ShepWave Monday Updates Part 1 and 2 Published Early. Important Technicals covered. Elliott Wave Theory. Stock Market Technical Analysis.
by ShepWave.com
Posted: 6/28/2008 01:18 EST

Possibly one of our most important updates ever has just been published by ShepWave.  The Dow Industrials Index closed DOWN 4.19% last week, while the S&P 500 Index closed down 3% and the Nasdaq Composite Index cloesd down 3.76% on the week.   But, even with these big down moves in the major indexes the VIX (volatility index) was up only .57 points for the Week to close at 23.44.  Friday's trading actually saw the VIX close NEGATIVE .49 while the Dow Industrials Index closed down almost 107 ponts.   Recall that at the recent 'pivot' lows the VIX had clearly crossed above the 30 mark. 

The Dow Industrials Index breaks below the 200 Week Moving Average as well as the 50 Month Moving Average.  Should Long Term Investors be concerned about this?

ShepWave shows Short to Mid Term Trade TRIGGERS in tonight's update as well as critical technicals being hit by all the indexes.  Where will we get a 'tradable' bounce?  Can short term traders BUY on Monday? and where are the ideal bounce targets?

The Elliott Wave Theory wave patterns have been unfolding nicely.  Also shown in tonight's update are critical Fibonacci Retracement and Extension Targets.

Go to www.shepwave.com for the Regular Scheduled ShepWave Update for Monday.

 Saturday Night:

As mentioned there are a lot of technicals which need to be shown to give a clear picture of the current market potential.  The Regular Scheduled Update for Monday Part 2 ShepWave shows the critical technicals occcuring in the Dow Transportation index and the VIX (Volatility Index).  Remember that the VIX is usually NOT a good technical tool to 'soley' base trading decisions.  BUT, when used in conjunction with other technical indicators can be a good 'heads up' as to Trade Entry and Exit.   Read tonight's update for more clarification and possible trading strategy.

Go to www.shepwave.com for the Regular Scheduled ShepWave Update for Monday Part 2

 

 

U.S. MARKETS 1st quarter: Steepest decline in 5 years U.S. equity indexes snap three-day losing streak with Monday's advances, yet they finish the first quarter of 2008 with the markets'  steepest declines in the past five years

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For trading strategies, Trade Signals, Triggers, Targets, Charting and Elliott Wave Theory Analysis go to http://www.shepwave.com/

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Go to www.shepwave.com for Updates.  Trend Analysis, Elliott Wave Theory, Fibonacci Retracement and Fibonacci Extension Targets, Trade Triggers and Targets shown. QQQQ Trade Signals.

 

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QQQQ Trades Opened including Options Trade, BAC (Bank of America) Options Trade, AAPL  (Apple) Options Trade, PMCS Short to Mid Term Trade and Dow Industrials and S&P 500 analysis.

 

 Stock Market Technical Analysis.  Elliott Wave Theory.

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Starting in August ShepWave began Publishing Intra Day Updates with short term analysis 'mainly' concentrating in the QQQQ but also showing the other indexes and individual Stock analysis.  This EXTRA service will have an additional charge to the Regular ShepWave Subscription eventually.  Those already Subscribed to ShepWave will be EXEMPT from any additional charge for this service when it is added in the future.

 

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ShepWave provides the Services listed below for Less than $20/Month

 

Short, Mid and Long term Trading Analysis with Trade Entry Signals, Strategies, and Targets

Regular Scheduled Updates Published by Market open on Monday and Thursday.

 Intra Day Updates for QQQQ, DOW,S&P 500 and selected individual stocks most every day.

Our purpose is to not only show potential trade set ups and the management of those trades but to TEACH objective disciplined methods of trading for any time frame.

QQQQ Trend Trading.

QQQQ Options.

Trading Stock Options.

Dow Industrials, S&P 500, Nasdaq Indexes, QQQQ, DIA and Selected Stocks Analysis

Email Notification of reports and trades if desired

 

 

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