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Monthly Archives: July 2016
Gold – bull market or just a bear market rally
While many are touting a new bull market in Gold, and Silver for that matter, history suggests otherwise. When we look back at the history of commodity prices for the past two centuries we observe generally short bull markets followed … Continue reading
Posted in selected charts, special report
Tagged commodities, elliott wave, investing, markets, OEW
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weekend update
REVIEW The week started off at SPX 2175, then spent the entire week trading within the two week, 20 point/1% trading range, until it nudged above it by one point on Friday. In the end the SPX made an all … Continue reading
Friday update
SHORT TERM: marginal new all time high, DOW -24 Overnight the Asian markets lost 0.3%. Europe opened higher and gained 0.3%. US index futures were lower overnight. At 8:30 Q2 GDP was reported lower than expected, but higher than Q1: … Continue reading
Thursday update
SHORT TERM: trading range continues, DOW -16 Overnight the Asian markets lost 0.2%. Europe opened higher but lost 0.5%. US index futures were higher overnight, and at 8:30 weekly jobless claims were reported higher: 266K v 253K. The market opened one … Continue reading
Wednesday update
SHORT TERM: typical bi-polar FOMC day, DOW -2 Overnight the Asian market gained 0.7%. Europe opened higher and gained 0.8%. US index futures were higher overnight, and at 8:30 Durable goods were reported lower: -4.0% v -2.2%. The market opened … Continue reading
Tuesday update
SHORT TERM: higher open then pullback, DOW -19 Overnight the Asian markets lost 0.4%. Europe opened higher and gained 0.3%. US index futures were relatively flat overnight and at 9am Case-Shiller was reported lower: +5.2% v +5.4%. The market opened one … Continue reading
Monday update
SHORT TERM: pullback resumes, DOW -78 Overnight the Asian markets gained 0.4%. Europe opened higher and gained 0.1%. US index futures were about unchanged overnight. The market opened one point below Friday’s SPX 2175 close, and continued lower. The market … Continue reading
