ShepWave Pre-Market / Intra Day Update for Friday Published
by ShepWave.com
Posted: 12/12/2013 23:42 EST

The futures are rocketing over House Budget Deal. (Yes, that is sarcasm. But it is a good impression of CNBC, huh?)

The action in the indexes has been very predictable recently. Yes, even the 200 point rally last Friday was clearly seen PRIOR to the event. This week we have seen some nice aggressive SELL SIGNALS. Those were profitable. But now what? Well you will have to read this update. There are some very important technicals occuring in the indexes that should not be ignored.

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9:58 Intra Day Update

Watch the (short term) targets closely today. The rally does not seem to be getting the boost that the futures would have suggested last night. Surprised? Of course not.

Maintain positions as shown in the charts. Note stop/loss areas and key trigger areas which should influence the mid term trend. SEE TARGETS.

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End of Day Update. 2:28 PM

We come to the close of another predictable and profitable week. Everyone has plenty of money now to do their Christmas shopping. There are some important closing notes published in today's update. Monitoring positions is key. Is it safe to leave long side positions open over the weekend? Is it safe to leave short side positions open over the weekend?

Ideally everyone not only profited from this week's action but was able to comprehend the trading methods used in spotting these trading opportunities. Keep in mind that ShepWave is not a 'black box' type of trading system. Yes, we make trade suggestions and even predictions on the general indexes. But everyone's trading style and risk tolerance is different. The idea is to learn the technical tools to adapt to your own trading style to ensure profitability.

Next week we are looking for more predictability and profitability. Monday's Updates will be published later this evening. Enjoy your weekend. Happy Holiday's

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