ShepWave Regular Scheduled Update for Monday Parts I,II, III, and IV have been published.

This past week we saw a good rally. Is this an indication that the bearish move from the April to July highs is over? Or is this just another really good selling opportunity?

The indexes are at a very critical point.

GLD and SLV traders could have a good trade set up. Watch the VIX chart closely for a quick move in equities. The VIX index could be our leading indicator and could get us in some quick profitable trades.

As objective and disciplined traders and investors it is important not to bring into one’s trading any unnecessary presuppositions. The belief that real estate values would always continue to rise was shattered a few years ago. The belief that the value of equity indexes will always go up could be about to be broken as well. It does not pay to be dogmatically bullish or bearish, but rather to let the technicals speak for themselves

Back in early July ShepWave saw some technical patterns in the Dow Transportations index that led us to believe that the indexes were hitting an important top. Those technical patterns and signals have worked out well and have been very profitable.

Just as it was the Dow Transportations index which was a critical and leading indicator back in July we are currently seeing some further potential leading indications by the Transportations index. Every trader and investor should be watching closely this action. A big market move could be very near.

Log In at www.shepwave.com for Monday's Regular Scheduled ShepWave Update Parts I, II, III and IV