Friday, December 15, 2017

Elliott Wave Stock Market Update - December 15






















Prices reached another ATH after the slight correction in the past couple of days. Technically, there are now enough waves for a stronger correction to come but given the possible tax bill being passed soon, the IV label might end up being a W2. Which implies a very strong wave coming in the next few sessions. I checked what looks like the final bill and I get a decent (not great) tax cut, so I hope they get it done by Christmas.

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

Thursday, December 14, 2017

Elliott Wave Stock Market Update - December 14






















The market pullback today to test the Trend Average and unless the trend changes, this is just another mild correction before another rally to new all-time highs. At this rate, we might see 2800 in January but a bear market is on the horizon and I won't be surprised to see signs of it after the bullish season is over.

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

Wednesday, December 13, 2017

Elliott Wave Stock Market Update - December 13






















The market made a marginally higher new ATH today but gave up gains at the close to end the day in red. I think the Senate and the House have reached a deal and they should be sending it before Christmas to Trump to sign it. This is really about the only thing I have been looking forward to by the GOP, so I am glad they are delivering it. Good thing they are doing it now and not next year as the GOP might lose control of the Senate in 2018.

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

Tuesday, December 12, 2017

Elliott Wave Stock Market Update - December 12






















Prices made a new ATH today as expected and now we should see what will be the bearish response tomorrow or Thursday.  If prices go below 2624, today's high becomes an expanded flat pattern with substantial selling ahead. But if 2624 holds the coming pullback, then there will be new highs ahead. I lean towards more upside since the tax bill is on track and possibly enacted into law by the end of the year. That will be a reason for financial market to celebrate as there will be more money coming in for sure.

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

Monday, December 11, 2017

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

Friday, December 8, 2017

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

Thursday, December 7, 2017

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