A substantial down day with the Dow Jones down 101 points (-0.61%) and the Nasdaq down 29 points (-0.72%).
The market has been stuck in a trading range since April 22nd (over the short-term) and since December 31st, 2013 (over the intermediary term). The question is….. why? Our mathematical and timing work continues to point towards “Energy Accumulation”.
Just as if winding a spring, energy tends to accumulate within a range bound market. When it finally snaps, the energy is released and powerful/sharp moves tend to follow. The real question is…… when and which way.
Well, looking at some of the fundamental indicators might give you an idea. For instance, VIX is scraping the bottom of its trading range, extreme levels of investor optimism, collapsing yields and flattening yield curve, non existing spreads, FED tightening, market highs, etc….. might point your perception in a certain direction.
However, if you want a more precise answer you might want to take a look at our mathematical and timing work. It will show you exactly when (to the day) and in which direction.
Once again, this mathematical and timing work clearly shows that the bear market of 2014-2017 is just around the corner. 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 exactly when the bear market will start (to the day) and its subsequent 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. May 14th, 2014. InvestWithAlex.com
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