the ELLIOTT WAVE lives on

Thursday update

Thursday update

SHORT TERM: another narrow range inside day, DOW -53 Overnight the Asian markets ended mixed. Europe opened higher and gained 0.3%. US index futures were lower overnight, and at 8:30 jobless claims were reported lower, plus the Philly FED was higher. The market opened one-point below yesterday’s SPX 2508 close, then began to pullback. At […]

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Wednesday update

Wednesday update

SHORT TERM: ATH then FOMC volatility, DOW +42 Overnight the Asian markets gained 0.1%. Europe opened lower and ended mixed. US index futures were flat overnight, and the market opened at a new high: SPX 2509. Right after the open the market started to drift lower. At 10am existing home sales were reported lower. At […]

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Tuesday update

Tuesday update

SHORT TERM: consolidation day, DOW +39 Overnight the Asian markets gained 0.5%. Europe opened higher and gained 0.1%. US index futures were higher overnight. At 8:30 housing starts were reported lower and building permits were reported higher. The market opened at SPX 2507, 3-points above yesterday close, and then started to pullback. By 11am the […]

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Monday update

Monday update

SHORT TERM: all-time new high then pullback, DOW +63 Overnight the Asian markets gained 0.8%. Europe opened higher and gained 0.4%. US index futures were higher overnight, and the market opened at a new high: SPX 2504. In the opening minutes the SPX hit 2508, and then started to drift lower. At 10am the NAHB was […]

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Weekend update

Weekend update

REVIEW The market started the week at SPX 2461. After a gap up opening on Monday the market rallied to an ATH on Tuesday. After that it did something quite odd. For three days, which included a Thursday/Friday options expiration. The SPX traded in a 9-point trading range, ending the week at the ATH SPX […]

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Tuesday update

Tuesday update

SHORT TERM: ATH open then consolidation, DOW +61 Overnight the Asian markets gained 0.7%. Europe opened higher and gained 0.3%. US index futures were higher overnight, and the market opened at SPX 2493 an ATH. The market had closed at SPX 2488 yesterday. In the opening moments the SPX rose to 2496 then began to pullback. […]

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Monday update

Monday update

SHORT TERM: gap up and go Monday, DOW +260 Overnight the Asian markets gained 1.0%. Europe opened higher and gained 1.0% as well. US index futures were much higher overnight, and the market gapped up to SPX 2477 at the open. The market had closed at SPX 2461 on Friday. Around 12:30 the SPX hit […]

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Weekend update

Weekend update

REVIEW The market started the holiday shortened week at SPX 2477. After a gap down opening on Tuesday, and a drop to SPX 2447, the market rebounded. Wednesday’s gap up opening rallied the market to SPX 2470. Then quiet sideways trading ended the week at SPX 2461. For the week the SPX/DOW lost 0.75%, and the […]

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Friday update

Friday update

SHORT TERM: lower open sideways day, DOW +13 Overnight the Asian markets were mixed. Europe opened lower and lost 0.1%. US index futures were lower overnight, and the market opened five-points below yesterday’s SPX 2265 close. After a quick dip to SPX 2459, the market rallied to 2467 by 11am. At 10am wholesale inventories were reported […]

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Thursday update

Thursday update

SHORT TERM: quiet open quiet day, DOW -23 Overnight the Asian markets were mixed. Europe opened higher and gained 0.5%. US index futures were lower overnight, then crept higher heading into the open. At 8:30 weekly jobless clams were reported substantially higher (hurricane related?). The market opened three-points above yesterday’s SPX 2466 close, then immediately began […]

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Wednesday update

Wednesday update

SHORT TERM: gap up opening, DOW +54 Overnight the Asian markets lost 0.3%. Europe opened lower but gained 0.3%. US index futures were relatively flat overnight, and then began to rise. At 8:30 the trade deficit was reported slightly wider. The market gapped up at the open to SPX 2467, hang around that level until […]

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Tuesday update

Tuesday update

SHORT TERM: gap down opening then lower, DOW -234 Over the extended weekend the Asian markets lost 0.8%, and Europe lost 0.5%. US index futures were lower Sunday night and Monday night, and heading into the open. The market gapped down at the open to SPX 2469, dipped to 2466, and then rebounded. The SPX had closed […]

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Swarm today @ 5pm

Swarm today @ 5pm

Last week’s results were 5 of 6 correct. After 24 weeks the Swarm is 63% accurate, compared to a 51% accuracy from the surveys. Impressive! 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 the swarm on […]

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Weekend update

Weekend update

REVIEW The week started at SPX 2443. After a higher open on Monday to SPX 2449 the market pulled back into the close. After hours N.K. fired a long-range missile over Japan which landed in the Pacific. Futures fell and the market gapped down at the open to SPX 2428 on Tuesday. When the US […]

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OEW tutoring

OEW tutoring

All markets are driven by long term investor confidence 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 not […]

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Friday update

Friday update

SHORT TERM: higher open rally continues, DOW +39 Overnight the Asian markets gained 0.2%. Europe opened higher and gained 0.5%. US index futures were higher overnight as well. At 8:30 NFP were reported lower and the unemployment rate ticked up. The market opened 5-points above yesterday’s SPX 2472 close and drifted higher. At 10am construction […]

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Thursday update

Thursday update

SHORT TERM: higher open rally continues, DOW +56 Overnight the Asian markets gained 0.2%. Europe opened higher and gained 0.6%. US index futures were higher overnight. At 8:30 personal income/spending were reported higher, as was the CPI, and jobless claims were reported slightly higher. The market opened 6-points above yesterday’s SPX 2458 close, and continued […]

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Wednesday update

Wednesday update

SHORT TERM: flat open then rally resumes, DOW +27 Overnight the Asian markets gained 0.9%. Europe opened higher and gained 0.5%. US index futures were relatively flat overnight. At 8:15 the ADP was reported higher, and at 8:30 Q2 GDP was raised to 3.0%. The market opened unchanged at SPX 2446, dipped to the 2444 pivot, […]

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Tuesday update

Tuesday update

SHORT TERM: gap down opening then rebound, DOW +57 Overnight the Asian markets lost 0.7%. Europe opened lower and lost 1.1%. US index futures were much lower overnight, and at 9am Case-Shiller was reported slightly higher. The market gapped down to SPX 2428 at the open. It had closed at SPX 2444 yesterday. Right after […]

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Swarm at 5pm

Swarm at 5pm

Last week’s results were 5 of 6 correct. After 24 weeks the Swarm is 63% accurate, compared to a 51% accuracy from the surveys. Impressive! 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 the swarm on […]

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