Monthly Archives: January 2018

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

Posted in Updates | Tagged , , , | 148 Comments