Monthly Archives: December 2018

Weekend update

REVIEW The week started at SPX 2417. After a gap down opening on Monday’s half-session the SPX closed at a new downtrend low of 2351. Trading resumed with a gap up opening on Wednesday to SPX 2386, which was quickly … Continue reading

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Wednesday update

SHORT TERM: gap up opening, pullback, then DOW +1086 For the first three days of the week not much happened in the foreign markets, as most were closed, or open a limited time. The US market, however, was a bit … Continue reading

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Weekend update

REVIEW Nastiest week of the bear market by far. The selling felt like it was on cruise control. The week started at SPX 2600. After a gap down opening on Monday the SPX made a new downtrend low at 2531. … Continue reading

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Wednesday update

SHORT TERM: flat open then typical FOMC selloff, DOW -352 The first three days of the week had Asian markets -0.4%, and European markets -1.3%. US markets gapped down on Monday, and made a new downtrend low at SPX 2531. … Continue reading

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Weekend update

REVIEW The market started this roller coaster week at SPX 2633. After the low open on Monday the market dropped to its lowest level of Intermediate wave A at SPX 2583. After that the market rallied strongly, went higher Tuesday, … Continue reading

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Wednesday update

SHORT TERM: gap up opening, DOW +157 For the first three days of the week Asian markets have gained 0.3%, and European markets have gained 1.7%. The US started the week at SPX 2633. On Monday it opened slightly lower, … Continue reading

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Weekend update

REVIEW Another volatile week. The week started off at SPX 2760, after the best week in 8 years. A gap up opening Monday put the SPX at 2800, and then it started to pullback. On Tuesday the market gapped down … Continue reading

Posted in weekend update | Tagged , , , | 733 Comments