Friday, February 17, 2017

Elliott Wave Stock Market Update - February 17






















The market closed at another all-time high today and it is well positioned to rally early next week to a higher high. Going by wave symmetry, a rally towards 2370 looks ideal. I am glad I closed my shorts yesterday and I will buy back the position hopefully sometime next week.

Have a great weekend!

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com


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

Thursday, February 16, 2017

Elliott Wave Stock Market Update - February 16























The market finally took a break today by pulling back and consolidating some of its gains. However, given the corrective look of today's wave, I see the possibility of even higher highs before a bigger consolidation can take place. I ended up covering my shorts at 2343 and will re-short at a higher high or go long on a test of 2322, whichever comes first.

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com


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, February 15, 2017

Elliott Wave Stock Market Update - February 15






















The market has decided to go parabolic despite being extremely overbought. We all know that there will be a top but at this point it feels like rolling the dice as the micro-count is as stretched as it can be. I am holding my short position but will consider trading the position if the madness continues tomorrow. I knew there was going to be a break-out but it almost feels as if QE has jut announced. Maybe a few more weeks or months of madness and then we will finally see the bear market so many of us have been waiting for.

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com


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


Tuesday, February 14, 2017

Elliott Wave Stock Market Update - February 14






















The bullish madness has continued with yet another all-time high. The target for the cup and handle pattern first identified last week has been reached without much of a retrace. Also, the micro-count is as stretched as it can be, so I expect a stronger correction as soon as tomorrow. I hate shorting bullish trends but I had to do it today at 2134, so hopefully we will see a test of the Trend Average coming up soon.

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com


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, February 13, 2017

Elliott Wave Stock Market Update - February 13






















The market has made another all-time high and I had to change labels yet again to accommodate the madness. I don't think I can stretch the micro-count anymore, so I might have to be forced to short the market tomorrow if this keeps going up. We might see another "Sell in May" this year at this rate, so I will probably just get long on the pullback and not trade as much until we see a real top.

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com


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, February 10, 2017

Elliott Wave Stock Market Update - February 10






















The break-out has continued today to new ATH. I was hoping for a correction but it looks like the 5th wave on the micro-count has extended, so maybe the coming correction will probably not go below the 2301 level. I sold too early unfortunately but it's better to be conservative (but still profitable) and get a good night's sleep than to worry about what the market will do on Monday :)

Have a great weekend!

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com


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

Thursday, February 9, 2017

Elliott Wave Stock Market Update - February 9




















The market broke out today as I was expecting and seems to have completed one 5 wave micro-count to top at 2311. If the rally is going to continue, I assume there will be a correction to test the opening gap/TA and then resume to higher highs. I sold today at 2308 and will buy back on the correction with a stop at 2285.

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com


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