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REVIEW The week started at SPX 2781. After a slightly down opening on Monday the market dropped to SPX 2722. Tuesday it had a gap up opening, hit SPX 2743, dropped to 2719, rallied to 2755, then dropped to 2715. Another gap up opening on Wednesday carried the SPX to 2747. But it quickly reversed […]
SHORT TERM: gap up opening then selloff, DOW -206 So far this week Asian markets have lost 0.6%, and European markets have lost 0.9%. US stocks started the week at SPX 2781. After a selloff on Monday the SPX gapped up on Tuesday, but reversed and hit 2719 in the first hour of trading. Then […]
REVIEW The week started off at SPX 2723. It was a strong week to the upside until the FED announced on Thursday a rate increase is likely next month, and three more in 2019. The market gapped up on Monday, continued higher on Tuesday, then gapped up again post mid-term elections on Wednesday. At Wednesday’s […]
Objective Elliott Wave, (OEW), is a quantitative approach to the Elliott Wave Theory. Once you learn OEW you will be able to quantitatively research the historical price performance of any asset class, or stock, and determine its current position within its overall long term trend. Quantified waves never change. Then using shorter term charts, you […]
SHORT TERM: gap up opening, DOW +545 For the first three days of the week Asian markets lost 0.8%, and European markets gained 0.5%. US elections ended in a split decision. The Democrats took control of the House, and the Republicans maintained control of the Senate. The market anticipated and obviously liked the result. After […]