Elliott Wave Stock Market Update - December 29

Prices continued to sell off today but seemed to have bottomed just right above the 2242 support level. Now that there is a possible bottom pattern in place, we'll see if bulls intend to resume the rally soon for a strong January. The TA has turned bearish but I am still holding long because support has not broken, so I am hoping new highs will comes as I had anticipated.

I also sent in my check today to the brokerage for the new "Trending Waves" account. I should have the account funded by the time the market opens for 2017 next week. I had a relatively good trading year but I can't really pin point what my percentage return was as I kept varying my position size (with margin). With the new account, it will be clear as I will only use principal to trade on that account. Also, I am still hoping my China shares will get to 2007 highs in 2017 so I can really seal my retirement goal. Technically speaking, I'm set right now but primarily because of my business not because of the China trade. So if the SSEC can get to the goal, it will be like icing on the cake.

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

Elliott Wave Stock Market Update - December 28

The market failed to make a higher high as I was hoping and the micro-count posted yesterday was invalidated. Prices ended up closing right above the 2248 support level and this area holds further selling, then we could see another attempt at a breakout before the year is over. But if support is lost, then a bigger pullback will be likely in January. I am holding my positions but stopping if support is broken.

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 27

Prices started out in bullish mode but found resistance near the all time high. Going by the micro-count, we could see another wave tomorrow that would challenge or make an new all time high. The NASDAQ hit an ATH today so maybe all other indexes will follow soon. I am keeping my positions in hopes they will finally break out.

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 21

Traders are now really on vacation but I assume the market will start rallying early next week. The sideway move for the last 2 weeks should have been enough to digest gains since Nov 9th and the market closing above 2300 by the end of next week is very possible if yesterday's low of 2256 doesn't get re-visited.

Merry Christmas and have a safe long 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 22

Another exciting day in Wall Street! I guess traders are on vacation since the market is at the same level as 2 weeks ago. But a bigger move should come fairly soon and I am hoping it will be a break out to new highs. I added QQQ to my long position so I hope there will be a strong finish for the year, perhaps 2016 will have the highest close for the decade? The wave count is aligned for a major top in 2017 but could stretch all the way to 2018. Whatever the case, it is best to trade with extreme caution at these levels.

Also, I have the Trending Waves portfolio parameters in place and I just need to wire the funds to the broker to make the account live. Basically, it will be tracked against the S&P 500 including dividends and I will use long only SPY positions to trade in and out. At the time of dividend distribution, I will short to the hedge instead of selling so I can capture whatever the dividend that is being paid. The position will launch on January 1st and I will take into account what the market is doing to go long or in cash on that date.


Launch date: January 1st, 2017

Position size: $100,000 - Non leveraged account with the exception of dividend distribution window

Primary position: SPY

Strategy: Trend Average trading, Elliott wave count, and other chart patterns

Goal: To beat the SPY annual return including dividends


Very few professional money managers can beat the S&P 500,  with some studies suggesting only 1% of mutual fund managers can do that. So I will finally put my system to the test in the most transparent way that I can think of. Real money, real time results will show the validity of what I have been doing here for the last 6 years.

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 21

The market continues to buy time with today's session and I think oscillators have reset enough for a new rally in the next few sessions. The door is still open to some more downside to test support but it looks like bears have gone vacation already. To me, the question is not whether or not prices will go up but how much.

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 20

The market traded slightly higher today and could technically setting itself up for a rally tomorrow if today's lows holds. However, the possibility of testing support mentioned yesterday remains probable before the real rally takes place. I went 50% long (as in half of what I normally trade) in after-hours to make sure I don't miss any upside. I am also paying attention to gold as the bottom is near.

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