Elliott Wave Stock Market Update - September 30

I am back from Thailand and wanted to add this update. It was hot and tropical over there but it was a much needed vacation, great place to vacation. in fact, I am already thinking about when I will be going back. I haven't looked at a chart in over a week and I see the market ended up closing up the week at a new all-time high. Not surprising since upside had been expected, what remains to be see is whether or not there is momentum for a decisive breakout this coming week to possibly push the market to target of 2560 I mentioned a few weeks ago. The economy seems to be doing great and from what I gather on the proposed tax cuts, if passed, the coming recession would be postponed for a few years and will give the market more room to go higher.

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 - September 22

The market has again traded sideways but closing the week above the 2500 level. Given the current trend, my assumption is the market has been buying time to start the next leg of the rally next week. We might see some volatility if rocket man starts testing bombs and rockets but I don't think it will enough to bring the market just yet. It is only after all the gains are in that a sell off will come at the slightest excuse.

I am going to Thailand tomorrow and I am hoping to have a nice working vacation over there. I haven't been there in 11 or 12 years so this should be nice.

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 - September 21

The market didn't do much today other than test the rising Trend Average now at 2499. Break of support or resistance should lead to the next leg of the rally or a beginning of a correction. I will be going to Thailand this coming week so I might miss an update here and there.

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 - September 20

The market dropped earlier in the morning but it was not to invalidate the bullish set up in place. So unless prices come down and break support, we will see another rally to higher highs. The announcement today by the Feds is significant and this helps them prepare better for the next recession. No one knows when it's coming but this current economic expansion is already the second longest lasting on record and soon to be the longest. So odds are favoring a downturn in the not too distant future.

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 - September 19

Prices bounced back to towards ATH resistance and looks positioned to keep pushing higher as soon as tomorrow. We could even see a melt up given the current euphoric environment. But there are risks in the background that could be used as excuses to sell off as well such as rocket man Kim, Trump and even Maria. So I am looking to go long but ready to jump ship at the first sign of trouble.

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 - September 18

The market made another ATH as expected and has enough waves to call itself complete. But if 2491 holds a pullback then it will probably extend and rally much higher before finding any significant top. Everything is good in the world of equities and this is a good time for much higher prices before a big correction comes. Whether it will be later this year or next, bears will be coming back finally after being dormant for the past 8 years.

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 - September 15

The market reached 2500 after all at the close of the day. This, despite North Korea shooting missiles over Japan and taunting Trump. Goes to show how the market has a mind of its own and is not as news driven as most people believe. The public and the financial media just rationalizes market moves based on the news for the day but that's not really what makes the market move 90% of the time. Anyhow, I expect higher prices next week to new highs and maybe the market will turn bearish one the target for the 5 count is done.

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