Elliott Wave Stock Market Update - November 28

The market shot up today to a substantially higher high, confirming the more bullish structure I had suspected. And again, given this wave count, we can expect higher highs before a completion of the wave for pullback to at least the Trend Average. The excuse might be the tax bill, which has now made it to the Senate floor or whatever Trump does to answer North Korea missile test.

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 27

The market made another all-time high today and looks like the structure still has room to go before a bigger pullback. Considering we should get news on the tax cuts this week, this could serve as the excuse to finish up the 5 count. Whatever the case, I hope there are enough vote in the Senate to pass the bill. Without a doubt, this tax cut is for the wealthy and for business people. It will be interesting how they will spin it and sell it to the public as a cut for the "middle class".

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 22

Prices corrected mostly sideways today and we could see the count change to a more bullish set up if we see an impulsive wave in the next few sessions. Also, looking at oscillators, I see a room for another multi-month bullish leg if we see bullish momentum increase in the next week or so. This market looks like it's going to close out the year at ATH.

Happy Thanksgiving!

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 21

The market completed the 5 wave count to reach  new ATH and now the TA has turned bullish once again. The "correction" is technically over with 2557 as the level that will support this new uptrend. So, I am assuming the coming pullback will retrace some of the gains and then rally again past 2600 to reach new highs.

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 20

The market didn't do much today but we should find out if there is a 5th wave left or the bounce was a bull trap in the next session or two. The TA continues to be bearish biased but I am leaning towards the bullish side since stocks normally rally towards the end of every year.

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


Short Term Trend = Bearish 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 - November 17

Prices retreated today under the TA but still leaves open the possibility of a W4 for today.  So, if we are seeing the beginning of another rally for the next few weeks, then we should see a 5 count complete early next week with a higher high. However, if prices go below 2572 then we should see lower lows in the weeks ahead. The uncertainty over tax reform could be the excuse of a continued correction. Personally, I hope they lower the tax rate for pass through entities to 20% and give the 25% to C corporations. The real engine of this economy is small business but then again we all know the person in charge doesn't care about that. Whatever the case, if it passes, I come out well ahead in the next 4 years and for that I have to thank Trump for doing a good job of convincing poor and middle class to vote for him. Come to think about it, for a man that has never worked for someone else and was born with a silver spoon, it is amazing that poor and middle class people feel like he is "one of them".

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 = Bearish 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 - November 16

The market seems to have found a bottom after weakening for several sessions. The rounding top pattern is invalidated with today's possible W3 and the close is is above the TA, so we'll see if the "correction" is over in the next session or two when the TA gets back to bullish.

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


Short Term Trend = Bearish 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