Elliott Wave Stock Market Update - March 10

The W4 remains a possibility but it will start looking suspect if we don't see a rally tomorrow. Considering recent advances in oil and the aggressive QE the EU is implementing, I'm surprised the market didn't gain traction today. So failure to complete the 5 wave count will lead to a bigger correction, perhaps to the 1931 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 = Bullish
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 9

The market looks like it is finalizing a short term correction and we should see another bullish leg to complete the 5 wave count as soon as tomorrow. Oil rallied back to the $38 level today and we should see some of that bullishness help equities in the next couple of days.

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


* 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 8

The correction continued today but the count remains the same with the expectation of a higher high that could challenge the 200 DMA. The count would be invalidated only if prices go below the 1961 level. I might attempt a short if the market makes it to 2020 with the expectation of a TA test.

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 7

The market consolidated some of last week's gains in what seems like W4. Another bullish wave after the correction would end up challenging the 200 DMA at the 2022 level and give us a better idea if rally from the 1810 low is a counter-rally or the beginning of a multi-month bullish run to new all time highs. Oil continues to climb towards $40 and provides a good excuse for the rally to continue.

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 t

Elliott Wave Stock Market Update - March 4

As stated couple of weeks ago "Support and the TA were tested as expected and the strong reversal signals the beginning of another impulse towards the 2000 level".  Today the 2000 level was finally reached and the bullish leg that started at 1810 is now 200 points long. Considering oil continues its climb towards the $40 level, equities could keep climbing despite rallying 11% from its February lows. Whether the index is able to re-capture and trade above the 200 DMA is the million dollar question. Personally, I lean towards this rally being the beginning of a LT W5 on the long term count posted a few weeks ago. Pessimism reached very high levels last month despite the economy being in a good shape, so fundamentally speaking this would be an ideal time for another multi-month rally to new all time highs to complete the count that started in March 2009. Perhaps history will repeat itself (like it happened with Bush in 2001) and we will see a major correction along with a recession in the first year of the next President.

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 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.