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Monthly Archives: July 2017
Monday update
SHORT TERM: higher open then pullback, DOW +61 Overnight the Asian markets gained 0.6%. Europe opened lower and lost 0.3%. FED vice chair Fischer released a speech right before the open: https://www.federalreserve.gov/newsevents/speech/fischer20170731a.htm. The market opened at SPX 2477, five points … Continue reading
Weekend update
REVIEW The week started at SPX 2473. With nothing more than a pullback to SPX 2466 on Monday, the market worked its way to a new all-time high at 2484 on Thursday. After opening at the high the market started … Continue reading
Friday update
SHORT TERM: lower opening then consolidation, DOW +34 Overnight the Asian markets lost 0.4%. Europe opened lower and lost 0.8%. US index futures were lower overnight, and at 8:30 Q2 GDP was reported higher (+2.6%). The market opened six points … Continue reading
Thursday update
SHORT TERM: higher open then sharp pullback, DOW +86 Overnight the Asian markets gained 0.3%. Europe opened lower and lost 0.3%. US index futures were higher overnight. At 8:30 jobless claims were reported higher, and durable goods orders were reported … Continue reading
Wednesday update
SHORT TERM: higher open – then pullback, DOW +98 Overnight the Asian markets gained 0.5%. Europe opened lower but gained 0.3%. US index futures were higher overnight, and the market opened 5 points above yesterday’s SPX 2477 close. Right after … Continue reading
the ELLIOTT WAVE lives on 
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