Elliott Wave Stock Market Update - February 27

The market pushed towards a higher high today in the morning before giving up gains the rest of the session. There is a bullish set-up in place and I will probably go long early in the morning using the stop I mentioned yesterday. Potential inflation and interest hikes are serving as excuses for the market to pullback.

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 trend being challenged

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 - February 26

Prices broke out of the consolidation pattern as expected and I think they are headed towards a challenge to ATH. The move today was strong and I might go long on a pullback using 2697 as the stop. I also went long on oil today since I think it is headed towards the this year's high at $66. Looks like things might get out of control again until the next top.

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 - February 23

Prices were able to get past the 50 DMA today in a solid bullish close for the day. This pattern continues to look like sideways consolidation and we could see a break-out early next if 2697 holds any further corrections. Also, a break-out of the pattern would favor a challenge to all-time highs. Whether or not prices are able to reach new highs and invalidate the bearish pattern in place is another question, but for now, it looks like there is more upside coming.

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 trend being challenged

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 - February 22

The market has been able to hold support and consolidate gains so far. If the index is able to avoid further downside, we could see the rally continue as soon as tomorrow. I am surprised the TA hasn't been tested and instead the TA is catching up to the market, which is normally a bullish sign. The only sign for concern continues to be trade below the 50 DMA, which has to be recaptured in order to strengthen the bullish case.

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 trend being challenged

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 - February 21

Prices fell towards the end of the session to close in negative territory. This close under the 50 DMA is not good for the bullish case and looking at the wave structure, I can see a zig zag in place from the low at 2532. If the sell-off continues, we will see substantial selling in the next few sessions. However, if prices are able to hold above that 2532 low, the market still has a chance for the resumption of the rally.

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 trend being challenged

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 - February 20

Prices went into a minor correction today and if the count posted is correct, we should see another wave to one more high before a significant pullback. If the TA is tested during this pullback, then the count will need to be revised.

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 trend being challenged

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 - February 16

Prices made a higher high today before giving up some of the gains by the close of the session. The market had one of the fastest weekly gains in 5 years, bringing back hope to the bullish crowd. Also, the close was above the 50 DMA, which technically positions the market to rally back to all-time highs in the next few weeks as long as this trend is not lost. So despite the scare from last week and all the inflation talk, this could end up being a one wave correction. With that said, the market remains in a bearish pattern for a long as ATH remains in place. Trade this coming week will be important in deciphering if there is momentum left to the rally that started in November 2016.

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 trend being challenged

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