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Monthly Archives: May 2016
Tuesday update
SHORT TERM: higher open then pullback, DOW -86 Over the extended weekend the Asian markets gained 0.6%, and the European markets lost 0.6%. US index futures were higher overnight. At 8:30 Personal income (+0.4% v +0.4%)/spending (+1.0% v +0.1%) were reported … Continue reading
weekend update
REVIEW The market started the week at SPX 2052. After a small pullback to SPX 2047 on Monday the market started to rally. Tuesday and Wednesday had gap up openings as the SPX reached 2095. Then for the remainder of … Continue reading
Friday update
SHORT TERM: market drifts higher, DOW +45 Overnight the Asian markets gained 0.8%. Europe opened lower but gained 0.1%. US index futures were higher overnight, and at 8:30 Q1 GDP was reported higher: +0.8% v +0.5%. The market opened two … Continue reading
Thursday update
SHORT TERM: quiet day ahead of Friday’s GDP report, DOW -23 Overnight the Asian markets gained 0.6%. Europe opened higher and gained 0.5%. US index futures were higher overnight. At 8:30 weekly Jobless claims were reported lower: 268K v 278K, … Continue reading
Wednesday update
SHORT TERM: gap up opening again, DOW +145 Overnight the Asian markets gained 2.2%. Europe opened higher and gained 1.1%. US index futures were higher overnight, and at 9am FHFA housing was reported higher: +0.7% v +0.4%. The market gapped up … Continue reading
the ELLIOTT WAVE lives on 
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