Thursday, February 22, 2018

Elliott Wave Stock Market Update - February 22






















The market has been able to hold support and consolidate gains so far. If the index is able to avoid further downside, we could see the rally continue as soon as tomorrow. I am surprised the TA hasn't been tested and instead the TA is catching up to the market, which is normally a bullish sign. The only sign for concern continues to be trade below the 50 DMA, which has to be recaptured in order to strengthen the bullish case.

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


Short Term Trend = Bullis
Medium Term Trend = Bullish trend being challenged
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 21, 2018

Elliott Wave Stock Market Update - February 21






















Prices fell towards the end of the session to close in negative territory. This close under the 50 DMA is not good for the bullish case and looking at the wave structure, I can see a zig zag in place from the low at 2532. If the sell-off continues, we will see substantial selling in the next few sessions. However, if prices are able to hold above that 2532 low, the market still has a chance for the resumption of the rally.

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 = Bullis
Medium Term Trend = Bullish trend being challenged
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 20, 2018

Elliott Wave Stock Market Update - February 20






















Prices went into a minor correction today and if the count posted is correct, we should see another wave to one more high before a significant pullback. If the TA is tested during this pullback, then the count will need to be revised.

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


Short Term Trend = Bullis
Medium Term Trend = Bullish trend being challenged
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 16, 2018

Elliott Wave Stock Market Update - February 16






















Prices made a higher high today before giving up some of the gains by the close of the session. The market had one of the fastest weekly gains in 5 years, bringing back hope to the bullish crowd. Also, the close was above the 50 DMA, which technically positions the market to rally back to all-time highs in the next few weeks as long as this trend is not lost. So despite the scare from last week and all the inflation talk, this could end up being a one wave correction. With that said, the market remains in a bearish pattern for a long as ATH remains in place. Trade this coming week will be important in deciphering if there is momentum left to the rally that started in November 2016.

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 = Bullis
Medium Term Trend = Bullish trend being challenged
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


Elliott Wave Stock Market Update - February 15




















I am in Vegas for a short visit so this is a brief update. Prices were able to get past 2720 and this opens up the probability of a run to challenge ATH. Never mind the inflation, that was just the excuse to scare of some people.

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 trend being challenged
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 14, 2018

Elliott Wave Stock Market Update - February 14






















As expected, the market resumed its rally today and was able to get past the Trend Average. It looks like the 50 DMA is going to be challenged and it could happen in the next session or two. I decided to play it say and sold my position for a nice gain and I will wait for the 50 DMA and see if I see a shorting opportunity,


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


Short Term Trend = Bearish
Medium Term Trend = Bullish trend being challenged
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 13, 2018

Elliott Wave Stock Market Update - February 13



















Prices closed marginally higher today in what looked like consolidation. This sideways move could be a B or a shallow W2, so I expect the resumption of the counter-rally in the next day or two. The TA has dropped to 2680 and I assume it will be challenged before the end of the week, whether the market will start closing above it is another question. Also, the 50 DMA at 2720 might serve as a magnet for this bounce, so we should find out soon if the rally really has legs.

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


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


Short Term Trend = Bearish
Medium Term Trend = Bullish trend being challenged
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