ShepWave
ShepWave... busy week coming up in the markets. GOOG Option Monday Entry. ReEnter QQQQ Options Position after taking profits.. this week.
by ShepWave.com
Posted: 7/16/2006 22:38 EST
The two updates for tomorrow have the information needed to trade tomorrow. Use the targets shown for the indexes as potential areas to take profits or lighten positions. As mentioned, ShepWave is looking to enter an Options Trade in GOOG (Google) asap tomorrow. A gap opening may alter our plan... We will be entering Options trades in the QQQQ very soon. Maybe as soon as this week. Our core positions are still positioned to increase in profits.. As the week progresses we will update. Probably doing updates everyday.
The Israeli situation could be a factor this week. I just saw on the news that we have 25,000 Americans in Lebanon. We must remember to pray for everyone over there in the midst of this conflict. Not only for the Americans but everyone that is our friend or enemy. If any of you have friends or family involved in the fighting anywhere in the Middle East Our Prayers go out to you and your loved ones.
Remember there is a way to trade/invest in any world situation. The charts will guide us. Bob Nisani (???) will have that look on his face at some point this week.. that we know.. you know the one.. like the 'Amish have in Circuit City'*..(lol.. kidding)it is not his fault.. he is only a '.pawn' of the station..... But.. we can pray for him and the viewers watching.
ShepWave is extending our bonus time offer.
Sign up for 3 mos ($60) receive an extra one week.
Sign up for 6 mos ($100) receive an extra two weeks.
This Offer will expire at Mid Night on Wednesday, July 19. (eastern U.S. Time)
Time purchased wil be automatically be added to subscription. I will manually enter the Bonus Time.
We had a great response to the bonus offer we had on Monday.
Thank you.
Go to www.shepwave.com for updates and analysis.
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Click here to see trades from past few weeks.
Have the indexes sold off enough..Will we get a bounce this week? Google has a potential 100 point move coming. ShepWave will be looking to enter a GOOG (Google) options trade first thing Monday. See today's update for Side, Expiration Month, Strike price and the price we will be looking for to enter this trade. Potential 500% profit... this could be a good one. We recently had a 100% profit trade in Google. This one potentially has an even better set up.
Where is support for the indexes?
See Monday's Updates for Targets and trading strategies.
I have published Part 2 of the regular scheduled update for Monday. The S&P 500 index is showing some critical technical patterns. We have not seen this in years. I show in today's update the significance of the longer term chart patterns and how they may affect the marekets this next week. Subscribers who have been with ShepWave for a while know that we look to the S&P 500 index to confirm our trades for the other indexes or individual stocks.
Special report covering trades submitted by ShepWave subscribers.. TNT, GOOG, BZH, and SNDK. I plan on putting in a message board eventually for our subscribers only. ShepWave is proud to say that our subscribers are very knowledgeable and successful traders
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*actually stole this line from a comedian I heard this weekend. I immediately thought of the guy form CNBC.. Rob Nisani or what ever his name is as soon as I heard the line. Sorry... couldn't help myself.
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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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