Elliott Wave Stock Market Update - November 6

Prices made another new ATH today and could see the 2600 level in the next few days. The market has been in a state of constant euphoria ever since Trump won, despite the fact markets initially plunged when the news Trump had won. This strong wave is likely to be an intermediate W3 and we should see a W4 and then one more leg to finish off the bull market. When is that coming is obviously the million dollar question but given the amount of waves in already, I am getting prepared by saving (and not investing) as much cash as possible. What is already invested already, I'll will let it ride but it's time to pullback on risk on new positions.

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 - November 3

Prices made a marginally higher all-time high near the close and the Trend Average continues to support higher highs. However, waves don't have an impulsive look to them and a change of trend could occur as soon as next week. The economic picture looks great at the moment but like everything else, it is cyclical and a recession is very probable in the next year or two.

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 - November 2

We finally found out the details of the tax cuts and like me, the market was not all that excited about it. I was doing the math on it and for pass-though businesses (like the one I own), and we would see a minimal percentage cut. So, not sure if the plan is meant to energize businesses to hire and spend more or for Trump to cut his own taxes. After all, smaller businesses is what dominates the economy on the aggregate, not large corporations. So while a tax cut us is good, a few thousand dollars makes no difference. In fact, I much rather pay those extra few thousand and have a normal President and not one that keeps people up at night. So much for all that talk about taxes, full of BS as usual.

Anyway, the market reactively somewhat negatively but remains positioned to make another ATH. Now that prices are close to 2600, the bull market is nearing the end. Whether it has a few waves left or not, I think the time where all trend turn bearish (which we have not seen in a long time) could come in the next few weeks or few months. For me, it's time to raise and keep cash.

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 - November 1

The market made a new all-time as expected and could rally towards the 2600 level if the "Cut, Cut, Cut Act" is well received (who else in the world would come up with this ridiculous name!? take a wild guess). The details are supposed to be out tomorrow so we'll see what's actually in it. I am really hoping the tax cut for pass-through entities is as good as rumored. If the bill is well received, this should give enough fuel for the market reach new highs tomorrow or Friday.

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 31

Prices closed barely positive today despite the new ATH in the Nasdaq. And with the announcement of the proposed tax reform bill coming soon, bulls could use the excuse to push the index much higher. Perhaps even break 2600 for the first time ever.

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 30

The market went into a correction today, which is not all that unexpected given how overbought the market was at the end of last week. And I presume once gains are consolidated, the rally will continue towards higher highs. The unveiling of the details for tax reform on Wednesday should give stocks a reason to resume the rally. As a business owner, I hope tax cuts for pass-through entities will be as good as I have been reading. That would save me a lot of money in the next few 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 - October 27

Just when I thought he market was ready for a fall, the bulls pull one out of its hat and made another new ATH. This price action again invalidates the potential bearish count I was looking for and instead offers the possibility of a continued rally or a "megaphone top" pattern. For now, the most reliable indicator has been the short-term trend so we are back to expecting higher highs as long as the trend is bullish. Good thing I am not short this thing!

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