the ELLIOTT WAVE lives on

Thursday update

Thursday update

SHORT TERM: recent rally resumes, DOW +69 Overnight the Asian markets lost 0.3%. Europe opened higher and gained 0.2%. US index futures were relatively flat overnight. At 8:30 Q4 GDP was reported higher: 2.1% v 1.9%, and weekly jobless claims were reported unchanged at 258K. The market opened unchanged at SPX 2361, dipped to 2359 […]

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Wednesday update

Wednesday update

SHORT TERM: lower open then rebound, DOW -42 Overnight the Asian markets gained 0.3%. Europe opened higher and gained 0.4%. US index futures were lower overnight, and the market opened 5 points below yesterday’s SPX 2359 close. In the opening minutes the market ticked down to SPX 2353, then rallied to 2362 by 11am. At […]

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Tuesday update

Tuesday update

SHORT TERM: lower open then market rallies, DOW +151 Overnight the Asian markets gained 0.8%. Europe opened higher and gained 0.9%. US index futures were relatively flat overnight, and at 9am Case-Shiller was reported higher: 5.9% v 5.6%. The market opened 3 points below yesterday’s SPX 2342 close, bounced to 2344 in the opening minutes, […]

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Monday update

Monday update

SHORT TERM: gap down opening then rebound, DOW -46 Overnight the Asian markets lost 0.9%. Europe opened lower and lost 0.4%. US index futures were sharply lower overnight, and the market gapped down to SPX 2323 at the open. The market had closed at SPX 2344 on Friday. In the opening minutes the SPX hit […]

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Swarm returns on Tuesday at 5pm

Swarm returns on Tuesday at 5pm

We had some technical problems last week and the Swarm session was cancelled. As a result we are getting a jumpstart on this week’s session. If you have not previously participated and would like to, please follow the instructions in the second paragraph of this link: https://caldaro.wordpress.com/2017/02/05/swarm-intelligence/. Please fill out this survey any time before entering […]

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weekend update

weekend update

REVIEW The market started the week at SPX 2378. After a pullback to SPX 2370 on Monday, the market gapped up to 2382 on Tuesday. But that was immediately sold off and the market hit SPX 2336 by Wednesday. Thursday the market rebounded to SPX 2359, then on Friday the market retested 2336 and ended the week […]

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Friday update

Friday update

SHORT TERM: higher open then another choppy day, DOW -60 Overnight the Asian markets gained 0.4%. Europe opened lower but finished mixed. US index futures were higher overnight, and at 8:30 durable goods orders were reported higher: 1.7% v 1.8%. The market opened at SPX 2351, rallied to 2356 by 11am, and then began to […]

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Thursday update

Thursday update

SHORT TERM: lower open in choppy day, DOW -5 Overnight the Asian markets gained 0.3%. Europe opened higher and gained 0.7%. US index futures were higher overnight, and at 8:30 weekly jobless claims were reported higher: 258K v 241K. The market opened 4 points below yesterday’s SPX 2348 close, ticked down to 2343 in the […]

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Wednesday update

Wednesday update

SHORT TERM: consolidation day, DOW -7 Overnight the Asian markets lost 1.4%. Europe opened lower and lost 0.5%. US index futures were relative flat overnight, and at 9am the FHFA was reported unchanged. The market opened 4 points below yesterday’s SPX 2344 close, bounced to 2345 in the opening minutes, then declined to 2336 by 10:30. […]

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Tuesday update

Tuesday update

SHORT TERM: gap up opening then selloff, DOW -238 Overnight the Asian markets ended mixed. Europe opened higher but lost 0.6%. US index futures were higher overnight, and the market gapped up to SPX 2380 at the open. The market had closed at SPX 2373 yesterday. In the opening minutes the SPX hit 2382, then […]

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Monday update

Monday update

SHORT TERM: lower open pullback continues, DOW -9 Overnight the Asian markets gained 0.1%. Europe opened lower and lost 0.2%. US index futures were lower overnight and the market opened 3 points below Friday’s SPX 2378 close. In the opening minutes the market ticked down to SPX 2374, then rallied to 2380 by 10:30. After […]

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weekend update

weekend update

REVIEW The market started the week at SPX 2373. After ticking up to SPX 2374 on Monday the market gapped down on Tuesday to SPX 2358. After that it rallied to SPX 2390, after the FED raised rates 25 bps to 1.0% on Wednesday. Then it pulled back to SPX 2378 to end the week. For the […]

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Friday update

Friday update

SHORT TERM: indecisive options expiration, DOW -20 Overnight the Asian markets were mixed. Europe opened lower but gained 0.2%. US index futures were higher overnight. At 9:15 industrial production was reported unchanged, and capacity utilization was reported higher: 75.4 v 75.3. The market opened 3 points above yesterday’s SPX 2381 close, then started to pullback. At […]

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Thursday update

Thursday update

SHORT TERM: higher open then pullback, DOW -16 Overnight the Asian markets gained 1.0%: mostly Hong Kong. Europe opened higher and gained 0.2%. US index futures were higher overnight as well. At 8:30 weekly jobless claims were reported lower: 241K v 243K, housing starts were reported higher: 1288K v 1246K, building permits were reported lower: 1213K […]

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Wednesday update

Wednesday update

SHORT TERM: higher open FED raises 25 bps, DOW +113 Overnight the Asian markets lost 0.1%. Europe opened higher and gained 0.2%. US index futures were higher overnight. At 8:30 the CPI was reported higher: 0.1% v 0.6%, retail sales were reported higher: 0.1% v 0.4%, and the NY FED was reported lower: 16.4 v […]

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Tuesday update

Tuesday update

SHORT TERM: gap down opening then bounce, DOW -44 Overnight the Asian markets gained 0.5% – mostly India. Europe opened lower and lost 0.2%. US index futures were lower overnight, and broke lower after Crude started selling off. At 8:30 the PPI was reported higher: 0.3% v 0.6%, and the FED started their 2-day FOMC meeting. […]

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quick update: Swarm A. I. Tuesday

quick update: Swarm A. I. Tuesday

Today at 5pm eastern time we are having our financial asset market Swarm in our ongoing scientific study. For those that participated in last week’s swarm – please join us again. If you did not participate and would like to, please follow the instructions in the second paragraph of this link: https://caldaro.wordpress.com/2017/02/05/swarm-intelligence/. Please fill out this survey […]

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Monday update

Monday update

SHORT TERM: quiet day, DOW -22 Overnight the Asian markets gained 0.4%. Europe opened higher and gained 0.2%. US index futures were relatively unchanged overnight, and the market opened unchanged at SPX 2373. After a tick up to SPX 2374 in the opening minutes the market started to pullback. At 11:30 the market hit SPX […]

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weekend update

weekend update

REVIEW The market started the week at SPX 2383. After a gap down opening on Monday the market declined to SPX 2355 by Thursday. Then a gap up opening on Friday carried the SPX to 2377, before ending the week at 2373. For the week the SPX/DOW lost 0.45%, and the NDX/NAZ were mixed. Economic […]

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Friday update

Friday update

SHORT TERM: gap up opening then pullback, DOW +45 Overnight the Asian markets gained 0.6%. Europe opened higher and gained 0.2%. US index futures were higher overnight. At 8:30 monthly payrolls were reported higher: 235K v 223K, and the unemployment rate improved: 4.7% v 4.8%. The market gapped up at the open to SPX 2376 […]

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