Elliott Wave Stock Market Update - July 21

The market showed signs of a top in today's session but this needs to be confirmed early next week with lower highs. If prices are not able to make a new ATH early next week, they we should see prices go down to test the Trend Average at the very least. With that said, the 5 wave structure is indicative of further upside after the correction, so there is a good chance for a continued rally once the consolidation period is over. I didn't get into any positions and just holding on to gold, but I hope to go long (or short) sometime 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

Elliott Wave Stock Market Update - July 20

The market made a another all-time high today and the W5 now is almost 1=1 to W1, so a conclusion to the wave structure would be ideal at this point. However, I see a Ascending Triangle forming and prices would reach upper 2485+ before going into a bigger correction. I never imagined the market rallying in the summer given the advance after the elections. But it is what it is, the uptrend continues.

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 - July 19

Prices reached a new all-time high as expected but now the structure from 2407 has enough waves to be considered complete. So we could see a stronger pullback in the next session or two to test the Trend Average, which is current at 2443. I ended closing my long positions and will buy them back at the test or I might short if I see a topping pattern (there is none yet).

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 - July 18

The market seems to have found a bottom for its W4 and we should see a new all-time high as soon as tomorrow. The could still be another bearish wave left in the W4 but I favor a new bullish leg tomorrow to complete the W5. I might lock in some profits tomorrow but we'll see.

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 - July 17

Prices took a break today in what looks like part of a W4 and my assumption is there is another leg to another all-time high in the next few sessions. I am staying put on my long position and might sell only after all the waves are in, which could take a while.

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 - July 14

As expected, the market made new all-time highs and we should see several more with or without a correction in the near term. Technically speaking, prices could shoot above 2500 since the market had been in a correction for several weeks and now has a good base to rally from. Also, with earnings coming up, the excuse to rally will be there. I raised my stop to 2432 and will just ride this for as long as the TA is bullish or until I see a potential topping pattern.

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 - July 13

The market has continued to rally and ended the day challenging ATH. Looking at the wave structure and other technical indicators, there is plenty of room for upside. So if we don't get a new ATH tomorrow, we should see one sometime next week as long as recent lows do not get retraced.

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