Elliott Wave Stock Market Update - March 15

Not much to add today. Still waiting for one more bullish wave to materialize and finish up the count.

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 trend being challenged

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 - March 14

The market has continued to retrace and a few more points of downside and the count posted will be invalidated at 2732. Still, the bias remains bullish and I expect higher highs ahead as long as the 5 count remains in place.

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 trend being challenged

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 - March 10

Prices made a higher high today before going into what seems like a W4. I assume prices will go above 2800 before the count completes and then continue higher until a challenge to all-time highs. It's hard to predict when the rally will be over but this is lining up well for a sell in May event. Perhaps, we will see a fast sell-off again at that time but without the bounce.

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 trend being challenged

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 - March 9

Prices broke out of range as expected and ended the session challenging the 2789 mentioned yesterday. If resistance at 2789 is broken, we should see prices rally towards all-time highs at 2872 in the next week or two. The window of opportunity for the bears was earlier in the week when Gary Cohn resigned and given how well the market has held up, looks like the market could rally all the way until April or May before any substantial selling.

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 trend being challenged

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 - March 8

The market closed higher today but remains in the resistance zone. If the bias correct, we could see a breakout as soon as tomorrow or Monday. The next bullish target would be the 2789 high made couple of weeks ago if the market is able to start maintain closes above the 50 DMA at 2739.

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 trend being challenged

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 - March 7

The market attempted to sell off earlier today but it looks like the bulls are showing some unexpected resiliency. I am actually surprised the support level at 2700 held so well and the close was bullish enough to turn the Trend Average positive again (but barely). So while the sentiment seems to be bearish, the bulls are not going without a fight. The coming tariff announcement will be the next excuse for a substantial move.

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 trend being challenged

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 - March 6

Yesterday I mentioned the market needed an excuse to sell-off and I just received a text from CNBC reporting Gary Cohn (Chief economic adviser to the WH) has resigned. So despite the slightly positive close today, we should see a substantial selling tomorrow. Gary Cohn's resignation gives the appearance of complete chaos in the White House given the numerous resignations and scandals in the last year, which is not good for stocks or the economy. Jeb Bush said it during the debates and he has been right all along, Trump is the chaos president and we have 3 more years of it too. That is of course, Trump gets impeached or overthrown.

Anyway, going back to the market. I expect the 200 DMA to be tested again but the key level will be the 2532 low I have been mentioning.

Short Term Trend = Bearish
Medium Term Trend = Bullish trend being challenged

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