Elliott Wave Stock Market Update - March 2

The market finally went down more than a few points in today's session. The loss today was the largest this year and it was only 14 points! While it's too early to call for a substantial correction just yet, I am assuming there is a good chance support at 2358 will be tested if the market fails to bounce tomorrow. After a non-stop bullish run for almost 4 months, the market is due for a real pullback.

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 - March 1

The market really liked Trump's speech last night and reached the 2400 level today. This is the strongest rally we have seen since 2013 and it makes 2500 look like an easy target at this point. At the same time, this 2400 level has been the target for the entire rally that started in 2009. The exact target is actually 2423, so don't be surprised if the market experiences a strong reversal after the euphoria fades. Stock market cap to GDP is running around 130%, which implies a an extremely overbought condition that eventually gets corrected by a strong bear market. Maybe sell in May this year will be stronger than usual?

I ended up holding my short position I bought couple of days ago and looking to again trade the position on the correction unless I see a definite trend reversal move. At least I am just buying regular 1 to 1 shorts and not leveraged or VXX, this rally has the potential to wipe out the riskier short positions.

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 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