Tag Archives: elliott wave

Wednesday update

SHORT TERM: rally continues, DOW +121 Overnight the Asian markets gained 0.3%. Europe opened higher and gained 0.8%. US index futures were higher overnight, and the market opened three points above yesterday’s SPX 2093 close. After a dip to SPX … Continue reading

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Tuesday update

SHORT TERM: another turnaround Tuesday, DOW +190 Overnight the Asian markets gained 0.1%. Europe opened higher and gained 0.9%. US index futures were higher overnight, and at 9am Case-Shiller was reported flat: +4.9% v +4.9%. The market gapped up at … Continue reading

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Monday update

SHORT TERM: gap down opening, DOW -128 Overnight the Asian markets lost 2.0%. Europe opened lower and lost 2.0% as well. US index futures were lower overnight, and at 8:30 Durable goods orders were reported higher: +3.4% v -2.2%. The … Continue reading

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weekend update

REVIEW The week started off at SPX 2127. After a rally to SPX 2133 on Monday, completing eight straight days of higher highs/lows, the market headed lower for the rest of the week, with four straight days of lower highs/lows. … Continue reading

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Friday update

SHORT TERM: selling continues, DOW -163 Overnight the Asian markets lost 0.9%. Europe opened lower and lost 1.0%. US index futures were higher overnight, and the SPX opened at 2106. Right after that spike high opening, again not support by … Continue reading

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Thursday update

SHORT TERM: pullback continues, DOW -119 Overnight Asian markets gained 0.1%. Europe opened higher but lost 0.1%. US index futures were higher overnight, and at 8:30 weekly Jobless claims were reported lower: 255k v 281k. The market opened two points above … Continue reading

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Wednesday update

SHORT TERM: gap down opening, DOW -68 Overnight the Asian markets lost 0.3%. Europe opened lower and lost 0.9%. US index futures were lower overnight, and at 9am the FHFA was reported higher: +0.4% v +0.3%. The market gapped down … Continue reading

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