Tag Archives: markets

Weekend update

REVIEW. The week started at SPX 2779. The market opened slightly higher Monday. Rallied to SPX 2790. Then bounced off of SPX 2789/91 for the next three days. On Friday’s option expiration, the market gapped down, hit SPX 2762, then rebounded to … Continue reading

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Wednesday update

While the US appears to remain on cruise control we have been uncluttering the weekly charts on the chart link. Some go back to 2009 with lots and lots of historical, but currently unnecessary waves. For example the AAPL weekly … Continue reading

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Weekend update

REVIEW The week started at SPX 2735. The market gapped up on Monday to start the week. Then it made a higher high, than the day before, every day until Thursday when it hit SPX 2780. After that it pulled back by … 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: lower open choppy day, DOW -55 Overnight the Asian market lost 0.1%. Europe opened higher and gained 0.9%. US index futures were lower overnight. At 8:30 weekly jobless claims were reported higher and the Philly FED higher. The … Continue reading

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Tuesday update

SHORT TERM: gap down opening DOW -193 Overnight US index futures were lower, and at 8:30 retail sales and the NY FED were reported higher. Nevertheless the market gapped down at the open to SPX 2715, and continued down to 2704 … Continue reading

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Weekend update

REVIEW The week started at SPX 2663. After a gap up opening Monday the market rallied to SPX 2683. On Tuesday it pulled back to SPX 2655. Then it rallied for the rest of the week, reaching SPX 2733 on … Continue reading

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