Tag Archives: elliott wave

weekend update

REVIEW The week started off at SPX 1971. On Monday, due to overnight selling, there was a huge gap down at the open to SPX 1875. Then after hitting SPX 1867 in the opening minutes the market rallied to 1954 … Continue reading

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Friday update

SHORT TERM: gap down opening, DOW -12 Overnight the Asian markets gained 0.9%. Europe opened lower but gained 0.4%. US index futures were lower overnight. At 8:30 Personal income (+0.4% v +0.4%)/spending (+0.3% v +0.2%) were reported higher, and the PCE was … Continue reading

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Thursday update

SHORT TERM: another gap up opening, DOW +369 Overnight the Asian markets gained 2.2%. Europe opened higher and gained 3.4%. US index futures were higher overnight. At 8:30 Q2 GDP was reported higher: +3.7% v +2.3%, and weekly Jobless claims … Continue reading

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Wednesday update

SHORT TERM: another gap up opening, DOW +619 Overnight the Asian markets gained 0.2%. Europe opened lower and lost 1.5%. US index futures were higher overnight, and at 8:30 Durable goods were reported higher: +2.0% v +3.4%. The market gapped up … Continue reading

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Tuesday update

SHORT TERM: gap up opening fails, DOW -205 Overnight the Asian market were still lower -0.8%. Europe opened higher and rebounded +3.9%. US index futures were much higher overnight. At 9am Case-Shiller was reported higher: +5.0% v +4.9%, and FHFA … Continue reading

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Monday update

SHORT TERM: flash crash Monday, DOW -588 Overnight the ES futures opened 10 points below Friday’s close. After an hour or so they were 20 points lower. Overnight they dropped to 60 points lower. Then about 1/2 hour before the open … Continue reading

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weekend update

REVIEW The market started the week at SPX 2092. After a gap down opening on Monday the market quickly recovered to hit SPX 2103. It traded at that level again on Tuesday, and then ran into three straight gap down … Continue reading

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