Elliott Wave Stock Market Update - October 31

Prices closed barely positive today despite the new ATH in the Nasdaq. And with the announcement of the proposed tax reform bill coming soon, bulls could use the excuse to push the index much higher. Perhaps even break 2600 for the first time ever.

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 - October 30

The market went into a correction today, which is not all that unexpected given how overbought the market was at the end of last week. And I presume once gains are consolidated, the rally will continue towards higher highs. The unveiling of the details for tax reform on Wednesday should give stocks a reason to resume the rally. As a business owner, I hope tax cuts for pass-through entities will be as good as I have been reading. That would save me a lot of money in the next few years.

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 - October 27

Just when I thought he market was ready for a fall, the bulls pull one out of its hat and made another new ATH. This price action again invalidates the potential bearish count I was looking for and instead offers the possibility of a continued rally or a "megaphone top" pattern. For now, the most reliable indicator has been the short-term trend so we are back to expecting higher highs as long as the trend is bullish. Good thing I am not short this thing!

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 - October 26

The market continued to bounce today but the price pattern remains the same. Also, this is the second close under the TA and we could see the TA finally turn bearish as soon as tomorrow. The bias leans to the downside but needs to be confirmed with a break of yesterday's low.

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 - October 25

A miracle! prices have closed below the Trend Average for the first time in a month. Also, today's low invalidates the bullish set up that had been in place and we could see a change in the short-term trend as soon as this week. Bulls would have to make a new ATH to invalidate the potential bearish count in place, which might be difficult given how steep the initial fall was today.

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 - October 24

The market finally "took a break" today but still managed to close the day slightly positive. The assumption if prices will continue higher as long as the TA supports it or until we see a possible topping pattern in place. So far the market looks unstoppable but things can change at any moment. The dissenting Republican senators are a cause for worry for tax reform as the slight majority the GOP enjoys is being negated by Trump's constant bickery with them. If this fails to pass, it will be all his fault for making everything so personal and behaving like a 3 year old. I knew he was going to be bad given his ego but this has reached ridiculous levels.

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 - October 23

The market made another ATH earlier today before selling off the rest of the session. Still, prices did not even test the rising TA, so unless there is a big sell-off in the next session or two, the trend supports more upside in the near future. With all the talk about tax reform, the fuel is there for more upside. However, as I have been saying, the top for this bull market is coming sooner than later and is time to be prepared. Personally, I hope Trump gets the tax reform passed (that is the only thing I like about his Presidency) so I can save more of my hard earned money.

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 - October 20

The market bounce today was stronger than anticipated and prices closed at a new ATH yet again. The topping pattern remains a possibility but only if prices come down early next week to test the low made yesterday. If prices only manage a Fib retrace, then this will set the market for a continued rally 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 - October 19

Volatility finally showed up today, after being on vacation for few weeks. The initial sell-off could be an "A" or a "W1", so we'll have to see where the bounce stops and the subsequent drop. If prices fail to go above the high made yesterday, then we will see another strong sell-off to test today's low and possibly much lower if the market is on a 5 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

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 - October 18

The market made its 7th consecutive ATH in today's break-out attempt. However, unless we see more upside tomorrow in a strong bullish wave, there is a high chance for a market drop. How much the market will pullback remains the main question.

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 - October 17

The market made another new high today, the sixth consecutive marginally higher ATH in as many days. What is interesting is that all the higher highs have come in a 4 point range. The rising wedge is still in play and only a convincing break out would invalidate this topping pattern. If the market does intend to breakout, it should be tomorrow.

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 - October 16

The market made another ATH, this time just 1 point shy of the 2560 target mentioned last month. The price pattern continues to point to a rising wedge, so perhaps we will see another marginally higher high and then a stronger 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 - October 13

The market made another new ATH today, the third consecutive marginally higher high. But now a rising wedge has formed, which points to a correction coming if the lower trend line is broken. Looking the waves, the count that started at 2417 in August would look best if we had a proper intermediate W4 correction and then another push to another high. So, the coming pullback will either be a shallow one (W4) or a substantial sell-off from a significant top. I am raising my stop on gold to above break-even and I am sure it will continue to rise if I am right on the correction.

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 - October 12

The market managed to make another marginal higher ATH today and if a bigger impulse is to come, 2541 can not be breached on a pullback in the next few days. If support is not breached, then we should see buying accelerate and push the index towards the 2560-2570 level. Given the high at 2555 and the original target I mentioned exactly a month ago being 2560, the market could be done with the entire structure since there are enough waves in place. My gold has done well and should continue much higher if we see a bigger correction in equities in the next few days.

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 - October 11

The market made a new ATH by 1 cent and the advance could continue tomorrow to higher highs. The current wave structure that started at 2488 is nearing its completion with the current 5th wave and a stronger pullback should come once the count is finished.

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 - October 10

The market seems to have finished its sideways correction and we could see a push towards new ATH as soon as tomorrow. The alternative is more consolidation but I think enough time has passed for another push tomorrow. I went long gold yesterday right after I finished updating, so I am looking forward to some volatility this or next week.

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 - October 9

The market seems to be correcting in a W4 and we should see a new push towards a new high if the zig zag pattern is finished. It's also worth noting that gold seems to have put in a bottom, which would coincide with a coming top for the current wave and a spike in volatility. I might go long gold and silver tomorrow.

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 - October 6

The market experienced its strongest "correction" in over a week by retreating less than 10 points before rallying back towards the top at the end of the session. The jobs report was on the disappointing side and that served as the excuse but this won't be stopping the market from going to higher highs next week. Perhaps, we might see some sideways trading to consolidate gains but a push towards the 2560 level seems reasonable. And only then, after the 5 waves are in, we will see a real correction. What will be the excuse then will be anyone's guess as major events have been ignored or the last 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 - October 5

Several weeks ago I posted:

" If the labels on the count are correct, the target for the 5 count is 2560 before another significant correction. "

It's been now almost one month and today prices came within a few points of reaching the target. The SP500 has posted 8 consecutive winning sessions, the longest streak in 4 years and I won't be surprised if the madness continues given the current environment.

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 - October 4

Prices reached another all-time at 2540 and we might finally see a slight pullback before another push towards higher highs. The price target for the wave is within reach and maybe we will see the wave completed by the end of this week or early next week. I didn't get a chance to go long so I completely missed out on this rally but I am tempted to go short once I see the a topping pattern. Also, I haven't talked about China in a while but I still have my positions there. If I am correct, a bull market is finally getting started there and could see prices double in the next year or two. If prices double, I will be taking an extra long vacation next year. It will be icing on the cake for my retirement.

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 - October 3

Another day, another all-time high. What really stands out for me today is that a new high was made despite the 30 min oscillator that I use going bearish. It is highly unusual for the market to go against this oscillator and it just highlights the strength of the current bullish momentum. But once the target is reached, we'll see the correction to the TA.

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 - October 2

Prices managed to close at another ATH despite the tragic events in Las Vegas last night. The market has set its mind in going higher and there is nothing stopping it until the count completes. The 2560 target mentioned a few weeks ago seems like a viable target at this point and we might even see it reached later this week or next.

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