Elliott Wave Stock Market Update - November 30

The market made another ATH as I was expecting and this new high could put an end to the wave structure that started at 2557 two weeks ago. Technically, there is room for one more leg to another high but I predict prices will come down to test the Trend Average sooner than later. What happens at the TA will set up up trading for the next few weeks. Trump gives himself credit for the non-stop rally this year, we'll see what he says when the market starts falling (as in the coming bear market).

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 - November 29

The market consolidated some of its gains today in what should be a W4 and short term oscillators reset, I expect another leg to a new all-time high. There is a good possibility of this 5 wave count being a W1 of an intermediate 5 count. If that is the case, prices could shoot as high as 2800 in the next few weeks.

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 - November 28

The market shot up today to a substantially higher high, confirming the more bullish structure I had suspected. And again, given this wave count, we can expect higher highs before a completion of the wave for pullback to at least the Trend Average. The excuse might be the tax bill, which has now made it to the Senate floor or whatever Trump does to answer North Korea missile test.

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 - November 27

The market made another all-time high today and looks like the structure still has room to go before a bigger pullback. Considering we should get news on the tax cuts this week, this could serve as the excuse to finish up the 5 count. Whatever the case, I hope there are enough vote in the Senate to pass the bill. Without a doubt, this tax cut is for the wealthy and for business people. It will be interesting how they will spin it and sell it to the public as a cut for the "middle class".

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 - November 22

Prices corrected mostly sideways today and we could see the count change to a more bullish set up if we see an impulsive wave in the next few sessions. Also, looking at oscillators, I see a room for another multi-month bullish leg if we see bullish momentum increase in the next week or so. This market looks like it's going to close out the year at ATH.

Happy Thanksgiving!

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 - November 21

The market completed the 5 wave count to reach  new ATH and now the TA has turned bullish once again. The "correction" is technically over with 2557 as the level that will support this new uptrend. So, I am assuming the coming pullback will retrace some of the gains and then rally again past 2600 to reach new highs.

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 - November 20

The market didn't do much today but we should find out if there is a 5th wave left or the bounce was a bull trap in the next session or two. The TA continues to be bearish biased but I am leaning towards the bullish side since stocks normally rally towards the end of every year.

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


Short Term Trend = Bearish 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 - November 17

Prices retreated today under the TA but still leaves open the possibility of a W4 for today.  So, if we are seeing the beginning of another rally for the next few weeks, then we should see a 5 count complete early next week with a higher high. However, if prices go below 2572 then we should see lower lows in the weeks ahead. The uncertainty over tax reform could be the excuse of a continued correction. Personally, I hope they lower the tax rate for pass through entities to 20% and give the 25% to C corporations. The real engine of this economy is small business but then again we all know the person in charge doesn't care about that. Whatever the case, if it passes, I come out well ahead in the next 4 years and for that I have to thank Trump for doing a good job of convincing poor and middle class to vote for him. Come to think about it, for a man that has never worked for someone else and was born with a silver spoon, it is amazing that poor and middle class people feel like he is "one of them".

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 = Bearish 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 - November 16

The market seems to have found a bottom after weakening for several sessions. The rounding top pattern is invalidated with today's possible W3 and the close is is above the TA, so we'll see if the "correction" is over in the next session or two when the TA gets back to bullish.

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


Short Term Trend = Bearish 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 - November 14

The market has continued to sell off but was able to bounce off 2566 support, which has now held 3 times. If prices break this level, then bearish momentum will accelerate. Looking at the pattern, one could argue for a rounding top with a target of 2535 and they key for bears is for prices to keep closing below the Trend Average.

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


Short Term Trend = Bearish
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 - November 13

The market closed higher today but not enough to stop the TA from turning bearish. So, for the first time in a quite a while, the short term trend is bearish. With that, I am going to prices will continue to head down or correct sideways until it is ready to rally again towards the end of the year to a new high and perhaps the final leg of the rally. I think people have forgotten by now that markets can go down sometimesw.

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 - November 10

The market closed flat today but now it finds itself under the TA and this is the first negative week since early September. I guess technically one could call it a correction but we need to see stronger selling and lower lows to see a longer lasting decent decline. Support at 2566 seems critical to the current uptrend, so until that breaks, the path of least resistance is up.

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 - November 8

Prices dived in the morning but managed to recoup losses by the end of the session. The close is still above the Trend Average, so it's too early to tell of the trend will pause at this point. Considering the time of the year we are in and the current state of the economy, there is more room to the upside for the time being.

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 - November 8

Prices closed the day challenging ATH and the trend continues to support a push towards the 2600 level. The market seems unstoppable for now and given the current season, we might see even more euphoria in the next few weeks with or without a consolidating correction. It's been exactly 1 year since the current rally started and the last time the market saw a 5% correction. I doubt anyone reading this blog has been constantly short during this time but this has been a painful year for bears. As I've said for years, trend is your friend.

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 - November 6

Prices made another new ATH today and could see the 2600 level in the next few days. The market has been in a state of constant euphoria ever since Trump won, despite the fact markets initially plunged when the news Trump had won. This strong wave is likely to be an intermediate W3 and we should see a W4 and then one more leg to finish off the bull market. When is that coming is obviously the million dollar question but given the amount of waves in already, I am getting prepared by saving (and not investing) as much cash as possible. What is already invested already, I'll will let it ride but it's time to pullback on risk on new positions.

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 - November 3

Prices made a marginally higher all-time high near the close and the Trend Average continues to support higher highs. However, waves don't have an impulsive look to them and a change of trend could occur as soon as next week. The economic picture looks great at the moment but like everything else, it is cyclical and a recession is very probable in the next year or two.

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 - November 2

We finally found out the details of the tax cuts and like me, the market was not all that excited about it. I was doing the math on it and for pass-though businesses (like the one I own), and we would see a minimal percentage cut. So, not sure if the plan is meant to energize businesses to hire and spend more or for Trump to cut his own taxes. After all, smaller businesses is what dominates the economy on the aggregate, not large corporations. So while a tax cut us is good, a few thousand dollars makes no difference. In fact, I much rather pay those extra few thousand and have a normal President and not one that keeps people up at night. So much for all that talk about taxes, full of BS as usual.

Anyway, the market reactively somewhat negatively but remains positioned to make another ATH. Now that prices are close to 2600, the bull market is nearing the end. Whether it has a few waves left or not, I think the time where all trend turn bearish (which we have not seen in a long time) could come in the next few weeks or few months. For me, it's time to raise and keep cash.

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 - November 1

The market made a new all-time as expected and could rally towards the 2600 level if the "Cut, Cut, Cut Act" is well received (who else in the world would come up with this ridiculous name!? take a wild guess). The details are supposed to be out tomorrow so we'll see what's actually in it. I am really hoping the tax cut for pass-through entities is as good as rumored. If the bill is well received, this should give enough fuel for the market reach new highs tomorrow or Friday.

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