Friday, November 8, 2019

Elliott Wave Stock Market Update - November 8






















The market has made another ATH and it just keeps extending the count posted. However, I have been right on prices going higher with or without a pullback as long as the TA is bullish. I assume there will be a correction in the next few weeks to consolidate recent gains and then set up the market for a rally in late December.

Have a great weekend!


Short Term Trend = Bullish
Medium Term Trend = Bullish
Long Term Trend = Bullish


* Trends are not trade signals. Trends are posted for situational awareness only and does not take into account wave counts, technical or fundamental conditions of the market. While mechanically trading the posted trends is feasible, keep in mind that these are lagging indicators and as such are prone to whipsaws and I personally do not use nor recommend them to initiate or close positions in the market without taking

Monday, November 4, 2019

Elliott Wave Stock Market Update - November 4






















I thought the 5th wave was finished on Friday but I was wrong. The market has made another ATH and looks like it will continue higher with or without a pullback as long as the TA is bullish. I assume there will be a correction in the next few weeks and then we could see a bullish December.


Short Term Trend = Bullish
Medium Term Trend = Bullish
Long Term Trend = Bullish


* Trends are not trade signals. Trends are posted for situational awareness only and does not take into account wave counts, technical or fundamental conditions of the market. While mechanically trading the posted trends is feasible, keep in mind that these are lagging indicators and as such are prone to whipsaws and I personally do not use nor recommend them to initiate or close positions in the market without taking

Friday, November 1, 2019

Elliott Wave Stock Market Update - November 1






















Prices have continued higher as expected and the rally could continue as long as the Trend Average remains bullish. Looking at just oscillators, prices could be in for a multi-week rally before any significant correction. However, in the short term, we could see a pullback to digest gains from what seems like a finished 5 wave count,

Have a great weekend!

Short Term Trend = Bullish
Medium Term Trend = Bullish
Long Term Trend = Bullish


* Trends are not trade signals. Trends are posted for situational awareness only and does not take into account wave counts, technical or fundamental conditions of the market. While mechanically trading the posted trends is feasible, keep in mind that these are lagging indicators and as such are prone to whipsaws and I personally do not use nor recommend them to initiate or close positions in the market without taking

Monday, October 28, 2019

Elliott Wave Stock Market Update - October 28






















Prices have reached a new ATH as expected and the rally could continue as long as the Trend Average remains bullish. Looking at just oscillators, prices could be in for a multi-week rally before any significant corrections.

Short Term Trend = Bullish
Medium Term Trend = Bullish
Long Term Trend = Bullish


* Trends are not trade signals. Trends are posted for situational awareness only and does not take into account wave counts, technical or fundamental conditions of the market. While mechanically trading the posted trends is feasible, keep in mind that these are lagging indicators and as such are prone to whipsaws and I personally do not use nor recommend them to initiate or close positions in the market without taking

Friday, October 25, 2019

Elliott Wave Stock Market Update - October 25






















The market finally challenged ATH today at 3027 as expected and could make new highs next week if recent lows continue to hold. The negotiation of "phase 1" in the China trade deal sounds like it is coming to a conclusion and strong earnings from some companies could keep pushing the market higher. At the same time, the impeachment could lead to a sell off down the line as it is likely the genius will be impeached at the House. I am looking forward to the day of normal politics with normal politicians!

Have a great weekend!

Short Term Trend = Bullish
Medium Term Trend = Bullish
Long Term Trend = Bullish


* Trends are not trade signals. Trends are posted for situational awareness only and does not take into account wave counts, technical or fundamental conditions of the market. While mechanically trading the posted trends is feasible, keep in mind that these are lagging indicators and as such are prone to whipsaws and I personally do not use nor recommend them to initiate or close positions in the market without taking


Wednesday, October 23, 2019

Elliott Wave Stock Market Update - October 23





















Prices have made a higher high at 3014 but so far there wasn't been a stronger break out I had been expecting. The trend remains bullish so we could see a rally towards ATH in the next session or two if recent lows hold.

Short Term Trend = Bullish
Medium Term Trend = Bullish
Long Term Trend = Bullish


* Trends are not trade signals. Trends are posted for situational awareness only and does not take into account wave counts, technical or fundamental conditions of the market. While mechanically trading the posted trends is feasible, keep in mind that these are lagging indicators and as such are prone to whipsaws and I personally do not use nor recommend them to initiate or close positions in the market without taking

Monday, October 21, 2019

Elliott Wave Stock Market Update - October 21






















The market closed above the 3000 level for the first time in a month and is well positioned to challenge all-time highs. Any favorable news coming from the China trade negotiations will do it but I still don't see any substantial concessions. I don't think the markets actually cares of the substance of this agreement,  as long as there is not "disagreement" it will be good enough.

Short Term Trend = Bullish
Medium Term Trend = Bullish
Long Term Trend = Bullish


* Trends are not trade signals. Trends are posted for situational awareness only and does not take into account wave counts, technical or fundamental conditions of the market. While mechanically trading the posted trends is feasible, keep in mind that these are lagging indicators and as such are prone to whipsaws and I personally do not use nor recommend them to initiate or close positions in the market without taking