Elliott Wave Stock Market Update - September 30

The market managed to rally towards resistance (2175-2180) and ended topping at 2175 before giving up some gains. I see a completed micro-5 count from the 2145 low and this reinforces the short term bullish trend. Still, prices need to close above the 50 DMA at 2168 and clear overhead resistance for the market to go substantially higher in a new multi-week rally. Considering the election time frame and the holidays, the ideal would be a rally in the next few weeks. But considering there are now 5 waves from the 2009 low, it's best to be cautious whenever the market dips below the 50 DMA.


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 29

The market had a bad day today and it is barely hanging to its now weakened bullish bias. In fact, the lower high made yesterday is showing signs of a top. So unless we see a convincing rally that is able to clear resistance, we will see lower lows in the next week or two. It would be good to see a rally to new highs but it is time for caution as the market is showing signs of stalled momentum.

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


Short Term Trend = Bullish 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 28

The market sold off earlier in the morning but a bottom was found at 2151 and the market managed to rally past resistance. The market is bullish but I will be more confident in continued upside once 2180 is cleared in a 5 wave count impulse.

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 26

The market counter-rallied today and hit resistance in the 2160 area. The bias, as I said yesterday, continues to be bullish but unless prices manage to start a meaningful rally in the next few sessions then the trend will turn bearish. The market could be consolidating for the last few legs of the rally that started in 2009 or could be in the process of going south. One thing that Trump said last night that was actually true is the fact that once interest start to rise then inflated prices will pop. The Fed might be holding rates low at this point for political reasons and once the election is over we might see the start of the next recession. I ended up selling today at resistance and will get back in once I see something more clear.


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


Short Term Trend = Bullish 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 26

The selling today invalidated the micro-5 count I was following and now we have to see if support holds again to launch another attempt at all time highs. The general bias continues to be bullish but less so than last week as we need to see another 5 count develop for the market to regain bullish momentum.

Anyway, I am going to get some pop corn and watch the debate tonight. I wonder what Trump is going to come up with tonight as I'm sure he is going to be like a pit bull on Hilary.

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


Short Term Trend = Bullish 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 23

The market corrected as expected on what should be a micro W4 and we should see a higher high earlier next week to complete the 5 count from the 2119 low. If W5 ends up being the same length as W1, we will see the all time high challenged before another correction takes place.

I am looking forward to the Trump-Clinton debate on Monday. I won't be voting for either of them as I don't like them. But Trump might just pull ahead on Monday if he can get to Clinton, he is good at finding weaknesses and at bullying so this will be his stage. It's going to be an entertaining debate for sure.

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 22

The market continued its break out today and the close turns the Trend Average bullish again while confirming the triple bottom at 2119. Assuming what we saw today was the micro-w3, we could see an all time high in the next few sessions. The NASDAQ actually made an all time high yesterday and another today so bulls are now back in charge. I am planning to sell the longs I've been holding when the count completes.

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.