Another up day with the Dow Jones up 63 points (0.38%) and the Nasdaq up 31 points (0.76%).
The market continues to grind higher while stuck in a tight trading range. Even the Nasdaq has reversed it’s short-term downtrend as most “High Flyers” staged a massive week long 5% rally.
If you have ever wondered what the market top feels and looks like, wonder no more. Just take a look at today’s stock market.
Let’s see….. VIX slammed to a multi year low, yield curve compression continues, stock are rallying on low volume indicative of a short squeeze, massive amount of complacency, extreme valuation levels(hidden), FED induced credit bubble, 5-Year bull cycle is over and a multitude of divergences.
Did I miss anything?
I am sure I have. Point being, the market is either climbing the wall of worry or it is set for a massive blow up. I will let you decided which option plays out.
From my vantage point and based on my mathematical/timing work, the answer is undeniable. Again, my work shows a severe bear market between 2014-2017. 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 23rd, 2014. InvestWithAlex.com
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