Monthly Archives: July 2018

Wednesday update

SHORT TERM: higher open, DOW +79 For the first three days of the week Asian markets have been marginally higher, and European markets up about 1%. The SPX opened slightly higher on Monday, dipped to 2789 by Tuesday morning, then hit an new … Continue reading

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Weekend update

REVIEW The week started at SPX 2760. After a gap up opening on Monday, and higher open Tuesday, the SPX rallied to 2796. A gap down opening on Wednesday took the SPX to 2771. But the market gapped up on Thursday, hit … 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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Wednesday update

SHORT TERM: gap down opening, DOW -219 The SPX rallied 1.2% the first two days of the week. Then overnight Tuesday, it was reported the US was preparing an additional $200B in tariffs against China. Naturally China stated they would … Continue reading

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Weekend update

REVIEW The week started at SPX 2718. After a gap down opening on Monday to SPX 2699, the market rallied for the rest of this holiday week. Tuesday’s gap up opening carried the SPX to 2737. Then after a pullback … Continue reading

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Fourth of July update

SHORT TERM: national holiday in US For the first three days of this week we have seen the Asian markets decline, and European markets slip lower as well. US markets opened Monday with a gap down, hit SPX 2699 soon after … Continue reading

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