the ELLIOTT WAVE lives on

Thursday update

Thursday update

SHORT TERM: higher open new highs, DOW +71 Overnight the Asian markets gained 0.9%. Europe opened lower and ended mixed. US index futures were higher overnight, and at 8:30 weekly jobless claims were reported higher: 234k v 233k. The market opened 6 points above yesterday’s SPX 2404 close and continued to rally. Just past 11am […]

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Wednesday update

Wednesday update

SHORT TERM: higher open and move higher, DOW +75 Overnight the Asian markets gained 0.2%. Europe opened higher and gained 0.1%. US index futures were higher overnight, and the market opened 4 points above yesterday’s SPX 2398 close. After the open the market started to drift lower. At 10am new home sales were reported lower: 5.57m […]

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Tuesday update

Tuesday update

SHORT TERM: higher open in quiet trading, DOW +43 Overnight the Asian markets lost 0.2%. Europe opened higher and gained 0.2%. US index futures were lower, then higher, overnight. At 8:30 new home sales were reported lower: 569k v 642k. The market opened 4 points above yesterday’s SPX 2394 close, then pulled back to 2394 […]

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Swarm today at 5pm, and last week’s results

Swarm today at 5pm, and last week’s results

Participation improved in the Swarm last week, and the results continue to be above the average response. After 14 weeks the Swarm is 67% accurate in the 6 sectors we track. And last week it was 67% accurate again. Impressive! If you have not previously participated and would like to, please follow the instructions in the second paragraph of this […]

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Monday update

Monday update

SHORT TERM: gap up opening and rally, DOW +90 Overnight the Asian markets gained 0.5%. Europe opened lower but finished mixed. US index futures were higher overnight and the market gapped up to SPX 2389 at the open. The SPX had closed at 2382 on Friday. The market continued to rise until it hit SPX […]

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weekend update

weekend update

REVIEW The market started the week at SPX 2391. The market rose on Monday, hit an all-time high on Tuesday at SPX 2406, then started to pullback. On Wednesday the market had a gap down opening, hit SPX 2353 on Thursday, then rallied to end the week at 2382. For the week the SPX/DOW lost 0.40%, and […]

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Thursday update

Thursday update

SHORT TERM: lower open then rally, DOW +56 Overnight the Asian markets lost 1.0%. Europe opened lower and lost 0.6%. US index futures bounced around overnight. At 8:30 weekly jobless claims were reported lower: 232k v 236k, and the Philly FED was reported higher: 38.8 v 22.0. The market opened 4 points below yesterday’s SPX […]

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Wednesday update

Wednesday update

SHORT TERM: gap down opening selloff, DOW -373 Overnight the Asian markets lost 0.2%. Europe opened lower and lost 1.1%. And there was another round of DC drama. US index futures were lower overnight, and the market gapped down 20 points at the open to SPX 2381. The market had closed at SPX 2401 yesterday. […]

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Tuesday update

Tuesday update

SHORT TERM: new high open then pullback, DOW -2 Overnight the Asian markets gained 0.3%. Europe opened higher and gained 0.2%. US index futures were higher overnight. At 8:30 housing starts were reported lower: 1172k v 1203k, and building permits were reported lower: 1229k v 1260k. Then at 9:15 industrial production was reported higher: 1.0% v […]

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Swarm today at 5pm, and last week’s results

Swarm today at 5pm, and last week’s results

Participation improved in the Swarm last week, and the results continue to be above the average response. After 12 weeks the Swarm is 71% accurate in the weekly direction of the 6 sectors we track. Impressive! Scoring Weekly scoring out of 6 Directional response* (12 points possible) Swarm 4 8 Average individual score 2 5.38 If you have not previously […]

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Monday update

Monday update

SHORT TERM: higher open marginal new high, DOW +85 Overnight the Asian markets gained 0.4%. Europe opened higher and gained 0.3%. US index futures were higher overnight, and at 8:30 the NY FED was reported lower: -1.0% v 5.2%. The market opened 5 points above Friday’s SPX 2391 close and continued to rally. At 10am […]

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weekend update

weekend update

REVIEW The SPX started the week at 2399. After a higher open on Monday and Tuesday the SPX made a new all-time high at 2404. It then pulled back to SPX 2382 before ending the week at 2391. For the week, the SPX/DOW lost 0.45% and the NDX/NAZ gained 0.50%. Economic reports for the week were mostly positive. […]

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Friday update

Friday update

SHORT TERM: lower open in quiet trading, DOW -23 Overnight the Asian markets lost 0.2%. Europe opened higher and gained 0.4%. US index futures were lower overnight. At 8:30 retail sales were reported higher: 0.4% v -0.2%, and the CPI was reported higher: 0.2% v -0.3%. The market opened 3 points below yesterday’s SPX 2394 […]

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Thursday update

Thursday update

SHORT TERM: gap down opening then rebound, DOW -24 Overnight the Asian markets gained 0.3%. Europe opened lower and lost 0.2%. US index futures were lower overnight. At 8:30 weekly jobless claims were reported lower: 236k v 238k, and the PPI was reported higher: 0.5% v  -0.1%. The market gapped down to SPX 2393 at […]

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Wednesday update

Wednesday update

SHORT TERM: lower open mixed market, DOW -33 Overnight the Asian markets gained 0.6%. Europe opened lower but gained 0.3%. Overnight SPX futures were lower, and at 8:30 import prices were reported higher: 0.5% v -0.2%. The market opened 2 points below yesterday’s SPX 2397 close, then dipped down to 2393 by 10:30. After that the […]

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Tuesday update

Tuesday update

SHORT TERM: again higher open then pullback, DOW -37 Overnight the Asian markets gained 0.3%. Europe opened higher and gained 0.4%. US index futures were higher overnight, and the market opened 3 points above yesterday’s SPX 2399 close. By 10am the SPX hit a new all-time high at 2404, and then started to pullback. Also […]

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Monday update

Monday update

SHORT TERM: higher open then small pullback, DOW +5 Overnight Macron, as expected, won the French election. Asian markets gained 1.0%. Europe opened lower and lost 0.3%. US index futures were flat to higher overnight, and the market opened at the all-time high of SPX 2401. Then it started to pullback. At 11:30 the SPX hit […]

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OEW tutoring

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, it also determines how far a market has progressed in its current cycle. OEW is […]

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