Daily Stock Market Update. May 8th, 2014. InvestWithAlex.com

Another mixed day with the Dow Jones up 32 points (+0.20%) and the Nasdaq down 16 points (-0.40%).

While the Dow has been, more or less, stuck in a trading range since the beginning of the year, the Nasdaq and the Russell 2000 have a clearly defined short-term bearish trend associated with them. Further, both indices are approaching their respective and important support levels. If broken, it would be a clear warning sign for the overall market.

With multiple undercurrents traversing the market, which index presents us with a better preview of what is to come for the overall market and the US Economy as a whole ……. the Dow or the Nasdaq?

It depends on the market environment we are in. In this particular case I believe the Nasdaq will be our leading indicator due to its overall level of overvaluation, speculation and recent market action.

This is further confirmed by our mathematical and timing work, showing that a severe 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).

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