Elliott Wave Stock Market Update - February 28

The market corrected today as expected but it's too early to tell if this will be another mild pullback before another push higher. I can't imagine Trump saying anything tonight that would be used as an excuse to rally but then again this market already knows where it is going, so it will stop only when it wants to stop.

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 - February 27

As expected, the market made another all-time high today and reached the 2370 target I mentioned couple of weeks ago. I see enough waves to call the wave structure finished but the euphoria might extend the rally a bit more before a substantial pullback. Considering the market initially plunged when the news Trump had won on Nov 8th, this rally seems to be out of touch with reality and sets up a nice environment for the end of the bull market as we know it. Whether it takes weeks or another year to top, it's impossible to tell. But what we can do is start preparing for the coming sell off to take advantage of possible bargains when despair sets in.

I bought back my short position at 2365 so I hope we will see a bigger correction soon.

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 - February 24

The market made a slightly lower low in the morning but managed to erase all losses and end the day just 1 point below the all-time high. A new ATH next week seems very likely before a bigger correction takes place. The economy is fairly strong at the moment and sentiment is very positive, so prices could keep going up for a few months. However, this is technically the last leg of the bull market so maybe by next year or so this will all be different.

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 - February 23

Prices continued to correct today in the same range as yesterday and I expect another push towards new highs before a bigger pullback. Hopefully I'll get to buy back my short position tomorrow at a new all-time high. The market is very overbought at this point and could use a good correction before continuing its multi-month 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 - February 22

Prices went into consolidation mode today in what seems like a micro-w4, so we should see a higher high as soon as tomorrow to complete the wave count. I was going to buy back my short position but after seeing the pattern, I figure I'd wait until tomorrow. Maybe 2370 will be hit after all?

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 - February 21

The market continue to rally as expected and the 2370 target I mentioned on Friday looks feasible tomorrow. I was planning to buy back my shorts after hours but I was on the phone and forgot. So I hope we will see a higher high materialize tomorrow so I can get back in. The market is very overbought and a correction to the TA would be good to reset short-term oscillators. I think the market is lining up well for a "Sell in May" this year.

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 - February 17

The market closed at another all-time high today and it is well positioned to rally early next week to a higher high. Going by wave symmetry, a rally towards 2370 looks ideal. I am glad I closed my shorts yesterday and I will buy back the position hopefully sometime next week.

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 - February 16

The market finally took a break today by pulling back and consolidating some of its gains. However, given the corrective look of today's wave, I see the possibility of even higher highs before a bigger consolidation can take place. I ended up covering my shorts at 2343 and will re-short at a higher high or go long on a test of 2322, whichever comes first.

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 - February 15

The market has decided to go parabolic despite being extremely overbought. We all know that there will be a top but at this point it feels like rolling the dice as the micro-count is as stretched as it can be. I am holding my short position but will consider trading the position if the madness continues tomorrow. I knew there was going to be a break-out but it almost feels as if QE has jut announced. Maybe a few more weeks or months of madness and then we will finally see the bear market so many of us have been waiting for.

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 - February 14

The bullish madness has continued with yet another all-time high. The target for the cup and handle pattern first identified last week has been reached without much of a retrace. Also, the micro-count is as stretched as it can be, so I expect a stronger correction as soon as tomorrow. I hate shorting bullish trends but I had to do it today at 2134, so hopefully we will see a test of the Trend Average coming up soon.

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 - February 13

The market has made another all-time high and I had to change labels yet again to accommodate the madness. I don't think I can stretch the micro-count anymore, so I might have to be forced to short the market tomorrow if this keeps going up. We might see another "Sell in May" this year at this rate, so I will probably just get long on the pullback and not trade as much until we see a real top.

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 - February 10

The break-out has continued today to new ATH. I was hoping for a correction but it looks like the 5th wave on the micro-count has extended, so maybe the coming correction will probably not go below the 2301 level. I sold too early unfortunately but it's better to be conservative (but still profitable) and get a good night's sleep than to worry about what the market will do on Monday :)

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 - February 9

The market broke out today as I was expecting and seems to have completed one 5 wave micro-count to top at 2311. If the rally is going to continue, I assume there will be a correction to test the opening gap/TA and then resume to higher highs. I sold today at 2308 and will buy back on the correction with a stop at 2285.

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 - February 8

The market made a lower low at the opening but was able to reverse losses and end the day positive. I continue to assume there will be a break-out and it could come as soon as tomorrow as long as prices do not trade below the Trend Average. The market seems to be getting used to Trump "events", so maybe prices will finally go to the next phase of the 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 - February 7

The market made a marginally higher high today to complete the a 5 wave micro-count but it fell short by 1 point from making a new all-time high. The DJIA and NASDAQ made new ATH and it might just be a matter of time before the SP500 joins them. But considering there is a finished count in place, I assume there will be a pullback before another attempt to break out from the current range. I sold my longs for a minor profit and looking to buy back on the correction.

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 - February 6

The market went into a mild correction in what could turn out to be a W4. However, the overall pattern could also be a cup and handle, which points to much higher prices. Whatever the case, the bias is to the upside and new all time-highs could come as soon as tomorrow or Wednesday. I ended up buying back my long position, so hopefully the bullish bias continues until I sell :)

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 - February 3

The market was able to rally today with an early gap up that kept the market elevated throughout the day. Technically speaking, the top island pattern remains in place until a new high is made. But given the impulse seen today, the market is well positioned to continue to rally next week to new highs. I have been in cash for most of the week but I might have to jump back in the rally resumes. I also bought oil and gold on my other trading account as I think they will be going up for the next few weeks.

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 - February 2

The market didn't do much today and remains in the same position as yesterday. A sell-off could come as soon as tomorrow unless the recent high is taken out. Maybe Trump will say something crazy later tonight/early morning that will move the market.

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 - February 1

The market staged a nice bounce early morning that was sold into the rest of the day. The TA continues to have a bullish bias but the chart pattern is troubling as we could see a hard sell off if support fails to hold. So unless we see a convincingly rally in the next few sessions, my assumption is we are going to see a sell-off to test the 50 DMA at 2251. All it will take is a crazy late night/early morning tweet from the POTUS.

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