ShepWave
ShepWave Two Important Updates for Monday Published. More Profitable Volatilty Coming!
by ShepWave.com
Posted: 11/9/2013 05:11 EST
Despite last week's volatility, the Dow Industrials index closed up less than 1%; the SPX closed up .51% and the NDX lost .38 %. Viewing that data it would appear that there was not a lot of money to be made. However with the volatility it was easy to pocket a 5% move in the indexes. Using aggressive derivatives or ultra ETFs, many of you made about 20% or more last week in profits. There is nothing we like to hear more than subscribers making money. Just think, the average investor trading index tracking stocks has made about 20% for the year. The key is to keep making money.
Be ready for another volatile week coming ahead. Try not to be too focused on calling an actual top. The key is to keep making money. Many traders get so focused on calling a top, or stating that the rally will keep going on etc..., that they fail to see the day to day trading opportunities. The volatility we saw last week produced some very good profits. We traded on both the Long and the Short side of the markets. Personally if the markets would do this forever, that would be great. Again, focus on the analysis, not trying to 'read in' too much into the data. And turn down the volume on CNBC. That will only confuse the objective trader.
There will be some additional pre-market notes published Sunday evening covering any trading strategy changes due to overseas and futures activity.
10:19 PM ET Additional Pre-Market Notes Published
See trade at open for Monday.
Last week's volatility was very profitable for traders following the aggressive trading signals at ShepWave. This next week should be equally as volatile and profitable. Note that there have been some changes in the triggers and ideal targets, so read the notes in Monday's Pre-Market Update closely.
The additional Pre-Market notes for Monday morning have been published
Log In at www.shepwave.com for the additional pre-market notes in Monday's Pre-Market / Intra Day ShepWave Update
9:36 AM Intra Day Update Published. TRADE ENTERED
Buckle up, this week may be just as volatile as last week. Last week was very profitable for those who took the aggressive trades, especially the trades at the open. This week we could see some similar action.The key is to watch the signals. The trade for today (aggressive) for today has been made. Read notes closely.
Log In at www.shepwave.com for today's Intra Day ShepWave Update and trade details.
11:30 AM Intra Day Updat Published
Is it a coincidence that the only two short term targets issued in the pre-market update for the short term were in the 15 min SPY and 60 min QQQ charts, and that both of these targets were hit dead on? 'Can't make this up.' Read notes closely. And keep the suggested stop/loss in mind for today's trade.
2:50 Afternoon Update Published
See trigger and expected action for this afternoon. Log In at www.shepwave.com for today's Intra Day ShepWave Update
$119 One Year Subscription rate will end soon. Rate changing Monday evening. The rate will be increased in increments every day or so until the subscription rates get back to the normal subscription price.
1568
|
Reference: Shepwave.com is a technical analysis site for the Major U.S. stock indexes. We use Elliott Wave theory along with our proprietary indicators to give analysis for the Dow Industrials, Nadaq 100 and S&P 500 indexes. We specialize in trading the QQQ and DIA.
|
