All ShepWave positions are up.. The options positions entered Tuesday are up 18% and 13.3% in one day of trading

 

From watching CNBC one might think that we at ShepWave are clairvoyant.  According to Bill Pisani (I think that is his name).  The action should have sold off but investor's outlook of the risk in the markets has changed... Or something like that... is what he said.  Also one kept hearing 8 days of selling.  If you recall last week I stated in an update an email and a BLOG that Wednesday was a key day.  Did ShepWave know that investor's outlook was going to change today at 3:30 and the markets were going to finish the day with a rally?

 

 We have a much more reliable system to base our investing and trading than trying to figure out what everyone is thinking.. (sorry, too much work for me) ..WE use  Elliott Wave Theory,  Technical analysis. plus the thousands of hours we have spent learning and trading the markets.  We may miss something from time to time.. that is why we teach discipline and specific strategies.  It is a lot easier than doing the "mental gymnastics" that one hears on CNBC and other financial programs on a daily basis. 

 

 

 

 

Update Published.. Fibonacci in markets.  Next Wednesday KEY DAY

Good day today.  We exited positions with some good profits. 

I show potential patterns and trading methods in tonight's update.

What is the Fibonacci importance of next Wednesday?  See what the weekly and daily charts are telling us.

  Is this a BUYING OPPORTUNITY?  Or just relieving short term oversold condition?

I show charts for the major indexes and key indicators...The daily chart of the Nasdaq 100 index shows what we are basing our trading from and our target.   We try to take profits on occasion and 'LOCK them away'.

ShepWave.com is looking to Enter new positions ASAP Tomorrow.

End of BLOG

The point I `am trying to make here is.....Anyone can look back at trading action and place reasons and causes to explain the action.  Hind Sight is 20/20.  The real 'trick' is to see where the most likely direction for the future is.   Keep in mind the markets never go straight up or straight down.  ShepWave is currently positioned to profit.. we are already in the black with current positions.  We examine the markets every day to guide our positions.  We are always thinking several days, weeks, and even months ahead.  We show analysis to give guidance to everyone from Day Traders to Long Term investors. 

Sorry for the rant.. but, when I see the  Personalities on CNBC so 'smugly' acting like they know WHY the markets did what they did... I have to wonder how they can sleep at night.   I wonder if they are not actually 'hurting' investors/traders who watch their programs and try to learn something and gain guidance.

Remember when the markets were topping in May.. CNBC had a special ticker to show how many points the Dow was away from an all time high.  ShepWave was showing that a potential market TOP was upon us and that a down turn was imminent.

No Update for tonight.. Refer to today's charts and recent updates for analysis.   We will be looking to exit from our Short Term Options Trades which were entered Tuesday by Friday.  ..

CNBC.. Says.. 3 day rally???

Click here  to read recent updates and view ShepWave's Positions.

 

Elliott Wave International has published another segment of their Independent Investors Crash Course today.  If you haven't signed up for CLUB EWI.. which is FREE click the image below to sign up.  This is a very valuable source of information.