Elliott Wave Stock Market Update - June 9

The market finally made a new all-time and quickly reversed to make a low at 2415 before bouncing back to end the day basically even. With this new high and the break of 2424, there is a high probability the rally is over, so we'll find out in the next few sessions. I went short at 2427 and putting my stop at 2446. I might buy some more gold or the silver I sold last week. If I am correct about the top, we should see some panic coming soon.


For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com

Have a Great Weekend!

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 - June 8

The market tested its ATH today but was not able to make a new high. With this push, the wave could be completed but we need to see 2424 breached to confirm the top. I always believed the economic cycle was going to be the reason for the next bear market. But given our current President, maybe a political crisis will end up being the catalyst.  It's been almost 6 months of Trump and it's been nothing by drama, It's like the Kardashians X 2!. I'm not sure how is he going to get anything done at this rate. I just hope things calm down a little so they can pass the tax cuts, that's really the only thing I like from this administration.

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 - June 7

I spent the whole day at Disneyland today, so no time to write. If anything, I do not recommend going to Disneyland at this time of year. Way too many people, long lines.

Count remains the same, so there should be another high coming.

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 - June 6

Prices made a marginally lower low today but the wave structure remains the same, so there should be one more rally towards a new high and that will be the ideal spot to call the latest impulse over. Maybe bulls will manage to surprise but I don't think so.

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 - June 5

The market barely moved today, which is a sign of a time correction instead of a price correction. So, we could see another push higher in the next session or two after the recent gains are digested. I don't see the market going much higher given the run up last week but if bag holders are euphoric, there's not much anyone can do about it.

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 - June 2

I didn't get a chance to post on Friday because I was all day at Legoland but here it is. Basically, prices have continued to rally towards new highs and the micro-count looks mostly done. If we see one more high on Monday, it could be a top for a while given the overall count. I think the market is sucking in people who probably forgot or did not get to see the last bear markets, so it will be interesting once we actually see a significant correction. I've seen 2 "real" bear markets in my lifetime and I remember well how everything seemed perfectly fine, like it is right now.

Have a good 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 - June 1

The market was able to break out of range convincingly today to make a substantially higher high. We could see the rally continue but the count is now complete and ready for a real correction. I am assuming what we saw today was the W3 of the 5th leg, so I might end up getting some shorts by the close or early next week.

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