ShepWave Intra Day Update for Thursday Published. Also Special Commodities Update Published. More excitement to come this week. 23% Profits taken today.
by ShepWave.com
Posted: 7/13/2011 17:00 EST

Important Update. Today's close could be critical. SEE TARGETS!

So far this has been a highly profitable week for traders. The move today was kind of a 'no brainer' (and a little luck in the actual timing).

Volatility could remain, however there will be some buying opportunities.

Oh my, I just heard someone on CNBC say "Stocks are mixed." That is why I ususally keep the volume off. I don't know what stock charting he is using, buy mine are showing the U.S. Equity Indexes in the RED.

Stay objective, disciplined and unemotional. The markets have been very tradable. Profits should remain for objective traders.

Watch Triggers, Signals, Targets and the preferred and alternate Elliott Wave Theory Wave counts. Use stops that fit your own risk tolerance and trading style.

Log In at http://www.shepwave.com/ for today's Intra Day ShepWave Update.

ShepWave takes some profits off the table this afternoon.

Markets behaving very predictably. ShepWave exited this morning's Options Position for a 23% profit. Keeping Swing Trades open. Hoping to maximize profits in those positions over the next few weeks.

Swing (mid term) trader who took Monday's signal should be doing very well. Use stops to lock in profits. But targets SHOULD get hit.

Log In at www.shepwave.com for today's Intra Day ShepWave Update for Update and Trade Details.

Some very predictable action today, huh? They are making it too easy. lol The markets have been very precitable (and volatile, which is nice for traders) for a few months now. I know many of you are doing well. I hope, wish and pray, that ALL of you are doing well.

Today we entered some new options plays. Note that the timing was pretty right on. Sometimes there may be a little luck involved, so I cannot take all the credit. But, regardless, let's just make money.

Watch the notes just entered in today's Update These pertain to the confirmation signals we are looking for. As stated many times, this is a very critical week.

Log In at www.shepwave.com for Today's Intra Day ShepWave Update.

New Position entered this morning. Depending on the action overthe next two we actually may add to this position.

Read details to this trade. Also pay close attention to the trigger, target and stop areas in today's update.

Market action is very critical this week.

Log In at www.shepwave.com for today's Intra Day ShepWave Update and new position details

Intra Day Updates being updated continuously today.

Volatility should still be present in the markets.

Note the Preferred Elliot Wave Theory wave count. Note stop/loss areas. Also note the strateguy for mid term or swing traders.

The week could still have some excitement left in it. Read the notes closely.

Again, this is a technically very critical week.

Log In at www.shepwave.com for today's Intra Day ShepWave Update.

ShepWave Special Update of Crude Oil, GOLD, GLD and SLV, and Dow Transportations Index.

As mentioned last weekend we were expecting an exciting week. This week is very technically a very critical week. The signals have been working out perfectly. The call that was made in Gold and SLV last week has been highly profitable. How high will these commodities go?

Remember that we are watching Crude Oil and the Dow Transportations index to give confirmation to the trend of the Major U.S. Equity Indices. This is very important.

Read notes closely. Note the trigger areas we are watching especially in the Dow Transportations index.

Log In at www.shepwave.com for Thursday's Special Commodities and Dow Transportations Index Update.

A subscriber emailed me and said that there is a chain letter being circulated around CNBC to figure out why the markets reversed. I find that humorous. Stick to the charts folks. As most of you know I don't watch CNBC with the sound up. It is difficult enough to be an objective disciplined, unemotional trader without having all the arguing and speculation going on in one's head.

Triggers are working out nicely. The initial targets which were posted for Mid Term (Swing) traders earlier this week should work out. Note the preferred Elliott Wave Theory wave count. Also note the alternate wave count (see QQQ 60 minute chart).

As mentioned in the Four Part Update published this past weekend, we were expecting an interesting week. The excitement is probably not over.

Read notes closely. Stay objective.

Log In at www.shepwave.com for Thursday's Pre-Market / Intra Day ShepWave Update.

Note that ShepWave Subscription Specials will be ending soon. $60 for Three Month and $99 for Six Month subscription. Celebrating our Eight Year Anniversary.

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