8/26/2014 – An up day with the Dow Jones up 29 points (+0.17%) and the Nasdaq up 13 points (+0.29%).
With another up gap today, in addition to a number of other gaps leading all the way down to August 7th low, the market is suggesting some sort of a correction.
Plus, while most investors continue to celebrate another “Buy The Dip” victory, a number of red flags appear on the horizon. For instance, did you know that while the S&P closed above 2000 level for the first time ever, it did so on the lowest volume of the year. Not a good sign when the market is sitting at an all time high.
And while that in itself is not an issue, when we combine the metric above with flattening yield curve, obscene overvaluation levels, FED tightening, rampant speculation, etc……you have got to have at least enough common sense to pause for a second and scratch the back of your head. If history teaches us anything, it is that such market setups tend to end in crocodile tears.
This conclusion is further supported by my mathematical and timing work. It clearly shows a severe bear market between 2014-2017. In fact, when it starts it will very quickly retrace most of the gains accrued over the last few years. If you would be interested in learning when the bear market of 2014-2017 will start (to the day) and its internal composition, please CLICK HERE
(***Please Note: Due to my obligations to my Subscribers I am unable to provide you with more exact forecasts. In fact, I am being “Wishy Washy” at best with my FREE daily updates here. If you would be interested in exact forecasts, dates, times and precise daily coverage, please Click Here). Daily Stock Market Update. August 26th, 2014 InvestWithAlex.com
Did you enjoy this article? If so, please share our blog with your friends as we try to get traction. Gratitude!!!
