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Elliott Wave Theory stock market technical analysis. Major U.S. Indexes.
Specializing in QQQ and the DIA analysis and trading. QQQ and DIA Options trading.
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ShepWave Pre-Market / Intra Day Update for Friday. CRITICAL GAP/ISLAND PATTERNS. ALSO: SPECIAL ELLIOTT WAVE INTERNATIONAL ARTICLE (FREE ACCESS)
by ShepWave.com
Posted: 8/9/2018 22:31 EST

Friday could be a critical day of trading. 

From the OUTSIDE-UP we saw last week on Thursday, August 2nd, which led to some short term bullish activity as anticipated--to the ISLAND and GAP Patterns we have in the SPY/SPX for this week: this market is not for sloppy traders.

Remember the ShepWave criteria for Island and Gap Patterns and triggers. (Most critical initially is a gap down open of .5% or greater.  Then we will show other technicals to confirm trend as the action progresses.)

Now is not the time to be nave! Pay close attention to new tend lines and trigger areas using the more aggressive 15 minute and 60 minute time frame charts.  

STAY OBJECTIVE!

Log In at www.shepwave.com for Friday's Pre-Market / Intra Day ShepWave Update.


 


Elliott Wave International
The AAPL of the NASDAQ’s Eye: See What’s Next for Apple’s Stock  Yes, Apple is the first U.S. company to hit a $1 trillion valuation. Will Apple's valuation and earnings be enough to support the lofty price... or is there more to the story?Read More Why You Should Prepare for a $247 Trillion "Debt Bomb" Implosion  The amount of global debt has reached a precarious level. In the U.S. alone, federal debt has more than doubled in just the past 10 years. But there's much more to this dangerously unfolding debt drama.Read More
Bitcoin: Is the Recent Rally Just a Flash in the Pan?  On Tuesday (July 17), Bitcoin rallied sharply. ElliottWaveTV called Jim Martens, long-time editor of our Currency Pro Service, to get his take.Read More Stocks: When "Sentiment is Strikingly Suited” for a Major Stock Market Event  The Elliott wave model provides perspective on the market's general position and outlook. When sentiment measures are aligned with the Elliott wave analysis, an investor has the basis for a high-confidence forecast. See what EWI's subscribers saw around the time of the DJIA's peak.Read More
Trader Case Study: What Happens When You Use Corporate Earnings to Pick Trades  According to mainstream economic wisdom, earnings data is king to determining a financial market's price trend. But if that were true, then why did Regeneron Pharmaceuticals plunge 35% in late 2017 -- after one of its most positive earnings reports ever? The answer might surprise you.Read More For Stocks, the Line in the Sand Has been Drawn  You've probably heard of support and resistance levels. The price of this particular global index "has met a support shelf area for the third time since the February 9 low." Here's what it implies.Read More

Elliott Wave International, a company with nearly 40 years of market-forecasting experience, just released this new, free report that reveals many false indicators - a.k.a. 'head fakes' -- investors see every day. The report helps readers separate themselves from the herd and survive (and thrive) in volatile markets. Read the free report now.

 

 


Dreaming of a "Comfortable Retirement" on a Public Pension?
A 9-year bull market fails to close the pension gap

By Elliott Wave International

Did you realize that many U.S. pension funds are in trouble even though stocks have been rising since 2009?

Even so, many retirees expect a comfortable retirement.


Jump on once-in-a-lifetime opportunities and avoid dangerous pitfalls that no one else sees coming. We can help you prepare for opportunities and side step risks that will surprise most investors. You can get deeper insights in Elliott Wave International's new free report: 5 "Tells" that the Markets Are About to Reverse. The insights that you'll gain are especially applicable to the price patterns of key financial markets, including the stock market, now. Read the free report now.


Our March 2018 Elliott Wave Financial Forecast showed this chart and said:

WouldBeRetirees

Over the last 20 years, [a University of Michigan] poll asked the following question every month: "Compared to five years ago, do you think the chances that you will have a comfortable retirement have gone up, gone down or remained about the same?" Considering that the line between a better and worse retirement is a reading of 100, consumers have been mostly glum about their retirement prospects since the record optimistic extreme of 123 in November 2000.... After stocks had been rising for five years... the survey's results pushed to a high of 105 in February 2007.... The chart shows retirees' negative responses as stocks crashed in 2008 and early 2009....

In March of 2017, retirees finally capitulated once again to the uptrend in share prices by registering a response of 104.... Last month, the survey even pushed to a 17-year extreme of 109.

A big reason why the hopes of retirees may be sorely misplaced is that the shortfall in local and state pensions is a staggering $4 trillion, according to Moody's Investors Service.

On July 30, the Wall Street Journal put that figure into perspective:

The Pension Hole for U.S. Cities and States Is the Size of Germany's Economy

Many retirement funds could face insolvency...

As the article notes, a fund covering Chicago municipal employees had less than 30% of what it needed in fiscal year 2017. New Jersey's pension system for state workers is so underfunded that it could go broke in 12 years, according to a Pew Charitable Trusts study.

But, in EWI's view, many public pension systems may become insolvent long before then.

In fact, this is already happening with retirement-age individuals.

On Aug. 5, The New York Times reported:

The rate of people 65 and older filing for bankruptcy is three times what it was in 1991.

With pension funds heavily invested in risk-assets like stocks, imagine the scenario during the next financial downturn.

Our analysts' comments about the stock market's technical picture should be of high interest to every market participant, including those expecting a comfortable retirement.

Regarding the details of EWI's technical analysis at the time, we encourage you to see them for yourself in a new free report that remains relevant now (see below).

Read the free report now -- just look for the quick-access details below.

Learn how to spot once-in-a-lifetime opportunities and avoid dangerous pitfalls that no one else sees coming.

We can help you learn how to spot opportunities and side step risks that will surprise most investors.

You can get deeper insights in Elliott Wave International's new free report: 5 "Tells" that the Markets Are About to Reverse.

The insights that you'll gain are especially applicable to the price patterns of key financial markets, including the stock market, now.

Read the free report now.

This article was syndicated by Elliott Wave International and was originally published under the headline Dreaming of a "Comfortable Retirement" on a Public Pension?. EWI is the world's largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.



Here is the link to copy and paste if you cannot access the article above:

https://www.elliottwave.com/Free-Reports/5-tells-that-the-markets-are-about-to-reverse?acn=6sw&rcn=aa774&sc_camp=3AD33F423CF34F60A0C5B4B62F1885B9&dy=aa080918



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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