Elliott Wave Stock Market Update - February 28

The market corrected today as expected but it's too early to tell if this will be another mild pullback before another push higher. I can't imagine Trump saying anything tonight that would be used as an excuse to rally but then again this market already knows where it is going, so it will stop only when it wants to stop.

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 27

As expected, the market made another all-time high today and reached the 2370 target I mentioned couple of weeks ago. I see enough waves to call the wave structure finished but the euphoria might extend the rally a bit more before a substantial pullback. Considering the market initially plunged when the news Trump had won on Nov 8th, this rally seems to be out of touch with reality and sets up a nice environment for the end of the bull market as we know it. Whether it takes weeks or another year to top, it's impossible to tell. But what we can do is start preparing for the coming sell off to take advantage of possible bargains when despair sets in.

I bought back my short position at 2365 so I hope we will see a bigger correction soon.

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 24

The market made a slightly lower low in the morning but managed to erase all losses and end the day just 1 point below the all-time high. A new ATH next week seems very likely before a bigger correction takes place. The economy is fairly strong at the moment and sentiment is very positive, so prices could keep going up for a few months. However, this is technically the last leg of the bull market so maybe by next year or so this will all be different.

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 23

Prices continued to correct today in the same range as yesterday and I expect another push towards new highs before a bigger pullback. Hopefully I'll get to buy back my short position tomorrow at a new all-time high. The market is very overbought at this point and could use a good correction before continuing its multi-month 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 22

Prices went into consolidation mode today in what seems like a micro-w4, so we should see a higher high as soon as tomorrow to complete the wave count. I was going to buy back my short position but after seeing the pattern, I figure I'd wait until tomorrow. Maybe 2370 will be hit after all?

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 21

The market continue to rally as expected and the 2370 target I mentioned on Friday looks feasible tomorrow. I was planning to buy back my shorts after hours but I was on the phone and forgot. So I hope we will see a higher high materialize tomorrow so I can get back in. The market is very overbought and a correction to the TA would be good to reset short-term oscillators. I think the market is lining up well for a "Sell in May" this year.

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 17

The market closed at another all-time high today and it is well positioned to rally early next week to a higher high. Going by wave symmetry, a rally towards 2370 looks ideal. I am glad I closed my shorts yesterday and I will buy back the position hopefully sometime next week.

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