Elliott Wave Theory stock market technical analysis. Major U.S. Indexes.
Specializing in QQQQ and the DIA analysis and trading. QQQQ and DIA Options trading.

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Technical analysis covering the
Dow Industrials, S&P 500 and Nasdaq 100 Indexes

Shepwave identifies buy and sell signals for indexes and ETFs. See the Shepwave Trading Log below to view our very profitable year.



$169 One Year ShepWave Subscription Special.
14th Anniversary Special.

ShepWave $169 One Year Subscription special for our valued customers will end soon. Thanks to all of our regular customers of 14 years. This special offer is being extended to any new subscribers as well, for a short time only. [To current up-to-date subscribers, the one year will automatically be added to your expiration date.]

14 Year Anniversary

ShepWave.com uses Elliott Wave Theory as our primary trading discipline.

We also use proprietary technical tools to confirm Elliott Wave Theory Analysis.

Trading Analysis with Trade Entry Signals, Strategies, and Targets.

  • Regular Scheduled Updates Published by Market open on Monday and Thursday.
  • Pre- Market and Intra Day Updates for QQQ, DOW,S&P 500 (SPY).
  • TEACH objective disciplined methods of trading for any time frame.
  • Market Trend Trading.
  • Trading Options.
  • MarketTiming
  • Trading Stock Options.
  • Analysis on such commodities as Crude Oil (WTI), Gold, and Silver.
  • Dow Industrials, S&P 500, Nasdaq Indexes, QQQ, DIA and Selected Stocks Analysis
  • Email Notification of reports and trades if desired

    Shepwave.com specializes in trading QQQ,DIA as well as QQQ options and DIA options. We give QQQ analysis and DIA analysis in our Trade Diary Updates. The QQQ and DIA are ETFs for the Nasdaq 100 and Dow Industrials indexes. We give analysis for the Nasdaq 100 index as well as the QQQ. We trade the QQQ. ShepWave gives analysis for the Dow Industrials index. We trade the DIA ETF for the index. ShepWave gives trading analysis for the S&P 500 index. We do not trade the index but give analysis for those that do. ShepWave.com also trades Options for the QQQ and DIA ETFs. We show exact option entry, side we are on and strike price as well as expiration month of the option contracts we purchase.

    In our updates you will find the Market trends we are trading. ShepWave gives targets for positions and areas to be used as stop/loss. QQQ Trends, DIA Trends, Stock Trends, Why pay $thousands for a trend trading course. ShepWave provides guidance to the short, mid and longer term trends of the stock market.

    In our updates you will see an explanation of market action and probable future direction. We do updates usually several times a week. Our main newsletters come out by Monday morning and Thursday morning every week. Check the site frequently if you are not on mailing list. We usually do at least one Trade Diary update a week. We will show the technical reasons behind every trade, entry and exit.

    Also, we show the trades we make in our Trade diary. Options trades can be found here as well. We show trade entry set up, stop/loss areas, and target areas.

    ShepWave.com is an educational site. We have created this site to help give guidance to the major U.S. indices. The markets seem unpredictable to many people; we try to give clarity to what seems to be random movements in the markets. Why pay $thousands for a trend trading course. We are a live trend trading course with the current market action. Many of our traders trade individual stocks that 'track' the major indexes. Many of these stocks have a higher beta than the index therefore making a larger percentage move.

    [Video] How to Easily Identify High-Confidence Trade Setups

    By Elliott Wave International

    Elliott Wave International's technical analysis expert, Jeffrey Kennedy, shows you the first step in identifying a high-confidence trade setup in this 4-minute video clip. It's taken from a live lesson he taught on April 9, 2014. If you would like to learn more, sign up for Jeffrey's free 45-minute webinar, "4 Critical Elements of High-Confidence Trading," on this Tuesday, May 6, at 3:30 p.m. Eastern time.

    "4 Critical Elements of High-Confidence Trading"
    Free webinar with Elliott Wave International's technical analysis expert, Jeffrey Kennedy

    During this free 45-minute presentation, you will learn how to find high-confidence trading and investing setups, using Elliott wave analysis and simple technical tools and indicators. You will see many charts of popular markets, so that you can become more comfortable applying these tools to your favorite market.

    Tips for Trading Options with Elliott Waves
    EWI Senior Tutorial Instructor talks about the benefits of applying Elliott waves to options trading

    By Elliott Wave International

    In this new interview, Wayne Gorman, the head of our Educational Resources Department, offers tips and strategies for options traders.

    [Editor's note: The text version of this interview is below.]

    Alexandra Lienhard: Welcome to ElliottWaveTV. I'm Alexandra Lienhard, and today I'm joined by Senior Tutorial Instructor, Wayne Gorman, who is also the head of Elliott Wave International's Educational Resources Department. Wayne, thanks for being here today

    Wayne Gorman: Thank you, Alex. It's great to be here.

    Alexandra: Now, you have more than 30 years of experience as a Wall Street risk manager. You've also taught hundreds of people all over the world how to use the Wave Principle, both in online courses and in live events. And one of the areas that you have expertise in is using options in conjunction with Elliott wave analysis. I wanted to ask you about some specific market situations where you find it more beneficial to use options, as opposed to, say, futures contracts?

    Wayne: Well, there's a couple different types of situations. The first, certainly, is in corrections, where you have a lot of up and down movement and it's not very directional. Sometimes it's beneficial to use options because of the volatility. You can take advantage of that.

    Futures, outright long and short, is best in third waves and fifth waves, where the direction is clear. It would almost be a waste of money to use options when the direction is more certain and clear. There are times where you're using Elliott wave where you know the trend, but in the very short term, the market could go either way, and sometimes having options gives you that flexibility to be positioned for that.

    A classic case was recently with the election, we were in a situation where we were in a second wave down in the stock market, and it could've gone a little further down -- or it could've stopped and rallied. That's a good situation for options. One of my favorite strategies is called the "short iron butterfly." You buy a put and a call, so you're ready to go up or down, and then you hedge that by selling a put and a call out of the money. After the election, that strategy -- which normally only makes money on one side -- would've made money on both sides, because the market went down and then it came right back up. There are other strategies like that where you're just not sure, or you're at a critical juncture. So it just depends on the situation.

    Alexandra: What markets work best for these options strategies?

    Wayne: Many markets work well. Option strategies aren't restricted to any particular market, as long as there's a lot of liquidity in the market, good volume; volume is important. So, I wouldn't say any one in particular, but certainly highly volatile markets are good if you're long volatility with options. I wouldn't restrict it; as long as you have a deep market it's fine.

    Alexandra: Now, on the flip side, are there options strategies that you recommend people stay away from?

    Wayne: Yes, I'm glad you asked that. In my courses, I stress that I do not like to take certain option positions where you're net short options -- because if you're just short a call or short a put, then your return, what you can make, is limited. You can only earn the premium that you're received for selling the call or the put; your risk is unlimited. I always recommend that if people are going to short options that they have something else on the other side. For example, let's say, you're long a stock. You think the stock may go sideways and you want to earn some money. You could sell a call against that. And you don't have unlimited risk because you're covered, you own the stock. If the market goes way up, what you lose on your call you'll make back on your stock; it's called a covered call. Those strategies are fine. But what we call a naked short is, I think, too risky. Most people lose a lot of money on that.

    Alexandra: Last question for you, if you could sum it all up, what is the one greatest benefit you find using options in conjunction with your Elliott wave analysis?

    Wayne: I would say at certain junctures where the market, accordingly to your Elliott wave analysis, presents two valid wave counts. In the long-term, both counts point in the same direction, but in the very short term, they point in opposite directions. So it's very hard to position in futures; you can't be long and short at the same time. It's those kinds of situations when I recommend using options. Especially also if you've missed a lot of the move, maybe you're well into a third wave or a fifth wave, and your stop would be so far away, but you still want to participate -- that's sometimes a good moment to use options, because you can limit your risk and you don't have to have a big stop-loss facing that type of risk.

    Alexandra: Great, thanks Wayne for taking a couple of minutes to talk today. I appreciate it.

    How to Use the Elliott Wave Principle to Improve Your Options Trading Strategies
    -- Range Bound Strategies -- the Covered Call and Covered Put

    If you're an options trader, this free 12-page eBook by Wayne Gorman will help you use Elliott wave analysis to improve your options trading success. You will learn how the Covered Call and Covered Put can be incorporated with Elliott wave analysis to enhance your success in sideways markets.

    Download your free eBook now

    This article was syndicated by Elliott Wave International and was originally published under the headline Tips for Trading Options with Elliott Waves. EWI is the world's largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.

    Silver Sentiment Looks Golden
    Chart of the Day

    By Elliott Wave International

    Bullish sentiment among silver traders recently fell to 8 percent, the lowest reading since mid-2015. So, sentiment is in the right place for the next big leg in the price pattern.

    FREE 12-Minute Video from Bob Prechter: Learn What REALLY Moves the Markets

    In just 12 minutes, EWI's founder, Bob Prechter, shows you eye-opening evidence proving that factors like interest rates, war or peace, oil prices, etc. do not impact stock prices.

    Watch your free video, now

    This article was syndicated by Elliott Wave International and was originally published under the headline Silver Sentiment Looks Golden. EWI is the world's largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.

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