Tag Archives: elliott wave

Monday update

SHORT TERM: pullback resumes, DOW -27 Overnight the Asian markets lost 0.2%. Europe opened lower and lost 0.7%. US index futures were lower overnight, and the market opened 4 points below Friday’s SPX 2271 close. In the opening minutes the … Continue reading

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weekend update

REVIEW This holiday shortened week started at SPX 2275. The market opened lower on Tuesday, remained in the same lower range on Wednesday, dropped to SPX 2258 on Thursday, then rallied to 2277 on Friday, and ended the week at … Continue reading

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Friday update

SHORT TERM: gap up opening faded, DOW +95 Last night FED chair Yellen gave a speech on the economy and FED policy: https://www.federalreserve.gov/newsevents/speech/yellen20170119a.htm. Overnight Asian markets lost 0.5%. European markets opened lower but gained 0.1%. US index futures were higher … Continue reading

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Thursday update

SHORT TERM: market declines after higher open, DOW -72 Overnight the Asian markets gained 0.3%. Europe opened higher, but lost 0.3%. US index futures were lower overnight. At 8:30 weekly jobless claims were reported lower: 234K v 247K, housing starts … Continue reading

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Wednesday update

SHORT TERM: quiet sideways day, DOW -22 Overnight the Asian markets gained 0.6%. Europe opened higher and gained 0.3%. US index futures were flat overnight. At 8:30 the CPI was reported higher: 0.3% v 0.2%, and at 9:15 industrial production … Continue reading

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Tuesday update

SHORT TERM: lower open on pullback Tuesday, DOW -59 Overnight the Asian markets lost 0.4%. Europe opened lower and lost 0.7%. US index futures were lower yesterday, and overnight, and at 8:30 the NY FED was reported lower: 6.5 v … Continue reading

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weekend update

REVIEW The market started the week at SPX 2177. After a quiet session Monday the market inched up to SPX 2279 by Tuesday. Then Wednesday and Thursday the SPX declined to 2254. After that low the market rallied back to … Continue reading

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