A big down day for the market. With the Dow being down -179 or (-1.09%) for the day. The market continues to falter since the start of January. As I have mentioned in my earlier (weekly updates) there was a significant turning point on January 1st. Yet, this is not the beginning of the bear market I have predicted for 2014. The market is not done quit yet with the upswing. Current market action is the beginning of the top forming process and volatility. For the time being, it would be prudent to remain long while we wait for a confirmation that the bear market has indeed started.
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End Of Day Stock Market Update, January 13, 2014