"All human activities have three distinctive features: pattern, time and ratio - all of which observe the Fibonacci Summation Series" (R.N. Elliott - "Nature's Law - the Secret of the Universe" - 1946)


Monday, July 20, 2015

Elliott Wave analysis of stock market indexes , GOLD and OIL

After several months in which I have been very busy  
(I changed jobs as CFO in a capital City and I cared serious health problems)  
I return to post on this blog 
(in the Italian one, http://chartpatternstrader.blogspot.it/  
I started three months ago).

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For the comparison, look at the previous post 

NDX



SPX



 DJIA



 GERMAN DAX



 TOKYO NIKKEI


 GOLD




CRUDE OIL



ElwaveSurfer


Monday, November 17, 2014

Elliott Wave analysis of stock market indexes and GOLD

SPX
Close to a correction in b minute of z minor;
the great upward correction has not yet ended. 



 NDX
In the top of wave 1 of 5 minor;
it will be a parabolic pattern or an ending diagonal?



 DJIA
 My optimal target has already been exceeded.
I am stunned...




 Some European stock indexes, no one really interesting;
even if they appear close to a Top, open short is still too dangerous...






 GOLD
With Silver is one of  the most interesting markets of the future;
after a completion of an downward five wave pattern, wave (a)
it is possible an upward correction like zig-zag (b)
then last drop in (c) wave that completes wave [Z] of II Cycle.
A great bull market is coming soon!




Best wishes for your trading!

ElwaveSurfer

Monday, August 11, 2014

SPX and NDX in correction phase

NDX has confirmed the preferred scenario, wave [a] of 2 of 5


while SPX appears in his alternate, wave a of [4] of c .



Given that the two scenarios are in divergence, one of the two is incorrect.

Long FB, UA, TSLA (ALXN in stop loss, - 3%)


ElwaveSurfer

Monday, July 28, 2014

SPX - Correction in uptrend

Preferred scenario: wave (ii) of 5 of [3] ;
first alternate: Alt:(i)/(a) of Alt:a/w of Alt:[4]

ElwaveSurfer


Thursday, July 24, 2014

SPX - Slightly bullish

At the end the preferred scenario (bullish) seems confirmed; the up-wave in progress appears the (i) of 5 of [3] .
However, there is a risk that wave 5 is an ending diagonal ...



STOCK PORTFOLIO: FB and ALXN (bought Tuesday @ 166)  rise well .

ElwaveSurfer


Tuesday, July 22, 2014

SPX - Still in sideways

Preferred count: it's hard to say if the market is still in triangular wave 4 or if  wave 4 in flat form is already ended.
The next alternate count is bearish (the top is wave 5 of [3] so we are in corrective wave [4] )



With ACT, ALXN, AMBA, FB, UA that I've showed yesterday, others interesting leaders stock are:


 
I look also NFLX.
 
 
US STOCK PORTFOLIO:
 
Yesterday long FB @ 68.60 (half position)
 
ElwaveSurfer




Monday, July 21, 2014

US stock indexes: short and medium term perspective

In the last post I described the preferred long-term scenario of DJIA;
below, the medium and short term scenarios for main US stock indexes ;
NDX and SPX appear still in bullish mode after a temporary correction.

DJIA

Already in topping; possible ending diagonal.



 NDX
 
in wave 2 minute of 5 minor of (c) intermediate
of [Y] Primary of X CYCLE




 

 SPX

wave 4 sub-minuette of [3] minuette of c minute of y minor
of (y) intermediate of [Y] primary of X CYCLE




Given that the market is still in uptrend,
I prefer to set only long positions , although with caution
(new purchases will be smaller than normal , no margin,
focus on leaders with sound bases of at least 3/4 weeks)
 

 US leading stocks 
with high IBD rating
and interesting chart patterns
(bullish setup)







Have a great trading day and week, with care!

ElwaveSurfer

Saturday, July 19, 2014

DJIA: close to the CYCLE TOP

With reference to the Long term count that this blog has always considered like the preferred scenario, we are close to the TOP (even if SPX and NDX still appear to have a small space to rise).

In the Monday's post the short term count of US indexes.

Have a nice weekend !

ElwaveSurfer