Elliott Wave Stock Market Update - December 21

Prices rose to challenge all-time highs today but was couple of points short of making a new high. If we see a gap up or a strong rally tomorrow, this will confirm a nested 1-2 set up that will propel the index to substantially higher highs. Maybe we will get a Christmas rally on top of the all-year all rally?

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 - December 20

The market has pulled back as expected but looks like it is getting ready for another rally as long as 2671 doesn't get breached. Given the news the tax bill has now passed both the House and the Senate,  a signature by Trump makes it into law and this should give a good reason for stocks to go much higher. While I think tax cuts for businesses could have been better, I will end up saving quite a bit starting next year. So, this is a good Christmas gift! However, the cost of this tax cut is $1.5 trillion and  underfunding of many programs that help the poorer, so unfortunately, this is not a win/win situation.  I wonder how poor and middle class Trump supporters feel about the whole thing.

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 - December 19

Another day, another all-time high! seems like the market has no plans to pullback much for the remainder of the year. Looking at the wave count, it looks like this rally will be carrying over to January so 2800 is realistic by next month.

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 - December 15

Prices reached another ATH after the slight correction in the past couple of days. Technically, there are now enough waves for a stronger correction to come but given the possible tax bill being passed soon, the IV label might end up being a W2. Which implies a very strong wave coming in the next few sessions. I checked what looks like the final bill and I get a decent (not great) tax cut, so I hope they get it done by Christmas.

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 - December 14

The market pullback today to test the Trend Average and unless the trend changes, this is just another mild correction before another rally to new all-time highs. At this rate, we might see 2800 in January but a bear market is on the horizon and I won't be surprised to see signs of it after the bullish season is over.

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 - December 13

The market made a marginally higher new ATH today but gave up gains at the close to end the day in red. I think the Senate and the House have reached a deal and they should be sending it before Christmas to Trump to sign it. This is really about the only thing I have been looking forward to by the GOP, so I am glad they are delivering it. Good thing they are doing it now and not next year as the GOP might lose control of the Senate in 2018.

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 - December 12

Prices made a new ATH today as expected and now we should see what will be the bearish response tomorrow or Thursday.  If prices go below 2624, today's high becomes an expanded flat pattern with substantial selling ahead. But if 2624 holds the coming pullback, then there will be new highs ahead. I lean towards more upside since the tax bill is on track and possibly enacted into law by the end of the year. That will be a reason for financial market to celebrate as there will be more money coming in for sure.

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