Tuesday, June 27, 2017

Elliott Wave Stock Market Update - June 22






















Prices finally decided to make a bearish move that could evolve into a much bigger correction. The close was at support and we could see a bounce off these levels, but if support breaks tomorrow, then we could see selling accelerate for the rest of this week. I didn't get chance to short but I increased my gold position, which normally does well during correction so we'll see.

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

Monday, June 26, 2017

Elliott Wave Stock Market Update - June 26






















The market started the day strong by coming within a few points of making a new all-time high, however, prices headed down the rest of the day to close at slightly negative but still over the Trend Average. The close above the TA is good for the bullish side but the lower high is not, so it's important for prices to stay above the TA or else the trend will change this week and maybe even start a real correction!

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

Friday, June 23, 2017

Elliott Wave Stock Market Update - June 23






















The market attempted to rally again today but was stopped at resistance from yesterday's high at 2341. Unless prices are able to get past resistance next week, we might see a change in trend to finally start the real correction. It would miracle if the market kept climbing in the summer months but I've seen crazier things. Hoping I will get a chance to short again next week.

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, June 22, 2017

Elliott Wave Stock Market Update - June 22






















The market attempted tried to counter-rally today after couple of days of selling but ended the day flat. The close today is again below the TA but was not bearish enough to make a trend change. However, if prices struggle again tomorrow, then we should see the market start to rollover as the trend will go negative. I might try to short again if I see signs of weakness again.

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, June 21, 2017

Elliott Wave Stock Market Update - June 21






















The pullback continued today and went below the 2433.95 level I mentioned yesterday before bouncing somewhat to close the session just below the Trend Average. If there is more upside to this most recent bullish move, we should see it in the next few sessions. Otherwise. we might see prices make a bearish turn if the TA is not re-captured soon.

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, June 20, 2017

Elliott Wave Stock Market Update - June 20




















The market gave up most of yesterday's gain and ended the day right on the TA. There could still be one more leg up to another high if 2433.95 doesn't get breached. But if support breaks, then the correction will have bearish potential. I ended up exiting my shorts towards the end of the day

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

Have a Great Weekend!

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, June 19, 2017

Elliott Wave Stock Market Update - June 19






















The market gapped up today in a bullish W3 wave and this move invalidates the bearish pattern that had been in place. I know the economy is good now, my business has been doing great. However, everything is cyclical when it comes to the economy and the stock market. So, I continue to expect a bigger correction once the bulls come to their senses. I didn't get a chance to stop out of my short position today but I will exit tomorrow or 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

Saturday, June 17, 2017

Elliott Wave Stock Market Update - June 16






















I went to Legoland again earlier today, so didn't get a chance to update. However, not much happened and the expectation is the same as yesterday. Prices closed again under the Trend Average, but it was not much below, so the TA remains challenged but not bearish just yet. If we see a strong bearish wave on Monday, it will likely be a W3. Until then, I am going to assume resistance will be tested again but not ATHs.

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, June 15, 2017

Elliott Wave Stock Market Update - June 15






















The market gapped down today to test last week's low but it ended up making a higher low before rallying for most of the day. Today's close is the second below the Trend Average in over a month and we would need to sell follow through selling to confirm a change of trend. Also, it's worth noting there is a bearish cross on the daily MACD, which normally points to a bigger bearish wave coming. Once last week's low breaks decisively, the top at 2446 will be confirmed. If for some reason, bullish maniacs/bag holders manage to make a higher high, then there will be room for one more push higher.

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

Have a Great Weekend!

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, June 14, 2017

Elliott Wave Stock Market Update - June 14






















Prices continued to climb today but stopped short of making a new ATH. There was increased volatility due to the announcement of interest rate hikes, but the bigger story is the potential market rollover in the next few sessions. I am assuming, the top is already in. So a substantial sell-off that breaks the low made last week would confirm it. However, if prices manage to make new ATH, then the bearish pattern will be negated. I don't see how the market could keep rallying but I have been wrong before, so we'll see.

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

Have a Great Weekend!

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, June 13, 2017

Elliott Wave Stock Market Update - June 13






















The market continued to bounce today as expected but ended the day right at resistance. We could see  more upside but I don't think the ATH will be taken out, we will see. I continue to hold to the short position but will prepare to exit if I am wrong on the market topping around these levels. I normally never short a bullish trend but I have to short any potential topping patterns, considering there is a good chance of a big 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, June 12, 2017

Elliott Wave Stock Market Update - June 12






















The market opened in negative territory today but was able to stage a rebound that should continue tomorrow and maybe even Wednesday. However, there is a good chance the market is rolling over and a break of 2415 will confirm this. For now, I remain short and looking to adjust my stop to the TA once prices go underneath it.

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, June 9, 2017

Elliott Wave Stock Market Update - June 9






















The market finally made a new all-time and quickly reversed to make a low at 2415 before bouncing back to end the day basically even. With this new high and the break of 2424, there is a high probability the rally is over, so we'll find out in the next few sessions. I went short at 2427 and putting my stop at 2446. I might buy some more gold or the silver I sold last week. If I am correct about the top, we should see some panic coming soon.


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

Have a Great Weekend!

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, June 8, 2017

Elliott Wave Stock Market Update - June 8






















The market tested its ATH today but was not able to make a new high. With this push, the wave could be completed but we need to see 2424 breached to confirm the top. I always believed the economic cycle was going to be the reason for the next bear market. But given our current President, maybe a political crisis will end up being the catalyst.  It's been almost 6 months of Trump and it's been nothing by drama, It's like the Kardashians X 2!. I'm not sure how is he going to get anything done at this rate. I just hope things calm down a little so they can pass the tax cuts, that's really the only thing I like from this administration.

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


Elliott Wave Stock Market Update - June 7























I spent the whole day at Disneyland today, so no time to write. If anything, I do not recommend going to Disneyland at this time of year. Way too many people, long lines.

Count remains the same, so there should be another high coming.

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, June 6, 2017

Elliott Wave Stock Market Update - June 6






















Prices made a marginally lower low today but the wave structure remains the same, so there should be one more rally towards a new high and that will be the ideal spot to call the latest impulse over. Maybe bulls will manage to surprise but I don't think so.

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, June 5, 2017

Elliott Wave Stock Market Update - June 5






















The market barely moved today, which is a sign of a time correction instead of a price correction. So, we could see another push higher in the next session or two after the recent gains are digested. I don't see the market going much higher given the run up last week but if bag holders are euphoric, there's not much anyone can do about it.

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, June 3, 2017

Elliott Wave Stock Market Update - June 2






















I didn't get a chance to post on Friday because I was all day at Legoland but here it is. Basically, prices have continued to rally towards new highs and the micro-count looks mostly done. If we see one more high on Monday, it could be a top for a while given the overall count. I think the market is sucking in people who probably forgot or did not get to see the last bear markets, so it will be interesting once we actually see a significant correction. I've seen 2 "real" bear markets in my lifetime and I remember well how everything seemed perfectly fine, like it is right now.

Have a good 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

Friday, June 2, 2017

Elliott Wave Stock Market Update - June 1






















The market was able to break out of range convincingly today to make a substantially higher high. We could see the rally continue but the count is now complete and ready for a real correction. I am assuming what we saw today was the W3 of the 5th leg, so I might end up getting some shorts by the close or early next week.

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, May 31, 2017

Elliott Wave Stock Market Update - May 31






















Prices made a lower low today but the count remains the same and another high is expected before a bigger correction. If for some reason a new high doesn't come tomorrow, then the wave could truncate and go into selling mode early next week. I am tempted to add some shorts if we see a high tomorrow but we'll see. In the meantime, I sold the silver position and keeping gold only.

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, May 30, 2017

Elliott Wave Stock Market Update - May 30






















The market didn't do much today other than buy time, there should be another leg to challenge all-time highs before we see a stronger correction. Now that summer is here, I really will be surprised if we don't see a substantial pullback in the next few months. It's been now 8 years since the rally started, so even a bear market that lasted 2-4 years would not be out of the question after the market finally tops.

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, May 26, 2017

Elliott Wave Stock Market Update - May 26






















The market went into another sideways correction today, which will allow the market to make another ATH early next week in pre-market or during regular trading hours. A new high could be a good place to short but obviously, we have to see what pattern develops. I am enjoying my longs in metals and I hope they go up even more when the market finally tops.

Have a great long weekend! I am glad summer is almost here.

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, May 25, 2017

Elliott Wave Stock Market Update - May 25






















Prices broke out today to new ATH and could see even higher highs after a brief pullback. The 5% drop in oil did not matter and this point to strong bullish momentum. However, I continue to think this is a bag holder rally and significant change in sentiment should occur in the near future. I wouldn't be surprised if what we are seeing is the "head" of an H&S pattern.

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, May 24, 2017

Elliott Wave Stock Market Update - May 24






















The market made a record close today and looks like a new all-time high is coming as soon as tomorrow. The recent sell-off definitely had me fooled but the fact remains that seasonally speaking, this is about the worst time to go long. I did however close the shorts from yesterday at break even when the sideways correction became clear to me. I will make another attempt on the next bullish leg.

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, May 23, 2017

Elliott Wave Stock Market Update - May 22






















Prices reached the 2400 level today and with the close above the TA, the short term trend goes back to bullish again. I didn't think this would happen but there is no point in arguing with the market, it is what it is. But since the wave structure seems complete and the prices are so close to ATH resistance, I couldn't help but to short towards the close. I will see a tight stop and I will close at the pullback as there should be one coming in the next session or two.  If prices find support at 2380, there is a chance for a bullish breakout on an IHS.

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, May 22, 2017

Elliott Wave Stock Market Update - May 22


















The market continued its rally to a higher high today and was able to close above the Trend Average. I didn't think there would be enough momentum but I was wrong. Also, there is a 5 count in place from the low at 2352 and this opens the possibility of more upside and even new ATH if the TA turns bullish. With that said, I'd like to see what the bearish response will be in the next day or two as I continue to favor the possibility of an important market top around these levels.

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

Have a great weekend!


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

Friday, May 19, 2017

Elliott Wave Stock Market Update - May 19






















The market counter-rally continued today and managed to test the TA at 2389 before giving up some of its gains. I'd be surprised if the market is able to close the sell-off gap early next week before heading back down but we'll see. I am holding to my gold and silver despite the gains today as I think  they will go up even more once the market unravels.

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

Have a great weekend!


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