Elliott Wave Stock Market Update - December 31

The market closed the year on a bearish note and we could see the start of a bigger correction next week. The TA turning bearish would confirm the bearish pattern, which in turn could set up the top of the bull market for the past 9 years. Still to early to say obviously, but a new bear market coming is now more probable than possible. So time to save up up and invest accordingly.

My goal of reaching my retirement goal is 2017 was technically achieved, but it was not through stocks as I had been expecting. Instead, I got there through my business and I am very glad I can finally say I am done with saving money. I still want to buy another place to add to my security but in the whole scheme of things, it's more of a luxury than a necessity. My stock portfolio, which is heavily invested in the Chinese market, did very well but never reached the goal I had for it 100%. Instead,  it closed the year at 85% of my retirement goal. Not bad, specially since I enjoy the dividends from the investment but hopefully it will get there in 2018. My trading portfolio did also well, but it fell short of beating the SP500 because at one point I was too risk adverse and decided to stop taking chances. I have to do the final calculation but I think it trails the market around 5%, but obviously, this is just one year of several to come where I am doing this real time trading test. If I am right on the coming bear market, my trading portfolio will obviously outperform the market and make up for this year's gap.

I wish everyone a Happy New Year and Prosperous 2018!

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


Short Term Trend = Bullish 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 - 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