ShepWave Important Updates for Monday Published
by ShepWave.com
Posted: 12/13/2013 22:28 EST
The markets continue to be predictable and profitable. Based on emails received at ShepWave many of you are catching these aggressive short term trades and locking in profits. That is good. Nothing makes us happier.
The key is to be objective in trading and investing. The Regular Scheduled Update for Monday shows the daily charts and the critical analysis we are now seeing that affects the mid to longer term trend. Investors and longer term traders will want to pay close attention to this update.
The Pre-Market Update for Monday shows the 15 and 60 minute charts for the key indexes (ETFs). Short term and swing traders will want to pay close attention to this analysis. These short term charts and analysis continue to give much profitable insight. This should continue.
Volatility will likely pick up this next week. This is a very important time to pay close attention to all signals being given by the markets.
Log In at www.shepwave.com for Monday's Important ShepWave Updates
9:39 PM ET Sunday Evening. Additional Pre-Market Notes Published
This next week could be very important. The markets remain profitable. The fluctations of the past two weeks alone have traders looking pretty good for the month of December. Whew...Christmas is covered. Buy your spouse that extra nice gift. (lol)
Look for some volatility this week. Watch trigger and targets closely.
Log In at www.shepwave.com for the additional pre-market notes in Monday's Pre-Market / Intra Day ShepWave Update
10:56 AM ET Monday Morning. Intra Day Update Published
As noted in the 15 minute charts for today, the target areas have been hit. Again, the stress needs to be on 'how' these targets were seen as something that was anticipated. Note the wedge pattern on Friday, that is a key indicator. There were others as seen in the ShepWave Updates.
Note that the short term bounce target given for the SPY was 179.75; the SPY hit 179.81 this morning.
The short term bounce target given for the Dow Industrials index was 15,925; the Dow hit 15,930 this morning.
The short term bounce target given for the QQQ ETF (NDX) was 85.77; the QQQ hit 85.81.
You can't make this up.
The key is to read the analysis for today that is tweaked due to the manner in which these targets were hit. So read today's update to see what we expect the indexes to do for the next day or so (at the least).
Log In at www.shepwave.com for today's Intra Day ShepWave Update.
The ShepWave One Year Subscription Special is now $159/year. This special rate will be raised incrementally until the regular rates are reached. This type of special is designed as a thank you for the regular ShepWave Subscribers over the past 10+ years, but it is currently being offered to all.
| 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. |
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