ShepWave Pre-Market / Intra Day Update for Friday Published
by ShepWave.com
Posted: 1/2/2014 21:41 EST

Well that was a good day of trading, huh? While we may not be completely out of 'vacation' mode for the markets, we are seeing some clear triggers to work with. For those of you who took the aggressive TRADE AT OPEN for Thursday, good job.

2014 should continue to provide many hundred plus point moves that are predictable in the Dow Industrials index. So equate this to the other indexes, especially the Nasdaq and the Russell 2000 where the volatilty is usually higher; that works out for some nice profits on a continual basis. Just like in 2013, it does not matter to a (good) trader if the markets go up or down. In fact some easy trade range bound action as we saw for six months in 2013 is the most ideal time to lock in profits; and it is possible to lock in a lot more than just 25-30% in profits in one year.

Read the analysis in this update very closely. Also note the move in Crude Oil on Thursday. 'You can't make this stuff up.'

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9:52 AM ET  Important Intra Day Update Published

Note that if you took the aggressive signals that were issued this morning I am recommending extreme caution. The preferred view and short term bias of ShepWave is given in this update. Read notes and analysis in this update very carefully.

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1:38 PM ET Afternoon Update Published

Once again the action today has been predictable and profitable. So far 2014 is good. Not different from 2013, which was probably our best year ever.

Remeber to not get greedy if you are a short term trader. Sometimes it is just wise to lock in some profits. Perhaps if you have been SHORT (or bearish) from yesterday's pre-market as suggested by ShepWave (especially the NDX bearish ETFs), you may want to take 1/2 of the short term positions off the talble. There is nothing wrong with talking a little profits from time to time as a trader. I have noticed that most traders lose by getting too greedy. Remember there will always be opportunities to trade and make money. At least use stops that lock in profits. Also remember those reversal Trigger Signals.

This weekend the long term analysis and Updates will be refreshed.

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