Tag Archives: OEW

weekend update

REVIEW The week started at SPX 2213. After a lower opening on Monday the market pulled back to SPX 2198 by Tuesday. An OPEC pact to cut crude oil production helped the market rally to a marginal new high at SPX … Continue reading

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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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Friday update

SHORT TERM: consolidation day, DOW -22 Overnight the Asian markets lost 1.1%. Europe opened lower and lost 0.4%. US index futures were relatively flat overnight. At 8:30 monthly payrolls were reported higher: 178K v 161K, and the unemployment rate hit … Continue reading

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Thursday update

SHORT TERM: flat open then mixed market, DOW +68 Overnight the Asian markets gained 0.4%. Europe opened lower and lost 0.6%. US index futures were lower overnight, and at 8:30 weekly jobless claims were reported higher: 268K v 251K. The … Continue reading

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Wednesday update

SHORT TERM: higher open on OPEC deal, DOW +2 Overnight the Asian markets gained 0.4%. Europe opened higher and gained 0.3%. US index futures were higher overnight. At 8:15 the ADP was reported higher: 216K v 147K, at 8:30 personal … Continue reading

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Tuesday update

SHORT TERM: flat opening then rally, DOW +24 Overnight the Asian markets lost 0.2%. Europe opened lower but gained 0.3%. US index futures were higher overnight. At 8:30 Q3 GDP was reported higher: 3.2% v 2.9%, and at 9am Case-Shiller was … Continue reading

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Monday update

SHORT TERM: lower open pullback, DOW -54 Overnight the Asian market gained 0.2%. Europe opened lower and lost 0.9%. US index futures were lower overnight, and the market opened 5 points below Friday’s SPX 2213 record close. After a bump … Continue reading

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