Friday, December 2, 2016

Elliott Wave Stock Market Update - December 2




















Prices managed to bounce and stay above yesterday's low but the Trend Average has turned bearish. Looking at the pattern, if support keeps holding, we should see a rally early next week. However, a break of 2187(and especially 2180) will lead to a much bigger decline to perhaps test the 50 DMA currently at 2156.  I have only been long in oil in the past month but if stock prices get to the 2150 level, I'll get in long again.

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 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

Thursday, December 1, 2016

Elliott Wave Stock Market Update - December 1




















The market broke support at 2198 and the correction has made a lower low. The next level to watch is 2180 and if that breaks, then we should see a real correction in the next couple of weeks. But if the market is able to bounce from this area, then we will see another all time high fairly soon. Considering oil is rallying, downside should be limited in equities if the correction continues.

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



Short Term Trend = Bullish 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

Wednesday, November 30, 2016

Elliott Wave Stock Market Update - November 30




















The market has finally closed under the Trend Average for the first time in almost a month. Prices tested the 2198 level but failed to make a lower low, but if prices go below support then we should see a bigger pullback ahead. If prices are able to regain its footing tomorrow, then the target at 2220 remains in place. The market could use a break for couple of weeks, so we'll see if the bigger correction comes.


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



Short Term Trend = Bullish 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

Tuesday, November 29, 2016

Elliott Wave Stock Market Update - November 29




















The market technically continued its correction today but it might be over tomorrow if the 2198 low doesn't break. There is a small Head and Shoulders pattern that targets 2220, so we could another new all time high in the next couple of days. The same market that was panicking on election night is now ecstatic about Trump.

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, November 28, 2016

Elliott Wave Stock Market Update - November 28




















The market is taking a break and perhaps we will finally see the Trend Average tested, which is at 2195. I can see this wave continue to make higher highs if the TA holds the correction. Maybe the coming interest hike will serve as a better excuse for a bigger correction to set up the market for a Santa Rally?

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, November 25, 2016

Elliott Wave Stock Market Update - November 25




















Another day, another all time high. There is simply no sign of stopping this rally in the near future. The only bearish factor is the market being oversold and the waves being stretched on an extended 5th. Maybe there will be some news next week that can be used by traders to correct the market. Maybe it will be the recount being sought by the Green Party?

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

Wednesday, November 23, 2016

Elliott Wave Stock Market Update - November 23




















The market almost made a new all time high again today but fell just marginally short. My guess is new highs will continue as long as the short term trend remains bullish. Technically there are enough waves to start a correction but the current bullish wave could be extending and take its sweet time before a big pullback.

Happy Thanksgiving!

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