ShepWave Pre-Market / Intra Day Update for Friday Published.
by ShepWave.com
Posted: 3/16/2017 19:35 EST

 The US Equity markets are at a very important juncture.  Will the rally continue?  Many analysts have been calling market tops for the past several years, only to be wrong time after time. But also, there are many analysts who continue to always be blithely bullish. If one reads/watches most financial news sources he could find an equal number of bullish and bearish articles with no clear distinction. Which ones does one believe?

Now is not the time to be taking these markets for granted. ShepWave is seeing some critical technicals at this time that do warrant some serious attention. We have entered into some new aggressive positions this week and are looking to double these positions in the next few trading sessions, depending upon seeing confirmation signals.

That is the key: always be looking for confirmation signals. Most analysts would not know what a confirmation signal is or what one looks like. Not trying to be pejorative here; just stating the truth as we see it after decades of being in the industry.

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