Elliott Wave Stock Market Update - January 17

The market reached the 2800 level as expected and I am now tempted to label the IV wave to a II. If prices keep going up with strong momentum, it means the rally has ways to go before a true correction takes place. Too bad prices never retraced enough for me to add longs but it's all good, my China shares are going up a lot too so can't complain. I am 4% away from my retirement goal on my long only portfolio, this despite the fact prices in the Chinese index are nowhere near the high of 2015.

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 - January 12

The market has continued to climb higher to reach a new ATH and 2800 looks like a possibility in the next week or two. I was reading today that the market has not been this overbought in 20 years and its RSI reading is the second highest since 1928! Obviously, that doesn't mean the market will collapse but it gives us a perspective on the current mania. For me, this is time to start accumulating cash to deploy once we do get a bear market.  As Buffet says, be fearful when others are greedy.

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 - January 11

The market managed to close at another ATH and the bearish set up in place was invalidated with this new high. Bears just can't get a break in all of this mania and I am sure at this point the great majority have thrown in the towel. The "stronger" pullback the market felt couple of days ago could be a W2, but I am labeled it a W4 to be on the conservative side. If we see the market go up with the same momentum as in the beginning of the year, then prices are headed towards 2800s by the end of this month. I stopped out of my short position and looking for another opportunity.

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 - January 10

The market had its first negative day for the year but it has yet to test the TA. So, I expect prices to test it tomorrow unless bulls are able to invalidate the bearish set up. Ideally, we would see a bigger correction to reset the current overbought conditions but it's hard to tell when people will come to their senses. For now, this is just a correction within a bullish trend.

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 - January 9

The market made another all-time high as expected but I finally see signs of a top on the wave structure. Prices should head towards a TA test before getting above the high made today at 2759, if prices make another high then the bearish pattern is invalidated. I placed my first trade for the year and it is a short at close with the 2759 as the stop. If prices head down to the TA and stay above it, then I'll probably go long and join the melt-up.

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 - January 8

The market managed to make another ATH despite its short-term MACD oscillator going negative, which is extremely rare and a signal of manic buying. So, I am expecting the rally to keep going until it finally hits exhaustion.

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 - January 5

As expected, the market has continued to make new all-time highs. We should see a pullback or sideways trading next week to consolidate gains but the bias continues to the upside. In fact, if the market does a TA test, going long with a stop at 2673 wouldn't be a bad idea for a short-term trade.

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