ShepWave Updates for Thursday Coming. YOU JUST CAN'T MAKE THIS STUFF UP!
by ShepWave.com
Posted: 5/17/2017 16:49 EST
I will be publishing three updates for Thursday. These will be ready as soon as possible.
Thank you all for the emails. Based on what I have read at least most of you were already well positioned for the big move we saw today (Wednesday).
As I say, YOU JUST CAN'T MAKE THIS STUFF UP!
No, I did not know this stuff was going to happen with Trump when I entered the bearish positions; I use technical analysis. Be very careful assigning causation to market moves. The media oversteps their boundaries there; do not be one of the naïve.
I will email as the updates for Thursday are completed. The first one will cover the action in GOLD, GLD, SLV, GDX, and CRUDE OIL.
Log In at www.shepwave.com for ShepWave Updates.
SPECIAL Update for Thursday: Special GOLD (Weekly and Daily) Charts; 60 min GLD charts; 60 min SLV charts; Daily and 60 minute GDX (mining) charts; weekly and daily Crude Oil charts.
In this update you mainly will find that the recent buy signals we saw last week in such plays as GLD, SLV, GDX have worked out like clockwork. But now what to do? Now is NOT the time to be watching the emotional based analysis of the News.
You know how usually I say, TURN OFF CNBC? No, TURN OFF THE TV!
Follow the objective technicals and keep making money.
The other two updates for Thursday will be published shortly. These updates will have the analysis for the major US equity indexes. Again, the move on Wednesday was totally anticipated--perhaps it came a day earlier than I had anticipated--but nevertheless were ready.
On the issue of NEW SUSCRIBERS. Yes, new subscribers will be stopped soon. I had a couple of emails and I am trying to be patient.
Log In at www.shepwave.com for Thursday's ShepWave Updates.
Regular Update for Thursday. Daily time frame analysis for the major US equity indexes, Crude Oil, Gold, and the VIX
Did you make the 46% profits the VIX gave today?
The indexes continue to be highly predictable--but if you notice the sell off in the Dow Industrials index today (for example) came after the upward thrust of late April (as anticipated) and came as a result of a gap down open of greater than .5% (an Island Reversal pattern, once again as anticipated).
AGAIN, YOU JUST CAN'T MAKE THIS STUFF UP!
Most analysts and traders fail to see the forest for the trees and get impatient--seemingly trying to force the markets to act--rather than reading the markets for their signals.
Most traders lose money because they do not understand market technicals; of course there are few analysts who understand them.
The markets are at a Hurry-Up-and-Wait scenario again, as they were the other day.
So please read the notes and analysis very carefully in this update
Long Term Traders and INVESTORS, it is time for you to begin to pay closer attention as well. And it has been a while since we have had that situation.
Log In at www.shepwave.com for ShepWave Updates.
ShepWave Pre-Market / Intra Day Update for Thursday Published
Traders, please be careful assigning causation to the markets. Notice how the moves we saw in equities and even in commodities on Wednesday--as sudden as they were--were anticipated. Granted the move in equities was planned to come on Thursday, but still we saw the potential for the move without knowing of any political scandal.
The media likes to play the American public--and this includes all sides of politics. There is a reason why I never mention politics on ShepWave.
Let's all stay objective and keep making money. It is that simple.
Log In at www.shepwave.com for the THREE ShepWave Updates for Thursday.
We have had a few emails this evening asking about possible short term targets.
This gets a little more advanced in how these targets are calculated. The areas that the indexes have crossed into on their daily time frames does affect which trend one would assume is the one to be corrected.
So see the targets in Thursday's Pre-market / Intra Day ShepWave Update by logging in at www.shepwave.com
6:50 AM ET USA. Additional Pre-Market Notes and Analysis Published.
Well thank you to a lot of you overnight futures traders--keeping me up all night. (Sarcasm)
The futures are down again. Will this lead to another massive sell off like yesterday?
Remember that ShepWave was anticipating the trend to change and was positioned in advanced for the move--granted the sell off came one day earlier than actually anticipated. I guess we can't always get everything exact. Now the key is to trade by the signals as they come.
If the markets open as the futures are currently indicating (negative about .2-.3%) for the major US equity indexes, then we do have some additional signals and areas of technical analysis to be concerned with.
If you are waiting for the next bounce--you will want to pay close attention to the details of our analysis over the next day or so. A bounce will come; but knowing when to jump back in may not be as easy as many will have you believe.
Log In at www.shepwave.com for today's Pre-Market / Intra Day ShepWave Update.
Important Intra Day Updates. NEW TRADES
Short term traders, ALERT.
Also, those of you who have been looking to add to short to mid term trades---swing traders--you will want to see the next anticipated entry point.
Log In at www.shepwave.com for this afternoon's ShepWave Update and TRADING OPPORTUNITIES.
NEW AFTERNOON UPDATE
These markets continue to be very predictable. But with that said, I have seen these kinds of markets before; they go weeks and even months of being highly predictable and then out of the blue it seems we get a surprise.
But nevertheless, for now they have been extremely easy to predict.
Nice wedge pattern we had to base that short term long side trade off of, huh? Well, the key is for all of you to not only go along with the set-ups I identify, but to be able to identify more set-ups for your self by learning this stuff.
So, see this afternoon's notes to see what we expect next.
Log In at www.shepwave.com for today's Intra Day ShepWave Updates.
| 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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