Tag Archives: elliott wave

weekend update

REVIEW The market opened the week at SPX 2123. It then made marginal new all time highs on Monday, Tuesday, and also Wednesday, before going into a trading range for the rest of the week. The entire range for the week … Continue reading

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Friday update

SHORT TERM: trendless pre-holiday trading, DOW -54 Overnight the Asian markets gained 0.8%. Europe opened lower and lost 0.1%. US index futures were lower overnight, and at 8:30 the CPI was reported higher: +0.1% v +0.2%. The market opened two … Continue reading

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Thursday update

SHORT TERM: drift higher continues, DOW unchanged Overnight the Asian markets were mixed. Europe opened lower but gained 0.2%. US index futures were lower overnight, and at 8:30 weekly Jobless claims were reported higher: 274k v 264k. The market opened … Continue reading

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Wednesday update

SHORT TERM: marginal new highs again, DOW -27 Overnight the Asian markets gained 0.4%. Europe opened higher and gained 0.2%. US index futures were higher overnight, and the market opened one point above yesterday’s SPX 2128 close. After the open … Continue reading

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Asian market update 2015

We track eight country indices in the Asian group. Generally they all bottomed around 2008/2009, surged higher into 2010/2011, corrected, and then most turned quite choppy. A few in the group emerged out of the choppiness and actually started impulsing after beginning … Continue reading

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Tuesday update

SHORT TERM: marginal new high, DOW +14 Overnight the Asian market gained 0.3%. European markets rallied on the decline in the Euro gaining 1.6%. US index futures were higher overnight. At 8:30 Housing starts were reported higher: 1135k v 926k, … Continue reading

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Europe plus Commodity group update 2015

We continue the International indices update with the European indices that made bear market lows in 2012. These three indices were the most severely impacted by the European debt crisis of 2011/2012. While most of Europe was bottoming in 2009, … Continue reading

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