Friday, February 14, 2020

Elliott Wave Stock Market Update - February 14






















The market made another new ATH as expected but it doesn't seem done yet as the "correction" in the last couple of sessions looks like a W4. So maybe another push or two to new records and then a bigger pullback. This market wants to go to 4000!!

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, February 11, 2020

Elliott Wave Stock Market Update - February 11






















The market has followed the count posted and reached a new all-time high again today. Assuming, this was the 5th wave peaking and not the 3rd, we should see a bigger pullback in the next day or two. If the correction ends up being flat or within a small range then the count is like to extend. Maybe the market will use a Bernie in NH win as an excuse to sell off!!

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, February 6, 2020

Elliott Wave Stock Market Update - February 6






















The market was able to reverse its bearish trend and turn very bullish in a matter of few days. I was expecting a bounce from last week's sell-off but not this panic rally taking place. It seems as if the cure for the coronavirus was found! It can't be Trump being acquitted as nobody ever expected him to be convicted in the Senate so I guess the market was just taking a quick break before going crazy again.

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, February 3, 2020

Elliott Wave Stock Market Update - February 3






















Prices rebounded today somewhat but the potential for renewed selling remains considering the TA was not even tested in today's counter-rally. Given the potential for the coronavirus situation to drag on until at least March, there is plenty of time for a continued sell-off in the weeks ahead. One thing that is starting to grab my attention is the strong selling in China. If it goes lower, I might end up buying some shares as they might go in full panic mode over there.

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

Friday, January 31, 2020

Elliott Wave Stock Market Update - January 31






















The market closed the week firmly bearish in what could be the first of several bearish weeks to come. I posted a completed bearish 5 count that could call for a temporary bottom soon but the wave structure can also be interpreted as a bearish 1-2 set up with severe downside to come next week. There is some panic right now but this has been expected so it doesn't come as suprise.

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

Monday, January 27, 2020

Elliott Wave Stock Market Update - January 27






















The market has finally turned the TA bearish and we should now see a real correction. A few days ago I was wondering what excuse would cause a strong correction given the market obliviousness to politics but the corona virus from China seems to be doing the job. I liquidated by long positions in the US market today and will probably buy again when a bottom is made.

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

Wednesday, January 22, 2020

Elliott Wave Stock Market Update - January 22






















Prices made a new ATH again today after a mild correction yesterday and the bias continues to be bullish. Maybe, the new coronavirus outbreak will be used as the excuse to finally send the market into a real correction. For now, it seems like the market wants to keep rallying.

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, January 21, 2020

Elliott Wave Stock Market Update - January 21






















The market went into a "correction" today after almost non-stop rallying in the last couple of weeks but so far it looks like a very minor correction. So nothing for bears to get excited about yet, not until the Trend Average turns red which hasn't happened since early December.

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, January 17, 2020

Elliott Wave Stock Market Update - January 17






















The market closed the week at another all-time high and it seems like prices are about to go parabolic at this point. Technically speaking, the market is overdue for a stronger correction but the fact traders have learned to ignore the political news and now we have the truce in the China-US trade war, prices  could continue to go up for the rest of the month to unimaginable levels if the Trend Average keeps its bullish bias. I have stayed out of the US market for most of 2019 but I do have some positions holding DVY since November and probably will not sell until I see a topping pattern in play.

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

Wednesday, January 15, 2020

Elliott Wave Stock Market Update - January 15






















The market reached another new ATH today before giving up most of the gains by the close. The excuse was the signing of the "Phase 1" of the China-US trade deal but in reality, it doesn't really amount to much economically. Trump just wanted something done to claim some sort of credit which I am sure his supporters will give him regardless. In 12 months, we'll see if Trump can hold on to the presidency.

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, January 13, 2020

Elliott Wave Stock Market Update - January 13






















The market has made another ATH and looks like it will continue its rally for the next few weeks given the impulsive look of the most recent 5 wave count. It's actually incredible how much the market keeps going up. At the same time, my business is doing well which is a reflection of a strong economy so maybe that is a better indicator than our attempts to predict the market based events.

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, January 9, 2020

Elliott Wave Stock Market Update - January 8






















The market made a new ATH today but remains to be seen if this high is part of an expanded flat correction or part of the 5th wave as the low made on 01/06 could technically be considered a W2. What happens in the next few sessions should give us an idea of the general direction for the market for the rest of the month. For now, the bias continues to be bullish.

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, January 6, 2020

Elliott Wave Stock Market Update - January 6






















The market gapped down early morning and make a lower low just above support at 3212 before rallying and and erasing all losses. It is still too early to tell if this is part of a sideways correction or the beginning of a stronger pullback but how ATH at 3257 holds as resistance should give us a clue of what's to come for the next few weeks. Going by the news, one would assume something big and bad is coming as retaliation for the assassination of the Iranian commander. And btw, that excuse by Trump that he had him killed to "protect Americans" is as old and disingenious as the WMD excuse for the Iraqi War disaster. I get the feeling Trump is completely clueless as to what he is doing in the Middle East. So much for ending "Endless Wars"..

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, January 3, 2020

Elliott Wave Stock Market Update - January 3






















I assumed prices would push higher before a top but now it seems like the market might have completed the count yesterday. If the count is indeed complete then we should see the start of a stronger correction to consolidate all the gains made in the last few weeks. The Iran issue causes uncertainty in the oil markets and provides the perfect excuse for a strong pullback. Another factor might also be the manufacturing reading this morning showing the worst reading in a decade. So much for bringing manufacturing back to the US!!

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, January 2, 2020

Elliott Wave Stock Market Update - January 2






















Happy New Year!

The market is starting the decade with an all-time high and prices seem to be following the count posted so we might see higher highs before a correction period to digest the strong gains from the last few weeks. We have been waiting for a bear market for so long that I don't want to even try to predict the top of this rally with Elliott Wave. I am certain that there will be 5 waves in the end, the problem is pin pointing when and I think it is more profitable to just invest according to the trend than trying to time.

Anyway, hope 2020 will bring health, happiness and prosperity to all!

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