"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)


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 



Wednesday, April 16, 2014

SPX - After a break, still down.

SPX appears in a congestion phase that could be qualified like wave [b]/[x] of wave a/w .
The downward move of minute degree doesnt' seems yet completed.

ElwaveSurfer




















Monday, April 14, 2014

SPX - In sideways correction

After the failure of the bullish breakout, a recount is needed.
SPX could be in the middle stage of a sideways correction like three / flat / triangle of minor degree  (preferred scenario wave x ) or intermediate degree (first Alternate Alt:(4) ).
The downward wave c/y is still in progress ; next target 1738 - 1728.
Long term scenarios in the last post.



ElwaveSurfer
 
 
 
 

Saturday, April 12, 2014

Elliott Wave Analysis of Stock Market Indexes

 

Elliott Wave Analysis of  DJIA, SPX, NDX,
DAX, FTSE, SMI, FTSEMIB, IBEX, NIKKEI, SENSEX

For previous outlook and long term view on weekly charts,
see post of February 08, 2014

In the last three months I have focused my attention mainly on the Italian stock market which has outperformed the other World stock indices.
For several weeks I kept an exposure from 50% to 80% of my total assets, but a week ago, thinking it was reached a top of wave [3] (yesterday denied) I sold 40% of my portfolio to cash a part of gains, and another 20% yesterday.
 
Global equity markets seem to be taking a break and, excluded one, (and perhaps the DAX) the others are not able to rise if SPX and NDX continue their correction.
 



















The only one who has the strength to rise with
a new bull market is Bombay




However, there are many US leading stocks with high CanSlim and Zacks ratings that are forming a wave 4.

Next week I will post an analysis of some of them.

Have a great weekend !

ElwaveSurfer

Monday, March 10, 2014

SPX - Still bullish in the short term

The trend seems still bullish in the short term

SPX could be in wave (b) of 2 of [3] of 3 or Alt:5 of  c or Alt:5




ElwaveSurfer

Friday, March 7, 2014

SPX - Temporary pullback.

Wave 1 of [3] of 3 (or Alt:5 ) seems to be completed.

I'm waiting for a micro-pullback.

ElwaveSurfer



Wednesday, March 5, 2014

SPX - Bullish scenario

Strong rebound and more than what I had expected.
The alternate scenario prevails and becomes the preferred one:
we could be in wave 1 of [3] of 3 minute.

ElwaveSurfer


Tuesday, March 4, 2014

SPX - Bounce

Preferred scenario: bounce in wave (b) of y of [2]

First alternate scenario: we are already in Alt:[3].

ElwaveSurfer