Monthly Archives: February 2018

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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Tuesday update

SHORT TERM: gap down opening then reversal, DOW +39 Overnight the Asian markets gained 0.2%. Europe opened lower and lost 0.5%. US index futures were lower overnight and the market opened at SPX 2640. The SPX had closed at 2656 … Continue reading

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Weekend update

REVIEW This historic, volatile, week started at SPX 2762. After a gap down opening on Monday the market rallied back to unchanged in the first half-hour. Then the market resumed last week’s slide hitting SPX 2593 right after the gap down open … Continue reading

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Thursday update

SHORT TERM: unbalanced markets continue, DOW -1033 Overnight the Asian markets gained 0.8%. Europe opened lower and lost 2.0%. US index futures were down big early, then recovered to about flat at the open. The SPX opened at 2685, three … Continue reading

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