"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, November 17, 2014

Elliott Wave analysis of stock market indexes and GOLD

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

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

 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...

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!


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%)


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]


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 .


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.
Yesterday long FB @ 68.60 (half position)

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.


Already in topping; possible ending diagonal.

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



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!


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 !


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.


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.


Saturday, April 12, 2014

Elliott Wave Analysis of Stock Market Indexes


Elliott Wave Analysis of  DJIA, SPX, NDX,

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 !


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