Elliott Wave Stock Market Update - February 10

The break-out has continued today to new ATH. I was hoping for a correction but it looks like the 5th wave on the micro-count has extended, so maybe the coming correction will probably not go below the 2301 level. I sold too early unfortunately but it's better to be conservative (but still profitable) and get a good night's sleep than to worry about what the market will do on Monday :)

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 - February 9

The market broke out today as I was expecting and seems to have completed one 5 wave micro-count to top at 2311. If the rally is going to continue, I assume there will be a correction to test the opening gap/TA and then resume to higher highs. I sold today at 2308 and will buy back on the correction with a stop at 2285.

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 - February 8

The market made a lower low at the opening but was able to reverse losses and end the day positive. I continue to assume there will be a break-out and it could come as soon as tomorrow as long as prices do not trade below the Trend Average. The market seems to be getting used to Trump "events", so maybe prices will finally go to the next phase of the 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 - February 7

The market made a marginally higher high today to complete the a 5 wave micro-count but it fell short by 1 point from making a new all-time high. The DJIA and NASDAQ made new ATH and it might just be a matter of time before the SP500 joins them. But considering there is a finished count in place, I assume there will be a pullback before another attempt to break out from the current range. I sold my longs for a minor profit and looking to buy back on the correction.

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 - February 6

The market went into a mild correction in what could turn out to be a W4. However, the overall pattern could also be a cup and handle, which points to much higher prices. Whatever the case, the bias is to the upside and new all time-highs could come as soon as tomorrow or Wednesday. I ended up buying back my long position, so hopefully the bullish bias continues until I sell :)

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 - February 3

The market was able to rally today with an early gap up that kept the market elevated throughout the day. Technically speaking, the top island pattern remains in place until a new high is made. But given the impulse seen today, the market is well positioned to continue to rally next week to new highs. I have been in cash for most of the week but I might have to jump back in the rally resumes. I also bought oil and gold on my other trading account as I think they will be going up for the next few weeks.

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 - February 2

The market didn't do much today and remains in the same position as yesterday. A sell-off could come as soon as tomorrow unless the recent high is taken out. Maybe Trump will say something crazy later tonight/early morning that will move the market.

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