Tag Archives: OEW

OEW tutoring

All markets are driven by long term investor psychology 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, … Continue reading

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weekend update

REVIEW The market started the week at SPX 2080. After a gap down opening on Monday the market hit SPX 2064. It then doubled bottomed and hit SPX 2111 by Wednesday. After a gap down opening Thursday to SPX 2095, … Continue reading

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Friday update

SHORT TERM: higher open then pullback, DOW -56 Overnight the Asian markets gained 0.7%. Europe opened higher and gained 0.5%. US index futures were lower overnight, but turned higher after the ECI was reported lower than expected. The market opened … Continue reading

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Thursday update

SHORT TERM: gap down opening but rebound, DOW -5 Overnight the Asian markets gained 0.4%. Europe opened higher and gained 0.5%. US index futures were lower overnight. At 8:30 Q2 GDP was reported higher:+2.3% v -0.2%, and weekly Jobless claims … Continue reading

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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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