Elliott Wave Stock Market Update - February 26

The market closed flat today and it looks like it still has some more room to go before going into a real correction. Seems like bears need some sort of news to wake them 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 = Bearish trend being challenged

* 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 25

The market was able to trade above 2800 for the first time in months but we should see a correction soon as the waves look completed. My assumption is that the correction will drive prices down to test  2748 at the very least but it could go to 2600's. As long as the low made in January holds then we should see the rally continue towards a higher high and even a new ATH! I will be going long on the correction unless there is a panic feel to it.

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 = Bearish trend being challenged

* 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 20

The market has continued to make higher highs and it is a few points away from the 2800 level. At this rate, we will probably see a golden cross sometime in March so the plan remains to go long at the coming correction which should test the 50 DMA. It is almost 10 years since the 666 low in 2009. Ten years later and the market is up 300%, who could have guessed that when the risk of a second "Great Depression" seemed so real back then.

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 = Bearish trend being challenged

* 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 closed the week at a higher high and is now just a few points from 2800. Looking at the waves, we could see a pullback in the next few sessions that would present a buying opportunity using 2681 as the stop so maybe I will be buying all SP500 next week and go with the flow. Not to say that a bear market won't be coming, is just not coming yet.

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 = Bearish trend being challenged

* 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

Prices closed slightly higher today and could go as high as 2800 before finding significant resistance. If a pullback occurs at that level it will be setting up a potential inverse Head and Shoulders with the ATH as the target. Too early to tell but a pullback to test the 2600 level will provide a good risk/return entry. Aside from some silver, gold and oil I have most of my cash sidelined so I will buy if this pattern materializes.

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 = Bearish trend being challenged

* 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 12

The market has erased all recent losses and seems to be headed towards a recovery of the bearish long-term trend. Higher highs and and respecting the 2681 low would confirm a possible bullish Wave 3 coming up. I thought we would be seeing clear signs of a bear market by now but the trend is telling us otherwise so no reason to fight it.

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 = Bearish trend being challenged

* 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

Prices have been testing the 2742 resistance level I have been mentioning but it has yet to surpass it. We might see a rally attempt tomorrow and if 2742 fails to hold the advance then there is a good chance for a reversal of the long term bearish trend. I thought a bearish market was a done deal after the price action in December but I might be 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 = Bearish trend being challenged

Long Term Trend = Bearish

* 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 4

Prices have continued to climb and now look ready to challenge the 200 DMA at 2742 in the next day or two. The counter-rally was expected after the sudden and strong sell off in December but the strength of the move in the past few weeks does challenge the general bearish pattern in place. It remains to be seen if prices are able to recapture the 200 DMA, if they do, then this market is not ready to give up just yet.

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 = Bearish

* 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 has continued to make higher highs and close the week up +1.57% for the 5th positive week in a row.  There is also a bullish cross on the daily MACD which normally favors substantially higher highs under "all bullish" conditions. However, prices remain under 2742 and as long as prices remain below this level the rally remains a counter-rally with the possibility of another sell-off.

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

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

Long Term Trend = Bearish

* 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