Elliott Wave Stock Market Update - January 10

Prices attempted a rally towards the all-time high and fell short a few points before heading back down to close the day exactly flat (something it has not done in 9 years). The NASDAQ however, was able to make a new ATH, so I hope all other indexes join in so I can start labeling the current count an impulse. I still think Obama will go out with an all-time high given his luck.

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 - January 09

The market has continued its correction, but we could see highs challenged again in the next session or two as long as 2260 gets respected. I hope the coming wave will be clearly impulsive so we can better predict where the top will be. The ideal scenario would be a rally all the way to May and then see the top for the entire bull market there.

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 - January 06

The market made a new all-time high as expected and higher prices should come next week as long as 2260 doesn't get breached. The potential count is a bullish nested W3 but we have to see how the rally evolves next week before placing labels. Maybe prices will stage a rally all the way to Obama's last day as President? The market has tripled since he took office so we might see all-time highs the day he leaves. Obviously, the rally had nothing to do with Obama but I am sure Democrats would like to get credit for that. And I hope the inverse doesn't happen with Trump but he will most likely get a recession and a bear market under his watch.

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 - January 05

The market pulled back as expected but it has not gone into the 2250 area yet. We could see another bearish leg tomorrow to test support at 2255 and possibly bottom there, or we could see bullish momentum pick up again tomorrow and send prices towards a new all-time high. Since the pattern is bullish and the Trend Average is back to bullish as well, I went long on my new TW account at 2268.

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 - January 04

Prices managed to rally back up to all time high resistance and this could potentially set up an Inverse Head and Shoulders to 2315. A pullback to successfully test the Trend Average would be create a reasonable entry point to enjoy the rally. A sell off to a low below 2233 would invalidate the bullish pattern and looks unlikely at this point. Especially since we have a coming president that will make America great 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

Elliott Wave Stock Market Update - January 03

Happy New Year! Hope everyone had a good long weekend. I can't believe we are in 2017 already. The market had a bullish start for the year but it was somewhat volatile during the remainder of the session, which shows some ambivalence by some traders. The close was right around the Trend Average and this should be considered a counter-rally until the TA turns again. I am still hoping to see the rally continue to new all time highs on a continued Trump rally. However, it won't be long before the Trump dump.

My new TW portfolio is all in cash and I will be bench-marking it  against the SP500 close of 2257 today.

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 30

The market decided to end the year in a negative note and the break of support opens the door for a bigger correction next week. I was hoping to profit from my last trade of the year but I had to stop out unfortunately. Still, I think new all time highs should come in 2017 before the beginning of a real bear market that could last a while. Trump was somehow credited for the rally since Nov 8th and he will be blamed for the coming bear market for sure. The US is in uncharted territory with Trump being president. And while I see the benefits of having an outsider shake up Washington politics, I am somewhat concerned with some of his rhetoric as nobody knows what he will actually do.

Have a safe and Happy New Year!

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