Elliott Wave Stock Market Update - January 31

Prices made a lower today before closing the session marginally higher. I wasn't expecting to see a downward impulse at this point but this is what the chart shows and the coming bounce is very important as it could be the turning point to the entire rally for the past year. If prices are able to bounce and make a new ATH, then the bearish set up will be invalidated. But anything short of an ATH sets the market up for a sell-off. The Trend Average has turned bearish and a sell off would confirm the top at 2872. We have seen this several times in the last year but the market is severely overbought and can easily go into a strong correction.

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 - January 30

The market continued its correction today and the W4 low I mentioned yesterday was taken out, so we could see further downside after a bounce towards 2850. Prices would have to make an all-time high to invalidate the current bearish set up but I am not all that confident of a major sell off just yet, despite the historically overbought conditions. I might buy back the shorts I stopped out of few weeks ago if the 2850 level is reached.

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 29

The market had one of the biggest declines of the year (believe it or not) in today's session. But as long as prices stay above the W4 low of 2824, the rally will continue towards new ATH. in fact, if prices fail to pullback substantially in the next few weeks, we could see this rally extend until April or May.

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 26

As expected, prices broke out of it's W4 pattern and closed the week at a new ATH. And as crazy as it sounds, there is enough bullish momentum to keep going for weeks if not months. So, enjoy the ride if you can but when it's over, selling will be swift. The current rally is global in nature so I will also get out of my China positions if I am right about this super-bullish period so I can buy them cheaper later. I haven't sold a single share in the China portfolio in almost 7-8 years but if I can get another 10-20% in a global run, it will be time to start going defensive .

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 25

Prices continued to consolidate today in what might end up being a triangle pattern, which is typical of a W4. If that is the case, we should see a break out of the triangle in the next session or two towards a new ATH.

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 24

The market finally took a break for the rally but we might not see much of a correction before another push towards higher highs. I don't see any excuses for a serious correction other than another government shutdown possibility in a 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 - January 23

The market made another ATH today and looks like it wants to pause to consolidate gains. Whether it will actually pullback or trade sideways given the current bullish momentum remains to be seen. Looking at the multi-week chart, this rally looks like part of a "blow off top". Which would allow for prices to go to 3000 in a matter of few weeks. The last time I saw this type of manic buying was in China in 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 22

Prices broke out of the ascending triangle and the government shutdown resolution was used as the excuse to rally as I suspected. The only thing stopping this rally is the end of the count, the market is euphoric and seems to be pricing expected economic growth and increase in profits. Question is, how much longer can this go on as we haven't had a bear market in 9 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 - January 19

Prices closed the week at new all-time highs and looking at the pattern on the chart, it looks like there will be a breakout out of an ascending triangle next week. So labels will most likely have to change to accommodate this relentless rally. Not even the possibility of a government shutdown has been able to stop the bullish momentum and I suspect a resolution to the issue will only serve as an excuse to go much higher. I am completely missing out this rally but it's ok. Last night, my long portfolio got   within 1.2% of reaching my long term goal and it looks like it might overshoot as the rally in China seems to be just getting started. In 2012, I thought 2017 was going to be the year my portfolio would reach current levels. I was off but not by much and it goes to show that patience and focus does pay off in the end.

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 18

The market took a break from the rally today but it looks like it might consolidate sideways before another leg to higher highs. If the government is shut down then we will have a better excuse to see a real correction but even then, there is so much momentum in the market that bulls might not even blink. I am leaving the labels as is until proven wrong.

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 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

Elliott Wave Stock Market Update - January 4

Prices have reached another high and looks like it is not done yet. The market has had only 1 down month in the last 16 months, which hasn't happened in decades. It's safe to say the market is beyond overbought at this point.  But as long as the TA is green, the market will keep going 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 3

Another day, another all-time high! And looks like more are coming before any signs of a reversal.

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 2

The market did a complete 180 to open the year with a new time high. This market just won't go down! And given this new high, further upside is now likely since all bearish patterns were invalidated.

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