Elliott Wave Stock Market Update - November 27

Prices closed again at a new all-time high and looks to continue the rally as long as the trend continues to be bullish. Apparently, there is nothing stopping this market after 10+ years of non-stop rallying!!

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 26

The market opened this week in a bullish note and today it managed to set another ATH. I was hoping to see a zig zag for deeper correction but this market is not in the mood to take breaks. So now that the TA is bullish again, prices could keep climbing several more weeks until the market exhausts itself.

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

The market ended the week slightly down, the first bearish close after 6 weeks of rallying. We could see further downside next week but probably just enough to consolidate gains and position the market for another multi-week rally in December. Perhaps, some declaration of a partial trade agreement with China will be the excuse for a rally. The market has managed to ignore the impeachment proceedings and it looks like whatever comes out of the trial will not be affecting the market much.

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 - November 20

The market has finally started a bigger correction after weeks of almost non-stop higher highs. This doesn't mean the market will be taking a multi-week correction just yet since a pullback to digest gains was to be expected. Prices could fall to the 3000 level and still be in a rallying position.

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 18

The market made another ATH today and the wave is looking stretched at this point. So I assume there will be a sideways consolidation or a pullback to digest recent gains starting in the next session or two. I have to say I am surprised by the market's resilience but then again the economy is good and I can see that in my own business's numbers. So until we new signs of a slowdown, the market will just continue to go up and up.

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 15

Sorry for my absence this week, I had a particularly busy week. I figured at this stage in my life I would have more free time but somehow I manage to keep myself busy with my endless projects. My most recent one is running half a marathon so I have to set time aside to train for that on top of all the other stuff I have going. Anyway, the market hasn't done much this week other than making a new ATH as expected. I still expect prices to keep rising with or without a correction. But going by the count, a correction to at least test the TA is due.

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 - November 8

The market has made another ATH and it just keeps extending the count posted. However, I have been right on prices going higher with or without a pullback as long as the TA is bullish. I assume there will be a correction in the next few weeks to consolidate recent gains and then set up the market for a rally in late December.

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 - November 4

I thought the 5th wave was finished on Friday but I was wrong. The market has made another ATH and looks like it will continue higher with or without a pullback as long as the TA is bullish. I assume there will be a correction in the next few weeks and then we could see a bullish December.


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

Prices have continued higher as expected and the rally could continue as long as the Trend Average remains bullish. Looking at just oscillators, prices could be in for a multi-week rally before any significant correction. However, in the short term, we could see a pullback to digest gains from what seems like a finished 5 wave count,

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