Elliott Wave Stock Market Update - October 26

The market continued to bounce today but the price pattern remains the same. Also, this is the second close under the TA and we could see the TA finally turn bearish as soon as tomorrow. The bias leans to the downside but needs to be confirmed with a break of yesterday's low.

Short Term Trend = Bullish trend being challenged
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 25

A miracle! prices have closed below the Trend Average for the first time in a month. Also, today's low invalidates the bullish set up that had been in place and we could see a change in the short-term trend as soon as this week. Bulls would have to make a new ATH to invalidate the potential bearish count in place, which might be difficult given how steep the initial fall was today.

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


Short Term Trend = Bullish trend being challenged
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 24

The market finally "took a break" today but still managed to close the day slightly positive. The assumption if prices will continue higher as long as the TA supports it or until we see a possible topping pattern in place. So far the market looks unstoppable but things can change at any moment. The dissenting Republican senators are a cause for worry for tax reform as the slight majority the GOP enjoys is being negated by Trump's constant bickery with them. If this fails to pass, it will be all his fault for making everything so personal and behaving like a 3 year old. I knew he was going to be bad given his ego but this has reached ridiculous levels.

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 23

The market made another ATH earlier today before selling off the rest of the session. Still, prices did not even test the rising TA, so unless there is a big sell-off in the next session or two, the trend supports more upside in the near future. With all the talk about tax reform, the fuel is there for more upside. However, as I have been saying, the top for this bull market is coming sooner than later and is time to be prepared. Personally, I hope Trump gets the tax reform passed (that is the only thing I like about his Presidency) so I can save more of my hard earned money.

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 20

The market bounce today was stronger than anticipated and prices closed at a new ATH yet again. The topping pattern remains a possibility but only if prices come down early next week to test the low made yesterday. If prices only manage a Fib retrace, then this will set the market for a continued rally for the next 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 19

Volatility finally showed up today, after being on vacation for few weeks. The initial sell-off could be an "A" or a "W1", so we'll have to see where the bounce stops and the subsequent drop. If prices fail to go above the high made yesterday, then we will see another strong sell-off to test today's low and possibly much lower if the market is on a 5 count.

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 18

The market made its 7th consecutive ATH in today's break-out attempt. However, unless we see more upside tomorrow in a strong bullish wave, there is a high chance for a market drop. How much the market will pullback remains the main question.

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