Monthly Archives: February 2018

Tuesday update

SHORT TERM: flat open then decline, DOW -299 Overnight the Asian markets finished mixed. Europe opened higher but lost 0.1%. US index futures were relatively flat overnight. At 8:30 durable goods were reported lower and at 9am Case-Shiller was reported … Continue reading

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Weekend update

REVIEW The holiday shortened week started at SPX 2732. The market gapped down on Tuesday, traded down to SPX 2707, then rallied to 2748 by Wednesday. Another pullback took the SPX to 2698 by Thursday. Then the market rallied to close … Continue reading

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Thursday update

SHORT TERM: gap up opening, DOW +165 Overnight the Asian markets lost 0.9%. Europe opened lower and lost 0.1%. US index futures were lower, then higher overnight and at 8:30 jobless claims were reported lower. The market gapped up at … Continue reading

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Tuesday update

SHORT TERM: gap down opening decline, DOW -255 Overnight the Asian markets lost 0.7%. European markets opened higher and gained 0.5%. US index futures were lower overnight, and the market gapped down to SPX 2720 at the open. The SPX … Continue reading

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Weekend update

REVIEW The week started at SPX 2620. Volatility continued, but with market trading more balanced the slant this week was to the upside. On Monday the SPX hit 2673, pulled back to 2637 by Tuesday, rallied to 2702 by Wednesday, then … 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, pullback, then higher highs: DOW +307 Overnight the Asian markets gained 1.3%. Europe opened higher and gained 0.5%. US index futures were higher overnight. At 8:30 jobless claims were reported higher, the PPI higher, the … Continue reading

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