ShepWave TWO Important Updates for Thursday Published. OUTSIDE DOWN DAYS on WEDNESDAY! INTRA DAY UPDATE FOR THURSDAY!
by ShepWave.com
Posted: 12/19/2018 23:03 EST

2:23 PM ET USA. Intra Day Update for Thursday:

How much longer will this wave of strong bearish moves be with the markets?

Will there be room for a bit of a rally and yet still keep in the mid to longer term bearish potential?

These are two questions we are getting most frequently at ShepWave.

We are continuing to cover these perspectives in our day-to-day updates.

POINT: if you have been taking the sell signals since the all time high (and TIME-CYCLE TURN DATES) of September/ October you are making great profits. DON'T LOSE THESE PROFITS!

Log In at www.shepwave.com  for Thursday's Intra Day ShepWave Update.

15% off ShepWave Subscription Code: TURNOFFTHECNBC

The Regular Update for Thursday has been published.

In this update the daily technical analysis is given for the major U.S. equity indexes and for WTI-CRUDE OIL, GOLD and the VIX.

We at ShepWave have been in continual communication with a lot of our more active traders for the past several weeks. The recent activity for the major U.S. equity indexes is showing some potentially critical technicals and possible NEW-TRADE set-ups for short-to-mid term traders. 

NOTE: Some of the major U.S. equity indexes experienced OUTSIDE DOWN DAYS on Wednesday, December 19th. Is this another bearish omen? Or is it a sign that Santa-Claus-Rally is coming.

Is the Santa-Rally already over?

HOW ABOUT THAT BEARISH MOVE IN CRUDE OIL!!

Follow signals as they progress.

Log In at www.shepwave.com for the TWO Updates for Thursday. Both the Regular Update for Thursday and the Pre-Market Update for Thursday have been published.

15% off ShepWave Subscription Code: TURNOFFTHECNBC

Market Minute - December, 19, 2018

By Elliott Wave International

Good afternoon and welcome to our first installment of the Elliott Wave Market Minute.

The big story of the day is in U.S. Stocks.

The Dow Jones Industrial Average topped out at 24,057 and then plummeted to a new intraday low for the year of 23,162. The index also made a new closing low at 23,323.

The S&P 500 hit a high of 2,585 and a low of 2,488, closing down 39 points at a yearly low of 2,506. The S&P's range of nearly 100 points was the biggest since February 9th. Today was also the first day that the index closed below its 7-year trendline connecting the lows of 2011 and 2016 on log scale.

Nasdaq futures topped at 6,610 and made a low of 6,301, closing at 6,352.

Today is the first day since February that the Dow and S&P made joint new intraday and closing lows.

The stock indexes topped one minute after 2:00, when the Fed announcement began. Buying was so strong that the Emini S&P futures traded briefly at 5 points above fair value, the Nasdaq futures 15 points above fair value.

774 stocks closed up while 2,105 closed down. TRIN was 1.19.

TICK today reached a low of -1,560, the most extreme negative reading since October 29.

The stock market's volatility was nothing compared to Bitcoin Cash, which was up 31% today.

Gold rallied at the market open, hitting a high of 1,262, but dropped into negative territory in the afternoon, bottoming out at 1,245 just before the close.

Silver came within 5 cents of registering a new multi-month high, but fell just short of that achievement and closed down 5 cents at 14.64.5.

Find out what is likely to happen tomorrow. Tune into tonight's Elliott Wave Short Term Update, which will be posted at 5pm Eastern.