Elliott Wave Stock Market Update - September 12

The market staged a fairly strong bounce today as expected but the real challenge will be re-capturing the Trend Average currently at 2170. So until the short term trend is back to bullish again, my assumption is the correction  is not over. I am holding on to the long position and will sell at the test of the TA.

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 - September 9

Prices plunged unexpectedly today closing at a level not seen since early July. I was hoping to see a strong move to the upside to finish up the impulse from the Brexit lows but bulls ran out of steam. So at least we know now that the entire structure is over and we can start preparing for the bottom of what would be the W2 of W3 of LTW5 or the beginning of a true bear market. The key markers to look for are 1991 and 1810. I'll chart a longer term count next week to illustrate where I think we are at. Personally, I would welcome a true bear market that would see prices retrace 50% of gains since 2009 but if the LTW5 sub-divides then 2335 will be the top more or less before the real plunge takes place (and yes a big bear market is coming fairly soon).

I stopped out earlier in the morning and bought back at 2134. I'm guessing there will be a counter-rally next week to the TA. Finally, some excitement!!

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 = 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 - 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.