Elliott Wave Stock Market Update - December 30

The market finally took a break in what seems like a possible W4 of a 5 wave count still in play. We could continue to see more downside tomorrow for this correction but ideally, we would see a last bullish wave materialize and close the year at an all-time high. Which I don't ever remember seeing.

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 - December 27

The market has continued to rally and make new highs as expected and I get the feeling next week will be about the same. Maybe a session or two for consolidation but new all-time highs are likely to continue until January. The market is getting ready to close the decade strong!! The odd thing about this whole decade is that we never saw a real bear market, much less anything that resembled a "crash" many had anticipated at the end of 2009. Remember those days?? lol.

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 - December 24

Merry Christmas! 

Elliott Wave Stock Market Update - December 23

The market has made another new ATH as expected and it looks like the rally will continue for the remainder of the year. We should be getting a stronger pullback soon to consolidate gains but given the season of the year I won't be surprised for continuous upside for the rest of the year. Amazing the decade is coming to a close! It's been a good 10 years despite the initial gloom of the decade after the Great Recession. Who could have guessed this outcome back in those 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 - December 18

The market has gone into a side correction in what looks like a W4 for the count posted. If correct, we should see the rally resumed fairly soon to new all-time highs. Maybe Trump getting impeached will the excuse for a big rally! Funny how the GOP has been claiming the impeachment of Trump is not fair when they impeached Bill Clinton for having an extra-marital affair. Let's see what is more serious. Monika Lewinsky or inviting (by way of extortion) a foreign government into the American political process.. lol
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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 - December 16

The market has continued its breakout and it seems headed towards the 3200+ territory very soon. Given the season and the "phase 1 deal" of the trade deal with China, the market has the perfect excuse to get to 3300 in the next few weeks. Technically, China has agreed to buy the same amount of stuff they were previously buying before the tariffs so it is not exactly a substantial announcement. But it sounds like good news!

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 - December 11

The market has gone into a correction this week but it has been mostly sideways and creating an Inverse Head and Shoulder's pattern which could break out if the 3126 level holds any further correction. A break out of this pattern could send prices to the 3300 range. 


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 - December 9

I am back from the UK and had productive trip out there. Always good to get away once in a while :) Anyway, the market went into a correction as expected and whether or not an Inverse Head and Shoulders pattern forms is the big question. A right shoulder with the bottom at today's low or at 3103 would almost guarantee new all-time highs in the next week or two. For the bearish side is to get any traction we would have to see prices selloff and breach the low at 3070 which at this time seems like a tall order. This, despite the impeachment and all the Crazy stuff Trump comes up with. If it came from a regular politician, it'd be insulting. But since it's Trump, it's to be expected and just funny. But more power to him for keeping his base enthusiactic. He literally could shoot someone on 5th Ave in NY and get away with it.


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 - December 4

I am on a short trip to London so I have been on limited in time. The market has turned bearish after prices fell below the Trend Average and the ATH at 3154 seems to be a top for the time being. However, after a multi-week rally, this pullback is reasonable and as long as the longer term trends remain bullish, prices are likely to continue rallying after the selling is done.

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