Elliott Wave Stock Market Update - September 8

Prices failed to rally today and instead continued its sideways correction. We should see the start of a new bullish leg tomorrow going by short term oscillators but we also could see the correction going into next week if bulls can't make up their minds.

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 = 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 into consideration other factors.

Elliott Wave Stock Market Update - September 7

Prices went into a correction after hitting a slightly higher high in the morning and we could see a rally towards the all time high as soon as tomorrow. A strong opening could lead to the start of a multi-week bullish run. The market just needs an excuse to start this new leg.

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 = 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 into consideration other factors.

Elliott Wave Stock Market Update - September 6

The market was able to make a higher high today after a somewhat bearish opening and with today's close the Trend Average turns bullish again. We could see a correction in the near term to test or even close Friday's gap but now the bias favors continued upside and possibly new all time highs as soon as this or next week. I ended going back long again at the end of the day so we'll see if prices finally go over 2200. It's been a grueling summer for bears and fall will probably not be any better.

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 = 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 into consideration other factors.

Elliott Wave Stock Market Update - September 2

Prices rallied substantially today early morning and managed to hold on to most of the gains by the end of the day. If the rally continues next week to a higher high then we will have a new 5 micro-count and perhaps the first leg of the 5th wave we have been anticipating for weeks. I am planning to go back long if the TA turns bullish again. Just need to find a good entry point.

Have a great long weekend! Can't believe summer is coming to an end already.

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 = 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 into consideration other factors.

Elliott Wave Stock Market Update - September 1

The market continued to sell off and made a slightly lower low before bouncing back towards the end of the day. If this is a W4 correction then it should be coming to an end fairly soon since oscillators have been resetting. I am looking for signs of a bottom or a tradeable set up to go back long again.

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 = 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 into consideration other factors.

Elliott Wave Stock Market Update - August 31

Prices made a lower low today but bottomed just barely above last Friday's low of 2160. Technically the bullish bias continues to be in play but now the Trend Average is firmly bearish again. I think prices will ultimately will break out and go much higher but we could see more turbulence for the time being. I stopped out at 2168 with a small profit and will be looking gor another set up to go long again.

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 = 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 into consideration other factors.

Elliott Wave Stock Market Update - August 30

The market went into a minor correction as expected and so far the bottom has been above 2168. So there is a chance for a stronger bullish wave starting in the next session or two if today's low at 2170 does not get breached. I didn't get a chance to lock profits in the morning so I guess I will just ride the whole thing to new ATH.

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 = 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 into consideration other factors.