Elliott Wave Stock Market Update - November 25

Not much to add today since the market barely moved. Seems like most people are taking a break so we might not see anything meaningful until the long weekend is over. I have to get ready for my trip this Saturday and won't be updating on Friday unless there is a significant move. I will be in HK and China next week sourcing some products but I should be able to update frequently.

Have a safe and happy holiday!

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 into consideration other factors.

Elliott Wave Stock Market Update - November 24

A lower low was made earlier today after news of the downing of Russian Jets in Syria but the market bounced to close above the TA. It seems the market is planning to finish the count posted, so I am assuming a higher high soon that could possibly challenge the most recent high at 2116. Seasonally speaking, the bias should be bullish around Thanksgiving but we should also account for the ongoing Geo-political risks this year. I bought back my long position towards the end of the day since the stop is clear (W4 low), so hopefully we'll see 2116 tested.

Going forward, I'll probably be more cautious than usual mainly because of political events. The State Dept is issuing a travel alert but I hope everything will be ok. I am going to Asia this weekend and I am supposed to be mindful of the people around me but yet one is not supposed to profile anyone (isn't that a really stupid PC contradiction?). I just hope I don't get any terrorist looking individuals around me, I am going to stab them in the neck with my pen at the first sign of jihad.

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 into consideration other factors.

Elliott Wave Stock Market Update - November 23

The market went into a correction today after topping on Friday at 2096. It's not clear if the impulse from the 2019 is complete, but I am labeling the low today as a W4 in expectation of a higher high before a bigger pull back. I ended up selling my long position in the 2090's and I am planning to buy back the short position I sold weeks ago if a W5 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 into consideration other factors.

Elliott Wave Stock Market Update - November 20

The market has continued to rally as expected but if W3 sub-divides, we will see lower prices early next week before a resumption of the rally. I think the market has already priced a rate hike and if oil stabilizes, bullish momentum will gather strength.

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 into consideration other factors.

Elliott Wave Stock Market Update - November 19

The short term trend has turned bullish with today's close and we should see the market continue higher on a W3. Whether the W3 sub-divides is anyone's guess but we should see a push towards the most recent high at 2116. Maybe even the all time high set in May will finally be taken out in the next few weeks.

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 into consideration other factors.

Elliott Wave Stock Market Update - November 18

The 2068 resistance level was broken easily today and this move confirms the move from 2116 to 2019 as an ABC correction. There is the possibility for another zig zag to test the 1990-2020 area again but if a bullish W3 is confirmed in the next few sessions, then we are looking at new all time highs. I am raising my stop on my longs to the W2 low, so a good trade already even if the bullish W3 doesn't materialize.

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 into consideration other factors.

Elliott Wave Stock Market Update - November 17

The market tested the Trend Average and the 2068 resistance level early today but fell short on confirming the beginning of a sustained rally. I assume the wave from 2019 to 2066 will continue to correct before resuming the rally. However,if the market ends up selling off in the next couple of sessions to a lower low then the 1990 level will likely be tested. I raised my stops on my longs to break even, so hopefully my stop won't trigger.


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 into consideration other factors.