Elliott Wave Stock Market Update - October 11

The market made a new ATH by 1 cent and the advance could continue tomorrow to higher highs. The current wave structure that started at 2488 is nearing its completion with the current 5th wave and a stronger pullback should come once the count is finished.

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 - October 10

The market seems to have finished its sideways correction and we could see a push towards new ATH as soon as tomorrow. The alternative is more consolidation but I think enough time has passed for another push tomorrow. I went long gold yesterday right after I finished updating, so I am looking forward to some volatility this or 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 - October 9

The market seems to be correcting in a W4 and we should see a new push towards a new high if the zig zag pattern is finished. It's also worth noting that gold seems to have put in a bottom, which would coincide with a coming top for the current wave and a spike in volatility. I might go long gold and silver tomorrow.

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 - October 6

The market experienced its strongest "correction" in over a week by retreating less than 10 points before rallying back towards the top at the end of the session. The jobs report was on the disappointing side and that served as the excuse but this won't be stopping the market from going to higher highs next week. Perhaps, we might see some sideways trading to consolidate gains but a push towards the 2560 level seems reasonable. And only then, after the 5 waves are in, we will see a real correction. What will be the excuse then will be anyone's guess as major events have been ignored or the last few weeks.

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 - October 5

Several weeks ago I posted:

" If the labels on the count are correct, the target for the 5 count is 2560 before another significant correction. "

It's been now almost one month and today prices came within a few points of reaching the target. The SP500 has posted 8 consecutive winning sessions, the longest streak in 4 years and I won't be surprised if the madness continues given the current environment.

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 - October 4

Prices reached another all-time at 2540 and we might finally see a slight pullback before another push towards higher highs. The price target for the wave is within reach and maybe we will see the wave completed by the end of this week or early next week. I didn't get a chance to go long so I completely missed out on this rally but I am tempted to go short once I see the a topping pattern. Also, I haven't talked about China in a while but I still have my positions there. If I am correct, a bull market is finally getting started there and could see prices double in the next year or two. If prices double, I will be taking an extra long vacation next year. It will be icing on the cake for my retirement.

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 - October 3

Another day, another all-time high. What really stands out for me today is that a new high was made despite the 30 min oscillator that I use going bearish. It is highly unusual for the market to go against this oscillator and it just highlights the strength of the current bullish momentum. But once the target is reached, we'll see the correction to the TA.

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