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Monthly Archives: October 2016
Monday update
SHORT TERM: consolidation day, DOW -19 Overnight the Asian markets ended mixed. Europe opened lower and lost 0.5%. US index futures were higher overnight. At 8:30 personal income (0.3% v 0.2%)/spending (0.5% v 0.0%) was reported higher, and the PCE … Continue reading
weekend update
REVIEW The market started the week at SPX 2141. After a gap up opening on Monday, and a SPX 2155 high, the market pulled back into Wednesday hitting 2132. Another gap up opening on Thursday took the market to SPX … Continue reading
friday update
SHORT TERM: recent pullback continues, DOW -8 Overnight the Asian markets ended mixed. Europe opened lower but gained 0.1%. US index futures were higher, then lower overnight. At 8:30 Q3 GDP was reported higher: 2.9% v 1.4%. The market opened 4 … Continue reading
Thursday update
SHORT TERM: gap up opening sold, DOW -30 Overnight the Asian markets lost 0.4%. Europe opened lower but gained 0.2%. US index futures were lower overnight, then turned higher. At 8:30 weekly jobless claims were reported lower: 258K v 260K, … Continue reading
Wednesday update
SHORT TERM: gap down opening, DOW +30 Overnight the Asian markets lost 0.6%. Europe opened lower and lost 0.5%. US index futures were lower overnight, and the market gapped down at the open to SPX 2134. The SPX had closed … Continue reading
the ELLIOTT WAVE lives on 
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