Tuesday, September 27, 2016

Elliott Wave Stock Market Update - September 26




















The market counter-rallied today and hit resistance in the 2160 area. The bias, as I said yesterday, continues to be bullish but unless prices manage to start a meaningful rally in the next few sessions then the trend will turn bearish. The market could be consolidating for the last few legs of the rally that started in 2009 or could be in the process of going south. One thing that Trump said last night that was actually true is the fact that once interest start to rise then inflated prices will pop. The Fed might be holding rates low at this point for political reasons and once the election is over we might see the start of the next recession. I ended up selling today at resistance and will get back in once I see something more clear.


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 into consideration other factors.

Elliott Wave Analytics




Monday, September 26, 2016

Elliott Wave Stock Market Update - September 26




















The selling today invalidated the micro-5 count I was following and now we have to see if support holds again to launch another attempt at all time highs. The general bias continues to be bullish but less so than last week as we need to see another 5 count develop for the market to regain bullish momentum.

Anyway, I am going to get some pop corn and watch the debate tonight. I wonder what Trump is going to come up with tonight as I'm sure he is going to be like a pit bull on Hilary.

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 into consideration other factors.

Elliott Wave Analytics



Friday, September 23, 2016

Elliott Wave Stock Market Update - September 23




















The market corrected as expected on what should be a micro W4 and we should see a higher high earlier next week to complete the 5 count from the 2119 low. If W5 ends up being the same length as W1, we will see the all time high challenged before another correction takes place.

I am looking forward to the Trump-Clinton debate on Monday. I won't be voting for either of them as I don't like them. But Trump might just pull ahead on Monday if he can get to Clinton, he is good at finding weaknesses and at bullying so this will be his stage. It's going to be an entertaining debate for sure.

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 into consideration other factors.

Elliott Wave Analytics



Thursday, September 22, 2016

Elliott Wave Stock Market Update - September 22




















The market continued its break out today and the close turns the Trend Average bullish again while confirming the triple bottom at 2119. Assuming what we saw today was the micro-w3, we could see an all time high in the next few sessions. The NASDAQ actually made an all time high yesterday and another today so bulls are now back in charge. I am planning to sell the longs I've been holding when the count completes.

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 into consideration other factors.

Elliott Wave Analytics



Wednesday, September 21, 2016

Elliott Wave Stock Market Update - September 21




















Prices finally moved out of range as expected and the close was substantially above the Trend Average. If the market is able to follow through on today's rally in the next few sessions then we can assume the triple bottom is in place, specially when the 50 DMA at 2168 is recaptured. The Obama administration is on track for being one of the best ever for the stock market. The question now is who is going to get the blame for the next stock market correction/crash. And not that they deserve the blame but we all know most people are going to blame the next President.

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 into consideration other factors.

Elliott Wave Analytics




Tuesday, September 20, 2016

Elliott Wave Stock Market Update - September 20




















The market has been stuck in a sideways range for more than a week but should see a break out or break down in the next few sessions. If bears are able to gain momentum, we might see strong selling that will take the market down to 2085. However, if the Trend Average is recaptured then there is a good chance the bottom is in place.

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
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 into consideration other factors.

Elliott Wave Analytics



Monday, September 19, 2016

Elliott Wave Stock Market Update - September 19




















Prices rallied early in the morning to test the TA but reversed course for the rest of the rest of the day. Unless the market is able to rally past 2163 in the next few sessions, the 2119 lows are going to be tested again for the fourth time. The market is undecided and needs an excuse for the next substantial move. The Feds have to raise rates sooner or later but given Obama's luck, we might see rates rise only after the elections. Once rates start to rise we should see a recession within a year or two and then we will find out the consequences of keeping rates so low for so long. My guess is we will see a big correction in all asset classes, specially equities and real estate.


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
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 into consideration other factors.

Elliott Wave Analytics