Tag Archives: investing

Weekend update

REVIEW The week started at SPX 2620. Volatility continued, but with market trading more balanced the slant this week was to the upside. On Monday the SPX hit 2673, pulled back to 2637 by Tuesday, rallied to 2702 by Wednesday, then … Continue reading

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OEW tutoring

All markets are driven by long term investor confidence cycles. When the cycle is positive a bull market unfolds, when negative a bear market. The Objective Elliott Wave (OEW) technique not only determines if a market is bullish or bearish, it … Continue reading

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Thursday update

SHORT TERM: gap up opening, pullback, then higher highs: DOW +307 Overnight the Asian markets gained 1.3%. Europe opened higher and gained 0.5%. US index futures were higher overnight. At 8:30 jobless claims were reported higher, the PPI higher, the … Continue reading

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Tuesday update

SHORT TERM: gap down opening then reversal, DOW +39 Overnight the Asian markets gained 0.2%. Europe opened lower and lost 0.5%. US index futures were lower overnight and the market opened at SPX 2640. The SPX had closed at 2656 … Continue reading

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Weekend update

REVIEW This historic, volatile, week started at SPX 2762. After a gap down opening on Monday the market rallied back to unchanged in the first half-hour. Then the market resumed last week’s slide hitting SPX 2593 right after the gap down open … Continue reading

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Thursday update

SHORT TERM: unbalanced markets continue, DOW -1033 Overnight the Asian markets gained 0.8%. Europe opened lower and lost 2.0%. US index futures were down big early, then recovered to about flat at the open. The SPX opened at 2685, three … Continue reading

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Tuesday update

SHORT TERM: 4th straight gap down opening, DOW +567 Overnight the Asian markets lost 3.8%. Europe opened lower and lost 2.0%. US index futures were sharply lower overnight, in volatile trade, and the market gapped down at the open for … Continue reading

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