Elliott Wave Stock Market Update - December 28

The market hasn't done much since last week but remains bullish biased. However, there is now a bearish MACD cross on the daily time frame, which normally ends up in a substantial correction. So perhaps the market is able to hold support and rally to another high before it starts its real correction in January?

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 27

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 22

The market didn't do much today despite the tax cuts being signed into law. The event was already built into the rally so now the market will need another excuse to keep going up. I am assuming the rally will continue until the earnings season in January and we will see then if there are signs of a bear market developing.  

Have a great weekend and Merry Christmas!

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 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