Elliott Wave Stock Market Update - December 1

The market has continued to follow the count as I had been expecting and now we have a higher high in the 2100 level. Technically speaking the structure from 2019 can be counted as complete as all it needed was a 5th wave. But I get the feeling this wave will end up pushing towards the previous high of 2016, so we'll see if there is enough momentum to get there. I continue to hold my longs but I am now raising my stop to break even (on my latest purchase) at 2089.

I have a few more days in China before I fly back on the weekend. Based on my observations here, a lot of the talk in the west on the Chinese economy is just pure overblown bearish drama. Not all that different from the bearish talk in the US actually.

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 30

Sorry but I've been very busy in China so don't have much time to update. But basically, the count posted is still alive so we'll see if a bullish W3 will start soon.

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


rm 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 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.