Another substantial down day with the Dow Jones down 167 points (-1.01%) and the Nasdaq down 31 points (-0.76%).
While most headlines proclaimed an all time high for the Dow just a few days ago, YTD the Dow is already down 130 points (-0.80%). And it only took two days.
Further, while bullish sentiment remains at somewhat extreme levels, market fundamentals and internals continue to deteriorate. Suggesting that quite a powerful move might be just around the corner.
As I suggested in yesterday’s update, the direction of such a move is critical. It will either break the market and give us an early warning sign that something is seriously wrong within the US Economy -OR- it will surge higher to prove most market pundits right.
Which way will the cookie crumble?
Well, my 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 15th, 2014. InvestWithAlex.com
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