ShepWave.com Elliott Wave Theory

Click here to read tonight's update at ShepWave.com

As many of you know. I use the charts of the S&P 500 index to confirm all positions and trading patterns in the other indexes. Tonight I show some charts of the S&P 500 to show the Preferred Elliott Wave Theory counts at this time. This should be a very profitable period coming up for current positions. Our core positions are in the black. We have entered some Options positions last week that we should keep open for the next few weeks... charts will indicate when to take profits.

Click here to read tonight's update at ShepWave.com

Click here for today's ShepWave Update


The Dow Industrials went within 13 points of our target last week.

As shown in recent updates the indexes have been behaving as suspected. ShepWave exited short term QQQQ Options trades for 100% profit last Monday. We then entered a QQQQ Options trade for September (expiration) that we will try to exit by August. The entry window is still open for this trade. This trade should profit anywhere from 200%-400%. Our core positions for the DIA and QQQQ are well in the black. In today's update I show some entry and trade management techniques along with targets which could be hit in the next few weeks. I also highlight a few individual stocks which some subscribers have inquired. (GROW and TIE) Remember the Purpose of ShepWave is to not only show our targets, analysis and method of trading but to teach trading disciplines and strategies that can be used when trading 'anything'.

Click here for today's ShepWave Update

Click Here to go to ShepWave.com for tonight's update


I am writing tonight's update to show the current potential Elliott Wave Theory counts and potential future direction of the Markets. Are the Markets Oversold? Remember to use ShepWave trading disciplines (shown in tonight's update) to enter trades.... especially risky trades. Risky trades would be trades that go against the larger degree trend. I show targets and strategies in tonight's update.In tonight's update you will see different Elliott Wave Theory counts for the recent action. Which count is in effect could be confirmed pretty early tomorrow. The DOW went right to our short term target of 11,040 today.We are now FLAT the QQQQ and DIA options. We have had several 100% profit or more in recent trades. We should be reentering some OPTIONS POSITIONS for the QQQQ andDIA this week ASAP. Is there a 'buying' opportunity in the markets. Possibly. BUT, Use our disciplines and strategies to enter positions. Contrary to most services and the beloved CNBC. We try to teach strategies and disciplines to enter, exit and manage trades. The longer term trend is being confirmed.. so extreme caution should be used at the current time.


Click Here to go to ShepWave.com for tonight's update.

Click Here to go to ShepWave.com for tonight's update
I am writing tonight's update to show the current potential Elliott Wave Theory counts and potential future direction of the Markets. Are the Markets Oversold? Remember to use ShepWave trading disciplines (shown in tonight's update) to enter trades.... especially risky trades. Risky trades would be trades that go against the larger degree trend. I show targets and strategies in tonight's update.

In tonight's update you will see different Elliott Wave Theory counts for the recent action. Which count is in effect could be confirmed pretty early tomorrow. The DOW went right to our short term target of 11,040 today.

We are now FLAT the QQQQ and DIA options. We have had several 100% profit or more in recent trades. We should be reentering some OPTIONS POSITIONS for the QQQQ and
DIA this week ASAP.


Is there a 'buying' opportunity in the markets. Possibly. BUT, Use our disciplines and strategies to enter positions. Contrary to most services and the beloved CNBC. We try to teach strategies and disciplines to enter, exit and manage trades. The longer term trend is being confirmed.. so extreme caution should be used at the current time.

Click Here to go to ShepWave.com for tonight's update.

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ShepWave has entered back in on the 1/2 of QQQQ Position that we took profits in last week. We also entered a position in the DIA today. Still open JULY Options for DIA and QQQQ. Things should be heating up.. This could be one of the best entry areas for some time. Click Here to see today''s entries for ShepWave. Click on the Shep''s Trading Log once you have logged in.

Click here for tonight's update at ShepWave.com
Today's action is forming the beginning of what could be a minor degree wave 2 of a much larger degree wave 3 which the outside down week last week has triggered. I show the preferred labeling in tonight's update.. A brief down tick followed by a rally possibly breaking today's high at the close is to be expected. Should be some pretty easy trading for the next few weeks. 11,464-11,547 is the potential target area for the wave 2 to end. I show potential patterns for the next few days with targets and trading strategies. But be careful there is a WILD CARD.
Entry Possibilities for Short, Mid and Longer term traders/investors.
If you haven't entered positions yet, I show more ways of entering the current markets to make maximum profits.
Click here for tonight's update at ShepWave.com

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Click here to read today's Trade Entry and Current analysis for the Indexes. ShepWave.com


This morning's entry was a good one. At this time the position is in the black 20%. Remember these are JULY contracts. We are looking for a 200-300% profit. Ideally we will close out by mid June at the latest. Still time to enter today's trade if you missed this morning's email.
Read the three most recent updates to get a more comlete picture of what ShepWave is looking for the in the Markets. The next 3 weeks should be a 'no brainer' opportunity. The next 10 months should present many opportunities to make a goot return.
Click here to read today's Trade Entry and Current analysis for the Indexes. ShepWave.com

I cannot stress enough to sign up for CLUB EWI. It is free. I read Prechter's most recent Elliott Wave Theorist and he shares some beautiful concepts of what could be happening in the World not only Financially but Socially. The year 2012 could be prominent.
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For Today's Update at ShepWave.com CLICK HERE.

I have published tonight's update to show short term analysis. I show some short term trades for Aggressive Traders. These trades could be risky. I show targets where ShepWave is looking to reenter positions.
I will be in and out of the office today. So I want to be clear what we are looking for to reenter trades. We took some nice profits off the tables lately. Exited several Options Trades in the past couple of weeks with a 100% profit or more. We will be reentering positions that could be much more profitable than the recent trades. Potential 200-400% Options trades for the QQQQ could be coming.
Be sure to read the THREE RECENT UPDATES to get a more complete picture of what ShepWave is looking for in the Markets for the next few weeks (at least). Potential quick 10% move in the Dow Industrials. An even greater move for the Nasdaq.


For Today's Update at ShepWave.com CLICK HERE.

for today's update CLICK HERE. You will find the Weekly charts added to this morning's update. Things are heating up. I have added some Weekly charts to this morning's update to show the potential long and mid term indications. Outside Down Weeks in the S&P 500 and the Nasdaq 100 indexes.. The Dow 'could' be a potential outside down week too.. but, I am not counting on it. Good job everybody. Have a great weekend. Been an excellent week. WE should have many more of these weeks in the future.

for today's update CLICK HERE. You will find the Weekly charts added to this morning's update. Things are heating up.

ShepWave closed out two OPTIONS positions this week each for 100% + profit. Took some profits on our core position in the QQQQ. Shep elliott wave theory technical analysis stock charting

Stock Market Analysis. Trade the U.S. Stock Market. Trade Stocks, Indexes, ETFs, QQQQ DIA and Options. Elliott Wave Theory. Stock Market analysis.

Big Day Wednesday. FOMC Meeting. I am writing today's update to show the current forecast for the markets. Will the 'FED' cause a rally or a sell off? Who Knows, is the answer. Investors and analysts have many 'news' items to blame any action of the markets on. ShepWave shows technical evidence to give clarity to the action of the markets. Are you positioned for the next potential 30% move in the indexes?

Click here to read today's ShepWave's update with targets and market direction Forecast

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Click here to go to ShepWave to see updates and analysis.


I am writing tonight's update to show the Weekly and Daily charts for the Dow Industrials. We are seeing a possibility of one more dip only to be followed by a 'brief' up tick leading to a new 6 year high. I have given targets for the indexes in recent updates. I will update the targets once a 'confirmed' trade signal is in. We have entered Aggressive trades for the Dow Industrials index (DIA) and the Nasdaq 100 index (QQQQ). Options trades entered also. Aggressive traders can also enter positions for the S&P 500 and other indexes. Is a 'market crash' in place for this Summer? Or will the Dow see a new 'all time high'?Click here to go to ShepWave to see updates and analysis. If you haven't signed up for CLUB Elliott Wave International Click on the link below. It is free.dow industrials qqqq trading stocks qqqq options technical analysis emini s&p ...

Click here to go to ShepWave for Updates and Analysis.Over the past few years I have watched very distinct changes in the world. Especially in the equity markets, there has been an overwhelming amount of uncertainty and volatility. After studying I have come up with the conclusion that the world will keep being a changing place. We not only have the threat of terrorism but also threat of social economic uncertainty that could last for years. The so called professional 'analysts' get it wrong time and time again which is no surprise to me. Most analysts have their own agenda and use economic and analytical tools that may have been effective during the last 70 year period but the markets could be entering a very different phase according to my analysis. I use Elliott Wave theory analysis to give guidance of the equity markets to guide preservation and growth of my own wealth. The markets as we "knew" them are gone in my opinion. The U.S. markets saw a five wave cycle up from 1929-2000. We now have began a three wave cycle correction to the down side that could take several years. I believe we will be in a secular bear market for some time. It won't be straight down (obviously) and there should be some good opportunities to make money from the markets going both down and up. Please join me in my search for guidance with my charts. Please understand that I am not a pessimistic or cynical person. I am just trying to add a little more clarity to my trading and investments. I have created shepwave to help traders/investors all over the world. It is the goal of shepwave to provide the best analysis at all times. We will strive to be objective and unbiased. The only agenda we have at shepwave is to give objective analysis. We have now reached every major country in the world. Traders and Investors both big and small can now get objective analysis of the major U.S. equity markets. I will maintain a minimal charge for shepwave. Keeping the cost low so even the smallest investor or most hesitant subscriber will have access to our analysis with very little risk.

Shepwave.com Technical Analysis covering the Major U.S. stock indexes. Wave Theory. Specializing in QQQQ and DIA trading and analysis. Click here to vist ShepWave BLOG. Stock analysis elliott wave theory trading stocks trading options options qqq ... qqqq options technical analysis stock charting

ehFor today's Update CLICK HERE.

I am publishing the Regular Scheduled Update for Monday Early. As mentioned in recent updates the markets are at a critical juncture. Recent patterns are confirming longer term analysis by ShepWave. Short term patterns are finishing out. In today's update I show a potential pattern that should take us in to next week.. The Outside Down trigger can very possibly occur next week. I give targets for Entry and Exits for the indexes. ShepWave has entered some key positions this week for the DIA and QQQQ. These current positions (options) should net a profit of 100% or greater. IS the Dow Setting up for a quick 5% move?


Click here to go to ShepWave BLOG stock market Stock analysis elliott wave theory qqqq dia stock timing technic ... technical analysis options trading stock options

For today's Update CLICK HERE.

I am publishing the Regular Scheduled Update for Monday Early. As mentioned in recent updates the markets are at a critical juncture. Recent patterns are confirming longer term analysis by ShepWave. Short term patterns are finishing out. In today's update I show a potential pattern that should take us in to next week.. The Outside Down trigger can very possibly occur next week. I give targets for Entry and Exits for the indexes. ShepWave has entered some key positions this week for the DIA and QQQQ. These current positions (options) should net a profit of 100% or greater. IS the Dow Setting up for a quick 5% move?


Click here to go to ShepWave BLOG stock market Stock analysis elliott wave theory qqqq dia stock timing technic ... technical analysis options trading stock options

CLICK here to go to ShepWave to read updates and analysis.
I bet you are wondering whether you are reading the title right or if I made a typo. The answer is yes you are reading the title correctly and there is NO TYPO. I am writing this editorial as a continuation to recent editorial updates.
I have been very entertained lately by the financial network stations. CNBC has been priceless but they are not alone. Stressing Markets at '6 year highs', the 'BULLS RALLY' and the like are making headlnes all over. When will the headlines read "STOCK MARKET CRASH"? You may not be even considering the possibility that it will be this year. Ahh, But you may be surprised. ShepWave analysis shows a potential end to the current 'bullish' cycle and the return of the 'secular BEAR' cycle very soon. We at ShepWave use many technical analysis methods for gauging the markets. Granted for the short term we are not always right. That is why we teach and STRESS trade management techniques through Stop/loss and $$ amount invested. For Example; When we enter an options trade we recommend no more than 3% of one's trading protfolio should be used to OPEN ANY OPTION TRADE.
If one potential timing cycle is correct the DOW INDUSTRIALS can see a 30% sell off by the year's end. The Nasdaq Indexes could see a 50% sell off and the S&P 500 can see a potential 35% sell off. That is right.. by the end of 2006.
Our analysis shows that although we have recently been making new highs the strength keeps getting weaker and weaker. Even the NYSE Bullish Percentage Index is showing confirming analysis that a major TOP could be upon us. When the break occurs you could miss out of the first 3-5% of the down move. That is how quickly it could occur.
CNBC and similar financial 'comedy' channels will be blaming it on something. BUT, my question is why they are not showing the viewers this NOW? The answer is Money. The fact is that there is a lot more money in being BULLSH than BEARISH. We know this at ShepWave. But, there is something else that is important to running a business and having longevity and that is 'integrity'. I could be a perma BULL like everyone else but that would not be the honest way to operate.
The Rich and Knowledgable already know what I am telling you. It is the average person/investor/trader who is always left holding the bag. Most of you who read this editorial will think,, ahh, I will be ok. Then when your portfolio is down 35-50% you will think... oh well I can make it back. But, the question I ask you is; why take the hit if you can protect yourself and even profit from this turn?
For updates and analysis go to http://www.shepwave.com/
Have a great day.
Shep


Click here to go to ShepWave BLOG

Go to www.shepwave.com for analysis and updates.
The Options Trade we entered for GOOGLE (goog) last Monday closed up with a profit of $20.40. We paid $18.00 per share for the contracts. We closed out 1/2 of the position this morning for a profit of 74.4%. The other 1/2 now sits with a profit of 113%. Not bad for one week's work. One contract (100 shares) would have cost you $1800. Your profit (if all is open) is $2,040. That would pay for over 10 years of Subscribing to ShepWave. We will be closing this position out completely tomorrow. See Charts in today's update to see why. We got our piece of the "PIE".
I am publishing tonight's update to show the triggered trade signals for the Dow Industrials and the S&P 500 indexes. The Nasdaq has already given the trading signal. But they are confirmed in tonight's update. I give targets for all the indexes tonight. The Charts of the S&P 500 index show reasons to be cautious on the LONG or SHORT sides of the Market. No confirmation either way. We show what we are looking for tonight.
We will be looking to open some July Options for the QQQQ on Tuesday or Wednesday. See tonight's update of potential direction and Entry.. Daily Trading signal was issued today.
I happened to walk by a television and CNBC was on today. I over heard one of the staff talking about the 'X' factor. They will find any thing to the 'pin' action on. 'Nuf Said.
Anyway,
Go to www.shepwave.com for today's update.

CLICK here to visit the ShepWave BLOG

Shep


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For the Regular Scheduled Update for Monday Morning go to http://www.shepwave.com/

go to www.shepwave.com to read this article also.


I am writing tonight's update to share with everyone who is on our mailing list. As many of you know if you are registered with ShepWave we periodically give out Complimentary Trials and Updates via email. I had an email from a subscriber who has been with me for a few years the other day asking why I have tamed down my editorial style of writing. In past days I would sit on Sunday Morning's and write my Monday Update while watching my favorite comedy show on Fox News, "BULLS and BEARS" ; this show has some of the best comedians I have ever seen as guests. They deserve a raise. And they are all so vibrant and sure of their views. I have changed my style to just 'stick to the facts' for several reasons. The main reason is that it really doesn't matter what I think or how I feel. The goal of ShepWave is to present objective technical analysis by presenting the confirming facts through our charts. BULLISH or BEARISH We show the technical aspects to show potential action. We give entry targets for positions, Exit targets, and stop/loss disciplines.With that being said I happened to tune in to CNBC one afternoon last week. Another fine channel full with some very 'fine' comedians. Jim Cramerr ( I think that is his name) was 'yelling' about Bank of America (BAC). At first glance I had to agree with his analysis. BAC does have a nice yield. But, the fact occurred to me that there is overwhelming evidence to show that this country is in a major Credit Bubble. Consumer Credit is at All Time HIGHS. Not only in actual dollar amount but also when compared to personal income levels and GDP. Bankruptcies are at all time highs. So are Foreclosures. One can find examples in almost any neighborhood of foreclosures where homes are selling for 3/4 (or less) of their value. How would this effect the future of BAC if this Bubble were to 'burst'? Enough ranting from me. Now to the charts of BAC.(CHART REMOVED) The Monthly chart of BAC actually possibly supports Cramer's analysis. WOW. What a nice run. Now when the markets dipped after the highs of 2000 BAC went to 16 buck range. For Long Term Investors of this stock. Use 38.97 as a breaking point. That is the 50 Month moving average. This chart shows that this stock has been a winner and 'could' keep on a winning streak.(CHART REMOVED)The weekly chart of BAC above still shows some confirming strength behind Cramer's Bullishness. BUT, Notice that we highlight two price areas in the chart above. For Investors/traders of this stock. A double break below the $42.70 area would issue a sell signal for this stock. Once this occurs keep a trailing stop to ensure profits or minimize losses. Your target would be $29.79 area. That would be a fibonacci 61.8% retracement of the rally of wave 3 as labeled in the chart above.(CHART REMOVED)The Daily chart of BAC above shows the Preferred Elliott Wave Pattern from the Lows of Mid 2001. Notice 911 had little 'lasting' effect on this stock; an initial 20+ percentage sell off followed by a very nice rally.. That in itself is impressive. BUT, notice that we could be ending a wave 3 up. (This could be a wave C ; the stock hasn't been around long enough to give a super cycle degree count). Using Fibonacci our next upward target for the stock would be the $53.50 area. That would make wave 5 (blue) equal to wave 1 (blue). The reason I highlight this stock is that although there is no 'real' technical evidence to give reason to SELL it. There is enough evidence be cautious. Keep the above levels as stops if you are a long term investor. But, also keep in mind the overwhelming evidence that we are most likely in a primary degree wave 2 (ending) for the major U.S. Indexes.That is all for tonight's special update. I will try to publish more of these to those who are on the mailing list. Have a beautiful.ShepWave has identified several Long Side and Short Side Trading Opportunities for the indexes (ETFs) lately. Longer term Preferred Elliott Wave Theory counts are being strengthened. Go to Monday Morning's update for analysis for the markets for the up coming week. Our Option Trade for GOOGLE (June) saw a profit of over 50% in less than one week after we entered the position last Monday.May you live in the 'spirit'.

Shep