Elliott Wave Stock Market Update - November 30

The market has finally closed under the Trend Average for the first time in almost a month. Prices tested the 2198 level but failed to make a lower low, but if prices go below support then we should see a bigger pullback ahead. If prices are able to regain its footing tomorrow, then the target at 2220 remains in place. The market could use a break for couple of weeks, so we'll see if the bigger correction comes.


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

Elliott Wave Stock Market Update - November 29

The market technically continued its correction today but it might be over tomorrow if the 2198 low doesn't break. There is a small Head and Shoulders pattern that targets 2220, so we could another new all time high in the next couple of days. The same market that was panicking on election night is now ecstatic about Trump.

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

Elliott Wave Stock Market Update - November 28

The market is taking a break and perhaps we will finally see the Trend Average tested, which is at 2195. I can see this wave continue to make higher highs if the TA holds the correction. Maybe the coming interest hike will serve as a better excuse for a bigger correction to set up the market for a Santa Rally?

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

Elliott Wave Stock Market Update - November 25

Another day, another all time high. There is simply no sign of stopping this rally in the near future. The only bearish factor is the market being oversold and the waves being stretched on an extended 5th. Maybe there will be some news next week that can be used by traders to correct the market. Maybe it will be the recount being sought by the Green Party?

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 = 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

Elliott Wave Stock Market Update - November 23

The market almost made a new all time high again today but fell just marginally short. My guess is new highs will continue as long as the short term trend remains bullish. Technically there are enough waves to start a correction but the current bullish wave could be extending and take its sweet time before a big pullback.

Happy Thanksgiving!

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

Elliott Wave Stock Market Update - November 22

Another day, another all time high. The Trump rally continues and for the first time we have a close over 2,200. It seems like it wasn't all that long ago when the market was at 1,000. I did a wave calculation for the top of the market a few months ago when 2135 broke and if I remember correctly it was about 2,400 or an 8% upside from current levels. So maybe this market will continue to rally well into next year and finally find a top sometime in 2017. I just hope I have time to save some more cash to prepare for the next bear market. I missed the bottom in 2009 but I am definitely not missing it on the next one.

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

Elliott Wave Stock Market Update - November 21

I thought the market was ready for a break but I was wrong, prices decided to make an new all time high. This should not come as a surprise as it was a question of when and not if. We could see prices stage a break out this week to 2200+ but I still think it would be better for the Trend Average to be tested first before the next bullish leg. And so much for a Trump crash, the market wants to go up and the only thing stopping this bull market will be a recession.

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