Elliott Wave Stock Market Update - December 9

The market has made another high as expected to potentially finish the count from 2187. If there are further highs on Monday or I see a topping pattern, I will be going short early next week to make few bucks on the pullback. I am assuming the rally will continue for as long as the 2187 level holds coming corrections. The market is overvalued and overbought but the madness can easily continue for quite some time.

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 - December 8

Prices made another all-time high as expected and we should see one more high before the wave structure from 2187 is complete. Now that the market is at 2,250, it is less than 10% away from the ultimate target for the entire wave from 2009. So there is a good chance in 2017 we will be saying Adios Amigo to the 8-year bull run. That is unless Trump lucks out and manages to extend the bull market with a very favorable corporate policy but I still think a recession is inevitable and the market is due for a bear market. I am looking to "retire", as in having the option to do nothing, in 2017 and hopefully buy the market and real estate at a low around 2018-2019.

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 - December 7

The marker broke out of range in what is obviously now a W3. I was wrong in assuming we would get one more dip before the break out and instead the count I was following was a nested bullish 1-2. Higher highs are likely to come and this Trump rally might just go all the way until 2107 without much of a break.. it's gonna be Yuge!

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 - December 6

The market rallied to a higher high and and closed the day challenging ATH as expected on yesterday's post. Now that they are 5 waves in, we could see an IHS set up where prices end up testing the 2,200 level and start the next leg of the rally from there. I will be going long around the TA with a tight stop in hopes I can get on the Trump rally.


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 - December 5

The market was able to rally today is what seems like a micro-w3, which implies a higher high is coming as soon as tomorrow and could end up challenging last week's all time high. If we see highs tested, then we could see renewed strength through a IHS set up. I was hoping for a 50 DMA test but I'd be happy with a IHS set up to go long. Also, I sold oil earlier today and will buy in the next pullback. What OPEC does is illegal in a free market economy. What they call "OPEC Meetings",  is called collusion here in the US. Where else can you benefit from blatant price fixing but oil now days? It's easy money.

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 - December 2

Prices managed to bounce and stay above yesterday's low but the Trend Average has turned bearish. Looking at the pattern, if support keeps holding, we should see a rally early next week. However, a break of 2187(and especially 2180) will lead to a much bigger decline to perhaps test the 50 DMA currently at 2156.  I have only been long in oil in the past month but if stock prices get to the 2150 level, I'll get in long again.

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 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 - December 1

The market broke support at 2198 and the correction has made a lower low. The next level to watch is 2180 and if that breaks, then we should see a real correction in the next couple of weeks. But if the market is able to bounce from this area, then we will see another all time high fairly soon. Considering oil is rallying, downside should be limited in equities if the correction continues.

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