Note Posted around 1:30 P.M. EST.
ShepWave has exited our DIA Options for March Expiration. Profit of over 30%
Our current QQQQ Options play has an expiration of April. Position is up over 30%. we are letting it run a bit.
This option might prove to be a nice hedge in the event we do some 'Flipping' next week.
What's Going on with GOLD?. Read the ShepWave update from March 1, 2007 to see what ShepWave is looking for in Gold to possibly confirm future of equity indexes.
Click on the Shep's Trading Log to see this afternoons (Friday) trading notes. We have had a good week. Yesterday's entry is up around $1.00. Been a good week.. Locking in over $3.00 in profits in short to mid term trades in the QQQQ.
The stop/loss has been adjusted to lock in more profits. I also show the guidelines I am using to possible take an early exit of this trade. (meaning not waiting for a double break of recent down trend line to exit and flip to the long side). Will the next 'POP" in the indexes be a BUYING OPPORTUNITY? I give some notes on this subject in today's Shep's Trading Log entry. I will publish a few updates by Monday Morning to give trading guidelines and short term targets.
This Note Posted at 11:00 A.M. EST Friday.
The QQQQ Position entered yesterday afternoon is doing well. Up over $.50 this morning. I have adjusted the stop/loss to LOCK IN PROFITS.
Read the notes posted in Shep's Trading Log for possible long side trading guidelines.
I will publish a detailed report (or reports) this weekend showing possible 'Flip' strategies to get us LONG. We are seeing 'some' positive divergence.... so tighten stops as indicated to lock in profits.
Our afternoon entry (Thursday) closed in the BLACK with a profit of $.34. Not bad after closing our recent positions with over $2.00 profits Thursday Morning.
Read the update from Pre - Market Thursday Morning and the Notes in the Shep's Trading Log (Very critical) for guidance in current positions. The next update if needed will probably be after noon Friday.
Have a great day.. enjoy the profits but stay objective.
