, DOW -123 Overnight the Asian markets lost 1.0%. Europe opened lower but gained 0.7%. US index futures traded generally lower overnight. The market opened three points below Friday’s SPX 1948 close, then bounced to 1950 … Continue reading
weekend update
REVIEW The market started the week at SPX 1918. After a gap up opening on Monday the market rallied to SPX 1947. After that it pulled back, aided by two gap down openings, to SPX 1891 by Wednesday. Then helped … Continue reading
Friday update
SHORT TERM: gap up opening faded, DOW -57 Overnight the Asian markets gained 1.2%. Europe opened higher and gained 1.7%. US index futures were higher overnight as well. At 8:30 Q4 GDP wad revised higher: +1.0% v +0.7%, Personal income … Continue reading
Thursday update
SHORT TERM: gap up opening, DOW +212 Overnight the Asian markets lost 0.3%. Europe opened higher and gained 2.2%. US index futures were higher overnight. At 8:30 weekly Jobless claims were reported higher: 272K v 262K, and Durable goods were … Continue reading
Wednesday update
SHORT TERM: another gap opening, DOW +53 Last night FED vice chair Fischer gave a speech: http://www.federalreserve.gov/newsevents/speech/fischer20160223a.htm. Asian markets lost 1.1%. European markets opened lower and lost 2.1%. US index futures were lower overnight. The market gapped down at the … Continue reading
the ELLIOTT WAVE lives on 
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