ShepWave Important Intra Day Update.
by ShepWave.com
Posted: 7/18/2011 12:40 EST

IMPORTANT New Trigger Areas Shown.

Today's signals have been cofirming. But we have a new critical confirmation trigger we are looking to be hit. This signal could be hit this afternoon. Read closely the new notes just added to today's update.

As mentioned this past weekend, the technicals we saw going into this week are more critical than the technicals we saw last week. Will the markets resume a rally at some time? Watch triggers, signals and targets for market clarity.

The markets have been an easy trade for quite a while now. Ideally ALL ShepWave Subscribers are locking in profits along the way. Please remember to use stops that fit your own risk tolerance and trading style.

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

Traders I am back in the office and will be updating as needed all afternoon.

Note today's action is as expected. Note the signals which were hit. (Also refer to Update #2 published this past weekend.). The exact key initial target which was issued last Monday on the SPY has been hit today. Swing traders who took that trade, use stops to lock in profits and follow analysis. We are looking for further confirmation on that signal in the other indexes.

The QQQ are close to giving the continuation signal as noted in Update #2 this past weekend.

Note that the Dow Transportations and Crude Oil are also confirming analysis and giving the expected moves. Note the critical trigger trend line we are watching in the Dow Transportations index as given in both of this past weekend's Updates.

Use stops to lock in profits.

We will be also keeping our eyes open for a potential LONG SIDE trade. There may be an opportunity this week, just follow analysis.

Note that the call in GLD and SLV given two weeks ago is playing out nicely. Again, use stops to lock in profits.

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

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