Elliott Wave Stock Market Update - November 30

The market made another ATH as I was expecting and this new high could put an end to the wave structure that started at 2557 two weeks ago. Technically, there is room for one more leg to another high but I predict prices will come down to test the Trend Average sooner than later. What happens at the TA will set up up trading for the next few weeks. Trump gives himself credit for the non-stop rally this year, we'll see what he says when the market starts falling (as in the coming bear market).

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 29

The market consolidated some of its gains today in what should be a W4 and short term oscillators reset, I expect another leg to a new all-time high. There is a good possibility of this 5 wave count being a W1 of an intermediate 5 count. If that is the case, prices could shoot as high as 2800 in the next few weeks.

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 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