Elliott Wave Stock Market Update - April 29

The market has made a new all-time high at 2949 as anticipated and if the current wave is part of a W3 then much higher prices are coming. The crucial support for this current uptrend is 2891, any pullback going below this level will invalidate the uptrend. We'll see if there is enough momentum to reach 3000 in the next few days.

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 - April 24

The market finally made up its mind and mounted a challenge to all-time highs as I had been expecting. Whether or not a new high is made remains a question but given the TA, the bias remains to the upside until the TA turns bearish. Also, earnings provide the perfect excuse for a rally so don't be surprised if we see 3000 in the not too distant future.

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 - April 22

The market end the day slightly positive after a non-eventful day. However, we should see more action soon as more earnings announcements start to come in. The TA remains bullish so my assumption remains the same with the market mounting a challenge to ATH or possibly new highs this or next week.

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 - April 19

The market reached a higher high this week but fell short of challenging ATH as I had been anticipating. Still, the TA continues to be bullish and the rally could resume next week for another attempt a new highs. In the ideal world, the market would rally for the next few weeks to make an ATH in May and then go into a strong correction in the summer. Sell in May and go away for a good vacation! I am already looking forward for several short ones in the next few months.

Have a great weekend!

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 - April 15

The market closed slightly down today in what looks like continued consolidation. Once a bullish cross occurs in the MACD oscillator on the chart we should see a rally towards higher highs. Lots of earnings announcements this week so there will be plenty of reasons to 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 - April 12

The market broke out of its consolidation pattern and ended the week above 2900 as I had been expecting. Next week, we could see the market continue the rally to challenge all-time highs. The beginning of the earnings seasons provides the perfect excuse to keep going higher.

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 - April 10

The market has been in a sideways correction since reaching a higher high at 2895 on Monday and we could see another rally attempt soon to get past the 2900 level and then challenge all-time highs. The current market expansion in the US is just 2 months shy of the longest expansion in history and it seems like the economy will keep on growing if trade issues are resolved and interest rates remain the same. It seems this is what the market is predicting.

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 - April 8

The market was technically in a "correction" for most of the day and managed to close slightly positive in the last hour. Looking at the chart, there is still room for another push higher before a stronger pullback and could even attempt a challenge to ATH 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 - April 5

The market has continued its rally as expected and is now well positioned to challenge all-time highs in the next week or two unless there is some sort of bearish miracle. Maybe the rally will continue until May and then we will get a summer correction? I am still waiting for a real bear market to come but I am long and looking for any topping patterns to lock in profits.

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 - April 2

The market ended the day flat in what looks like a W4 and if the count posted is correct then we will a higher high before any meaningful corrections. There is resistance at 2872 and if that level breaks then we could see a rally to challenge all-time this month.

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 - April 1

The correction is officially over and we now have a golden cross which creates a bias for a new all-time high in the near future. I went long this morning and placing stops accordingly but I don't think there will be much of a pullback this or next week. I had been hoping for lower prices but unfortunately it just didn't happen. Bulls are in charge and it's just time to go with the flow.

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