Tuesday, June 27, 2017

Elliott Wave Stock Market Update - June 22






















Prices finally decided to make a bearish move that could evolve into a much bigger correction. The close was at support and we could see a bounce off these levels, but if support breaks tomorrow, then we could see selling accelerate for the rest of this week. I didn't get chance to short but I increased my gold position, which normally does well during correction so we'll see.

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com


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

Monday, June 26, 2017

Elliott Wave Stock Market Update - June 26






















The market started the day strong by coming within a few points of making a new all-time high, however, prices headed down the rest of the day to close at slightly negative but still over the Trend Average. The close above the TA is good for the bullish side but the lower high is not, so it's important for prices to stay above the TA or else the trend will change this week and maybe even start a real correction!

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com


Short Term Trend = Bullish trend being challenged
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, June 23, 2017

Elliott Wave Stock Market Update - June 23






















The market attempted to rally again today but was stopped at resistance from yesterday's high at 2341. Unless prices are able to get past resistance next week, we might see a change in trend to finally start the real correction. It would miracle if the market kept climbing in the summer months but I've seen crazier things. Hoping I will get a chance to short again next week.

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 trend being challenged
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, June 22, 2017

Elliott Wave Stock Market Update - June 22






















The market attempted tried to counter-rally today after couple of days of selling but ended the day flat. The close today is again below the TA but was not bearish enough to make a trend change. However, if prices struggle again tomorrow, then we should see the market start to rollover as the trend will go negative. I might try to short again if I see signs of weakness again.

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com


Short Term Trend = Bullish trend being challenged
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, June 21, 2017

Elliott Wave Stock Market Update - June 21






















The pullback continued today and went below the 2433.95 level I mentioned yesterday before bouncing somewhat to close the session just below the Trend Average. If there is more upside to this most recent bullish move, we should see it in the next few sessions. Otherwise. we might see prices make a bearish turn if the TA is not re-captured soon.

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com


Short Term Trend = Bullish trend being challenged
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, June 20, 2017

Elliott Wave Stock Market Update - June 20




















The market gave up most of yesterday's gain and ended the day right on the TA. There could still be one more leg up to another high if 2433.95 doesn't get breached. But if support breaks, then the correction will have bearish potential. I ended up exiting my shorts towards the end of the day

For further analysis on the NASDAQ, DJI, RUT, Gold, Silver and Oil please visit http://www.ewaveanalytics.com

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

Monday, June 19, 2017

Elliott Wave Stock Market Update - June 19






















The market gapped up today in a bullish W3 wave and this move invalidates the bearish pattern that had been in place. I know the economy is good now, my business has been doing great. However, everything is cyclical when it comes to the economy and the stock market. So, I continue to expect a bigger correction once the bulls come to their senses. I didn't get a chance to stop out of my short position today but I will exit tomorrow or on the 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
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