Friday, April 19, 2019

Elliott Wave Stock Market Update - April 19






















The market reached a higher high this week but fell short of challenging ATH as I had been anticipating. Still, the TA continues to be bullish and the rally could resume next week for another attempt a new highs. In the ideal world, the market would rally for the next few weeks to make an ATH in May and then go into a strong correction in the summer. Sell in May and go away for a good vacation! I am already looking forward for several short ones in the next few months.

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, April 15, 2019

Elliott Wave Stock Market Update - April 15






















The market closed slightly down today in what looks like continued consolidation. Once a bullish cross occurs in the MACD oscillator on the chart we should see a rally towards higher highs. Lots of earnings announcements this week so there will be plenty of reasons to 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, April 12, 2019

Elliott Wave Stock Market Update - April 12






















The market broke out of its consolidation pattern and ended the week above 2900 as I had been expecting. Next week, we could see the market continue the rally to challenge all-time highs. The beginning of the earnings seasons provides the perfect excuse to keep going higher.

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, April 10, 2019

Elliott Wave Stock Market Update - April 10






















The market has been in a sideways correction since reaching a higher high at 2895 on Monday and we could see another rally attempt soon to get past the 2900 level and then challenge all-time highs. The current market expansion in the US is just 2 months shy of the longest expansion in history and it seems like the economy will keep on growing if trade issues are resolved and interest rates remain the same. It seems this is what the market is predicting.

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, April 8, 2019

Elliott Wave Stock Market Update - April 8






















The market was technically in a "correction" for most of the day and managed to close slightly positive in the last hour. Looking at the chart, there is still room for another push higher before a stronger pullback and could even attempt a challenge to ATH first.


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, April 6, 2019

Elliott Wave Stock Market Update - April 5






















The market has continued its rally as expected and is now well positioned to challenge all-time highs in the next week or two unless there is some sort of bearish miracle. Maybe the rally will continue until May and then we will get a summer correction? I am still waiting for a real bear market to come but I am long and looking for any topping patterns to lock in profits.

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, April 2, 2019

Elliott Wave Stock Market Update - April 2






















The market ended the day flat in what looks like a W4 and if the count posted is correct then we will a higher high before any meaningful corrections. There is resistance at 2872 and if that level breaks then we could see a rally to challenge all-time this month.

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, April 1, 2019

Elliott Wave Stock Market Update - April 1






















The correction is officially over and we now have a golden cross which creates a bias for a new all-time high in the near future. I went long this morning and placing stops accordingly but I don't think there will be much of a pullback this or next week. I had been hoping for lower prices but unfortunately it just didn't happen. Bulls are in charge and it's just time to go with the flow.

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, March 28, 2019

Elliott Wave Stock Market Update - March 29






















The correction has continued but it has been more of a sideways consolidation move. It seems like the possibility of a recession is not scaring traders yet but at some point, reality will sink in. For now, a golden cross will probably occur tomorrow or Monday at the latest and I will be going long using recent lows as stops.

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 = Bearish trend being challenged


* 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, March 25, 2019

Elliott Wave Stock Market Update - March 25






















Prices made a slightly lower low today but closed the day flat. The bias is now to the downside so I imagine the correction will continue and possibly test 2755 around the time a golden cross occurs, which should be later this week. If prices are able to keep trading above 2755 then I will be going long.

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 = Bearish trend being challenged


* 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, March 23, 2019

Elliott Wave Stock Market Update - March 23






















The market closed the week substantially down and just below the TA. The markets were spooked by the inverted yield curve, which has been a reliable predictor of recessions since 1955 without a single false signal. All recessions began 6-24 months after the first inversion. So whether the markets will defy all odds again remains to be seen but I assume many will be turning cautious and will be quick to exit if trade falls below 2755. At the same time, a golden cross is likely to occur this or next week at the latest so it is a confusing time for many technical traders. The best indicator for now is to watch where the TA is headed.

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 = Bearish trend being challenged


* 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, March 19, 2019

Elliott Wave Stock Market Update - March 19






















The market closed flat today after making a higher high earlier in the day. A correction to the 2787 level seems appropriate at this point to consolidate recent gains. I saw headlines in the morning about China walking back some trade concessions, if that is true, then that would be a perfect excuse for proper correction this or next week. For now, nothing seems to be stopping this market.

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 = Bearish trend being challenged


* 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, March 18, 2019

Elliott Wave Stock Market Update - March 18






















The market has made another higher high and is close to staging a breakout. Also, a golden cross should occur in the next week or two and this could push the index to new ATH. I have been waiting for an entry point but I might thrown in the towel and go in in the next correction.


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 = Bearish trend being challenged


* 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, March 14, 2019

Elliott Wave Stock Market Update - March 14






















The market has refused to go down much and it looks like there will be another bullish leg coming up soon unless the 2803 low breaks. At this rate, a golden cross will occur in the next week or two and all signals will support a continued bull run towards ATH.

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 = Bearish trend being challenged


* 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, March 12, 2019

Elliott Wave Stock Market Update - March 12






















The market has staged a strong counter-rally that invalidates the previously posted short-term count and unless there is a lower low soon then the rally will continue. I still prefer to see an IHS for predictability's sake but the trend is what guides the market.


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 = Bearish trend being challenged


* 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, March 7, 2019

Elliott Wave Stock Market Update - March 7






















Selling has continued as expected and support was broken so the bias is now clearly bearish. My assumption is that prices will go into the 2600's and 2603 or 2681 holds will give us a clue for the next few months. A correction that ends up bottoming at 2603 or 2681 would create an IHS pattern that targets 3250. But given the fact this bull market is now 10 years hold (March 9, 2009) it wouldn't be a surprised if we will see a much deeper correction and eventually a real bear market. I will be going long using the support levels I mentioned but if they break then I will continue to wait for good entry levels.

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 = Bearish trend being challenged


* 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, March 6, 2019

Elliott Wave Stock Market Update - March 6






















Prices came down today as expected but remain above the critical level of 2764. Selling could accelerate if this support level breaks but if it holds then it means there is still room for one more leg up. Also, there is a bearish cross on the daily MACD oscillator and that is normally a reliable indicator or downside to come.

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 = Bearish trend being challenged


* 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, March 5, 2019

Elliott Wave Stock Market Update - March 5






















The market traded sideways today and ended the day basically flat and this lines up well with a potential strong bearish wave coming . A break of 2764 will send prices much lower. Given how much the market has rallied in the last 10 weeks, a stronger correction is not a surprise. What remains in doubt is whether this recent rally was just a bounce or a new leg to a new ATH after a fast correction in December.

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 = Bearish trend being challenged


* 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, March 4, 2019

Elliott Wave Stock Market Update - March 4






















The market made a higher high early morning but then went into a strong sell off that was partly reversed by the end of the day. I think is safe to say that if today's high holds then we will see lower prices in the next few sessions. A break of 2764 will send prices much lower. Given how much the market has rallied in the last 10 weeks, a stronger correction is not a surprise. What remains in doubt is whether this recent rally was just a bounce or a new leg to a new ATH after a fast correction in December.

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 = Bearish trend being challenged


* 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, February 26, 2019

Elliott Wave Stock Market Update - February 26






















The market closed flat today and it looks like it still has some more room to go before going into a real correction. Seems like bears need some sort of news to wake them up.

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 = Bearish trend being challenged


* 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, February 25, 2019

Elliott Wave Stock Market Update - February 25






















The market was able to trade above 2800 for the first time in months but we should see a correction soon as the waves look completed. My assumption is that the correction will drive prices down to test  2748 at the very least but it could go to 2600's. As long as the low made in January holds then we should see the rally continue towards a higher high and even a new ATH! I will be going long on the correction unless there is a panic feel to 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 = Bearish trend being challenged


* 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, February 20, 2019

Elliott Wave Stock Market Update - February 20






















The market has continued to make higher highs and it is a few points away from the 2800 level. At this rate, we will probably see a golden cross sometime in March so the plan remains to go long at the coming correction which should test the 50 DMA. It is almost 10 years since the 666 low in 2009. Ten years later and the market is up 300%, who could have guessed that when the risk of a second "Great Depression" seemed so real back then.

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 = Bearish trend being challenged


* 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, February 15, 2019

Elliott Wave Stock Market Update - February 15






















The market closed the week at a higher high and is now just a few points from 2800. Looking at the waves, we could see a pullback in the next few sessions that would present a buying opportunity using 2681 as the stop so maybe I will be buying all SP500 next week and go with the flow. Not to say that a bear market won't be coming, is just not coming yet.

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 = Bearish trend being challenged


* 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, February 13, 2019

Elliott Wave Stock Market Update - February 13






















Prices closed slightly higher today and could go as high as 2800 before finding significant resistance. If a pullback occurs at that level it will be setting up a potential inverse Head and Shoulders with the ATH as the target. Too early to tell but a pullback to test the 2600 level will provide a good risk/return entry. Aside from some silver, gold and oil I have most of my cash sidelined so I will buy if this pattern materializes.

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 = Bearish trend being challenged


* 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, February 12, 2019

Elliott Wave Stock Market Update - February 12






















The market has erased all recent losses and seems to be headed towards a recovery of the bearish long-term trend. Higher highs and and respecting the 2681 low would confirm a possible bullish Wave 3 coming up. I thought we would be seeing clear signs of a bear market by now but the trend is telling us otherwise so no reason to fight 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 = Bearish trend being challenged


* 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