Elliott Wave Stock Market Update - December 11

The market has continued to rally and a challenge to ATH could take place in the next session or two. Seasonality favors new highs until January, but again, the market hasn't been this overbought in years. In fact, by some measures, it is currently more overbought than at the peak of the 2007 bull market.

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 - December 9

Prices were able to gap up in the morning and close the day near its high. A challenge to ATH is likely if the gap is not close early next week. Perhaps news of the Senate and the House agreeing on the final tax bill will be the excuse to keep the market going for the next few weeks.

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 - December 7

Prices bounced somewhat today but there seems to be lack of bullish momentum. If the trend is going to turn bearish, we should see strong selling in the next session or two. But if prices are able to keep trading above the TA, bulls still have a good chance of rallying towards ATH early next week.

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 - December 6

Prices have continued to struggle in today's session and now the Trend Average has caught up with the market. Still, the bias remains bullish and we will see highs tested if the uptrend remains in place. Alternatively, we might see limited downside or sideways trading to set up a base for a Christmas/January rally. This year has turned out to be one of the most bullish years since 2009, how much longer can this last is the million dollar question.

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 - December 5

Prices continued to drop today but levels remain comfortably above the Trend Average, so while the pattern looks bearish, the uptrend remains intact. If prices find a bottom and start rallying strongly in the next week or two, we should see a wave structure that won't top until the end of the year or early 2018. Right now, the only excuse I see the market could use for a sell-off is some Trump related event. Maybe, Trump will be forced to show his tax returns by Muller! for someone who can't stop talking and tweeting, isn't it amazing he has gotten away with not showing his financials at all?

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 - December 4

Prices managed to make a new ATH early in the morning but gains were erased by the end of the day. The reason was the initial euphoria over tax cuts but unless bulls are able to find a bottom before breaching 2605, we could see a much bigger pullback. The next substantial correction should bring down the market to at least its 50 DMA and we should get an idea in the next few sessions.

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 - December 1

The market did top yesterday as I had been suspecting but we still have to see if this structure is just part of an intermediate bullish wave or a significant top. The drop today bounced right off the Trend Average and if higher lows are made going forward, we can expect the rally to continue for the rest of December. I am assuming if the Senate passes the tax bill tonight (looks likely), there will be enough of an excuse to send stocks much higher. At the same time, this whole business with Flynn pleading guilty and possibly implicating Trump in the future could serve as the perfect excuse to really sell off.  I hope they pass the tax cuts tonight, it is a much needed cut for businesses.

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