Elliott Wave Stock Market Update - March 3

The rally continues and we could see a strong advance as soon as tomorrow. I'm assuming the market will take a break soon but the general bias continues to be on the bullish side. In fact, there is a fair chance of the long term trend reversing to the bullish side by the end of this month or some time in April.

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 trend being challenged
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 into consideration other factors.

Elliott Wave Stock Market Update - March 2

The market continued its rally towards the 2000 level and it is now just 1% away.  The coming jobs report serves as a good excuse to feed the rally, so we might get another strong up day before the end of the 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 trend being challenged
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 into consideration other factors.

Elliott Wave Stock Market Update - March 1

The market rallied to another high as I was expecting and the 2000 level will probably be tested in the next couple of sessions if the current wave is a bullish 3. The big test for the market will be overcoming the 200 DMA when prices get to that level. If the long term trend can be re-captured, we might see new all time highs in the next few months.

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 into consideration other factors.

Elliott Wave Stock Market Update - February 29

The market continued its correction today and ended the day testing the Trend Average. There might be more downside ahead but as long as last week's low holds there will be another rally attempt to a higher high. Oil seems to be headed towards $40 and this will continue to help equities rally 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 = 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 into consideration other factors.

Elliott Wave Stock Market Update - February 27

The market made a higher high today but started to pullback towards the end of the day ending right at support. We could see the correction continue early next week but as long as 1891 doesn't get breached, the target continues to be in 2000+ territory. I think as long as oil continues towards the $40 level there is a very good chance the market will keep rallying.

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 into consideration other factors.

Elliott Wave Stock Market Update - February 25

The market continued its rally today and was able to break resistance and re-capture its 50 DMA. This is a positive sign for the bullish case as continued trade over 1947 will lead to a challenge to the 200 DMA (currently at 2027). To confirm the market is in a bullish W3, we need to see strong buying in the next few sessions.

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 into consideration other factors.

Elliott Wave Stock Market Update - February 24

As stated a few days ago "If the count posted is correct, we will see a correction of the entire rally in the next few sessions to probably test 1887 support or the Trend Average". Support and the TA were tested as expected and the strong reversal signals the beginning of another impulse towards the 2000 level. There is still the possibility of another leg down to support levels again but the counter rally was strong today and a break of 1947 would confirm the correction is over.

On a side note, it looks like Trump will be the Republican nominee. If someone would have predicted this a few years ago, I would have had a good laugh. And to be clear, a Trump presidency would be awesome for my income as I would pay a lot let taxes but not sure about having this man running the country. The GOP is officially a disaster.

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 into consideration other factors.