Wednesday, July 19, 2017

Elliott Wave Stock Market Update - July 19






















Prices reached a new all-time high as expected but now the structure from 2407 has enough waves to be considered complete. So we could see a stronger pullback in the next session or two to test the Trend Average, which is current at 2443. I ended closing my long positions and will buy them back at the test or I might short if I see a topping pattern (there is none yet).

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, July 18, 2017

Elliott Wave Stock Market Update - July 18






















The market seems to have found a bottom for its W4 and we should see a new all-time high as soon as tomorrow. The could still be another bearish wave left in the W4 but I favor a new bullish leg tomorrow to complete the W5. I might lock in some profits tomorrow but we'll see.

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, July 17, 2017

Elliott Wave Stock Market Update - July 17






















Prices took a break today in what looks like part of a W4 and my assumption is there is another leg to another all-time high in the next few sessions. I am staying put on my long position and might sell only after all the waves are in, which could take a while.

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

Saturday, July 15, 2017

Elliott Wave Stock Market Update - July 14






















As expected, the market made new all-time highs and we should see several more with or without a correction in the near term. Technically speaking, prices could shoot above 2500 since the market had been in a correction for several weeks and now has a good base to rally from. Also, with earnings coming up, the excuse to rally will be there. I raised my stop to 2432 and will just ride this for as long as the TA is bullish or until I see a potential topping pattern.

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, July 13, 2017

Elliott Wave Stock Market Update - July 13




















The market has continued to rally and ended the day challenging ATH. Looking at the wave structure and other technical indicators, there is plenty of room for upside. So if we don't get a new ATH tomorrow, we should see one sometime next week as long as recent lows do not get retraced.

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, July 12, 2017

Elliott Wave Stock Market Update - July 12






















The market rallied as I was expecting and the TA has turned bullish again. This could be the beginning of a multi-week rally to new ATH since the recent "correction" the market experienced gives it a solid base to rally from. So, as long as recent lows hold, expect new several new highs for as long as the TA is bullish.

I raised my stop to break-even and will just ride the wave until I see signs of a reversal.

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, July 11, 2017

Elliott Wave Stock Market Update - July 11






















The market headed down as I was expecting but made a higher low before staging a bounce. This pattern favors the bullish side and a break of yesterday's high will likely confirm a change in trend and an eventual challenge to ATH as soon as this week. A correction would make sense around this time of year but there is no point in fighting the trend at this point. So I went long at the close with a stop at today's low in anticipation of a new leg for the rally.

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


Short Term Trend = Bearish trend being challenged
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