Monday, September 18, 2017

Elliott Wave Stock Market Update - September 18






















The market made another ATH as expected and has enough waves to call itself complete. But if 2491 holds a pullback then it will probably extend and rally much higher before finding any significant top. Everything is good in the world of equities and this is a good time for much higher prices before a big correction comes. Whether it will be later this year or next, bears will be coming back finally after being dormant for the past 8 years.

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, September 15, 2017

Elliott Wave Stock Market Update - September 15






















The market reached 2500 after all at the close of the day. This, despite North Korea shooting missiles over Japan and taunting Trump. Goes to show how the market has a mind of its own and is not as news driven as most people believe. The public and the financial media just rationalizes market moves based on the news for the day but that's not really what makes the market move 90% of the time. Anyhow, I expect higher prices next week to new highs and maybe the market will turn bearish one the target for the 5 count is done.

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, September 14, 2017

Elliott Wave Stock Market Update - September 14






















Prices made another marginally new ATH today and the 5 count could technically be complete with this new high. It would look nicer with a stronger impulse for the 5th wave but given the fact North Korea is at it again, the market could use this as an excuse to pullback to the Trend Average if not below. But as we have seen in the past few months, unless Trump or Kim J Um truly escalate, the market will keep rallying until the count is finished. Maybe then one of these two will do something truly crazy or we will be hit by a recession. I hope it is the latter since I think we are all tired of war at this point.

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, September 13, 2017

Elliott Wave Stock Market Update - September 13






















The market has made another ATH as expected and is closing in on the 2500 level. Would would have guessed equities would come this high so quick just few years ago? I still remember the days of EWI calling for Dow 400 and recommending people to go not just short but 200% leveraged short during the initial stages of the rally in 2009. What a financial disaster that was.

Anyway, I think higher prices are coming for the foreseeable future. But when it turns, we should see prices remain stuck in a range for years.

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, September 12, 2017

Elliott Wave Stock Market Update - September 12




















The market made another ATH today and we should see higher highs until the count completes and goes for a test of the Trend Average. Since this current intermediate wave could be a W3, we could see a very bullish period in the next few weeks. I haven't positioned myself yet on a trade but I will do so on the pullback.

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, September 11, 2017

Elliott Wave Stock Market Update - September 11






















The market closed at an all-time high and continued upside should be expected given the current count. The hurricane not being as catastrophic ended up being the excuse to rally and I assume we should see 2500+ sometime this week. If the labels on the count are correct, the target for the 5 count is 2560 before another significant correction. But as I have been saying since the market reached 2400, the bull market is getting closer to the end and a substantial decline is coming this or next year when the full count completes. So, it's a good time to trade keeping in mind a major turn could hit 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

Thursday, September 7, 2017

Elliott Wave Stock Market Update - September 7





















The market didn't do much today and still finds itself in a position to rally. However, it's hard to tell how the markets will react if another hurricane hits the US mainland hard as it did in Houston. Maybe prices will follow the count as if nothing happened, just like with the N Korean thermo nuclear test. But if sellers are nervous, I think there will be enough excuses to start selling. I hope hurricane Irma doesn't do much damage but then there is another one already coming (Jose). Maybe this is nature's way of sending a subtle message to climate change deniers that maybe it's not a "Chinese Hoax". Maybe Trump will get the message too but I am not too hopeful. How do you convince some people of climate change when they believe the earth was created 6000 years ago (40% of the US population).

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