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
'
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

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

Elliott Wave Stock Market Update - October 28

Prices have reached a new ATH 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 corrections.

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 - October 25

The market finally challenged ATH today at 3027 as expected and could make new highs next week if recent lows continue to hold. The negotiation of "phase 1" in the China trade deal sounds like it is coming to a conclusion and strong earnings from some companies could keep pushing the market higher. At the same time, the impeachment could lead to a sell off down the line as it is likely the genius will be impeached at the House. I am looking forward to the day of normal politics with normal politicians!

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 - October 23

Prices have made a higher high at 3014 but so far there wasn't been a stronger break out I had been expecting. The trend remains bullish so we could see a rally towards ATH in the next session or two if recent lows hold.

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 - October 21

The market closed above the 3000 level for the first time in a month and is well positioned to challenge all-time highs. Any favorable news coming from the China trade negotiations will do it but I still don't see any substantial concessions. I don't think the markets actually cares of the substance of this agreement,  as long as there is not "disagreement" it will be good enough.

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 - October 18

The market has struggled in the past couple of sessions to make a higher high and instead retreated to test the rising Trend Average. The pattern continues to be bullish but prices can not continue to pull back and go below 2962 or else the uptrend will be over.

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