Wednesday, January 16, 2019

Elliott Wave Stock Market Update - January 16






















The market has made a higher high and technically tested the 50 DMA as I had been anticipating. Now, we should find out if this rally plans to go much higher or selling will resume in the next few sessions. This will depend on prices trading above 2628. If the market fails to rally past this level then we could see a strong sell-off ahead.

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 = Bearish
Long Term Trend = Bearish


* 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, January 15, 2019

Elliott Wave Stock Market Update - January 15






















The market broke resistance and looks well positioned to challenged the 50DMA in the next few days if the 2570 low doesn't get breached on a pullback. Once the 50DMA is tested then we might see the resumption of the sell-off if technical traders decide to dump their shares at that level.

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 = Bearish
Long Term Trend = Bearish


* 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, January 14, 2019

Elliott Wave Stock Market Update - January 14






















Prices closed down today but the market shows a possible triangle pattern that could break out to the upside soon. However, if the low at 2562 is broken then there should be a substantial pullback. It would make sense if the 50 DMA was tested before another strong sell-off and we should find out this 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 = Bearish
Long Term Trend = Bearish


* 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, January 11, 2019

Elliott Wave Stock Market Update - January 11






















The market ended the day flat but closed the week up +2.54% which is not all that surprising given how oversold the market was prior to the bounce. We might see a challenge to the 50 DMA trending at 2635 sometime next week and that could be the turning point as we could selling come back at that level. Personally, I haven't committed to any positions yet other than silver so I'm hoping to see a tradable set up soon. I am currently in China for business and despite all the media talk on a slowdown, things seem fine. If anything, it's interesting to see how technology has been evolving here. They use a QR code to pay for everything with the phone here.

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 = Bearish
Long Term Trend = Bearish


* 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, January 8, 2019

Elliott Wave Stock Market Update - January 8






















Prices have continue to rise as expected and we should be able to tell if this bounce will turn into a 5 count in the next few sessions. The 50 DMA is trending down at 2639 and I assume this trend will be challenged before any substantial selling takes place.

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 = Bearish
Long Term Trend = Bearish


* 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, January 4, 2019

Elliott Wave Stock Market Update - January 4






















The market had a strong rally today that recovered all of yesterday's losses and turned the Trend Average bullish. This change in trend invalidates the 5 count I had been posting and opens the doors for further upside. Still, this rally remains part of a counter-rally so another sell-off is likely once the short-term enthusiasm is over.

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 = Bearish
Long Term Trend = Bearish


* 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, January 3, 2019

Elliott Wave Stock Market Update - January 3






















Happy New Year!


The market sold off substantially today and could go much lower if the count posted is correct with the bulk of the selling coming in the next day or two. All the issues that were used as reasons to sell last month remain and if anything, the announcement by Apple of lower revenues ahead only adds to the list of excuses. Also, the government shut down could start turning into an economic problem if not fixed soon.

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 = Bearish
Long Term Trend = Bearish


* 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