Monthly Archives: January 2018

Weekend update

REVIEW The market started the week at SPX 2786. After a Monday holiday, the market gapped up on Tuesday to new highs (2808), then pulled back to 2769 before rebounding in the afternoon. Wednesday had another gap up opening, but the high … Continue reading

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Thursday update

SHORT TERM: consolidation day, DOW -98 Overnight the Asian markets gained 0.1%. Europe opened higher and gained 0.1% as well. US index futures were lower overnight. At 8:30 building permits, housing starts, and the Philly FED were all reported lower, … Continue reading

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Tuesday update

SHORT TERM: gap up opening then decline, DOW -10 Overnight the Asian markets gained 0.8%. Europe opened higher and gained 0.2%. US index futures were higher overnight, and at 8:30 the NY FED index was reported lower. The market gapped … Continue reading

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Weekend update

REVIEW The week started at SPX 2743. On Monday/Tuesday the market made new highs. Then after a pullback into Wednesday morning the market made higher highs into Friday’s close. For the week the SPX/DOW gained 1.6%, and the NDX/NAZ gained 1.5%. … Continue reading

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OEW tutoring

All markets are driven by long term investor confidence cycles. When the cycle is positive a bull market unfolds, when negative a bear market. The Objective Elliott Wave (OEW) technique not only determines if a market is bullish or bearish, it … Continue reading

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Thursday update

SHORT TERM: gap up opening, DOW +206 Overnight the Asian markets ended mixed. Europe opened lower and lost 0.2%. US index futures were higher overnight. At 8:30 the PPI was reported lower and weekly jobless claims were higher. After pulling … Continue reading

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Tuesday update

SHORT TERM new highs then late pullback, DOW +103 Overnight the Asian markets gained 0.4%. Europe opened higher and gained 0.4% as well. US index futures were higher overnight. The market opened at SPX 2754, 6 points above yesterday’s 2748 … Continue reading

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