|
Stock Market Update |
|
the ELLIOTT WAVE lives on
|
OEW: an Objective approach to the Elliott Wave Theory
|
|
-
weekend update
REVIEW A nasty week in most of the world’s stock markets as the current downtrend extended. The SPX/DOW lost 3.9%, the biggest weekly drop since November, and the NDX/NAZ lost 5.3%. Asian markets were -4.0%, European markets were -5.0%, and the … Continue reading →
-
friday update
SHORT TERM: new downtrend lows, DOW -73 Overnight the Asian markets were mostly lower losing 1.3%. Europe opened lower and lost 0.7%. US index futures were higher overnight and the market opened higher at SPX 1308. The SPX had closed … Continue reading →
-
thursday update
SHORT TERM: downtrend extending, DOW -156 Overnight the Asian markets gained 0.3%. European markets, however, continued to decline losing 1.2%. US index futures were higher then flat overnight, and at 8:30 weekly Jobless claims were reported higher: 370K vs 367K. The … Continue reading →
-
wednesday update
SHORT TERM: downtrend may be bottoming, DOW -33 Overnight the Asian markets were mostly lower losing 2.0%. Europe firmed after being lower as well losing 0.2%. US index futures were higher overnight, and at 8:30 Housing starts were reported higher: … Continue reading →
-
tuesday update
SHORT TERM: consolidation day with lower low, DOW -63 Overnight the Asian markets were mostly higher gaining 0.2%. Europe opened higher but ended lower losing 0.6%. US index futures were higher overnight then reversed heading into the open. At 8:30 … Continue reading →
|
|
Stock Market Update