While most investors were freaking out at the end of last week, our service was looking for a bottom associated with an important TIME turning point of May 31st. To be more precise, we were looking for a bottom on either Friday or Monday. The Dow bottomed at 3:30 pm EST on Friday. We were looking at 2 potential turning points. One was located at 24,870 and the other at 24,610 (+/- 50 points) on the Dow. The actual bottom was hit at 24,681 or just 21 points outside of our window.
In last week’s update (see below) we insinuated that the market was getting ready to bounce. Now, the structure of the bounce hasn’t been ideal, but the sentiment did jump the shark once again. To put it mildly. Just take a look at the first set of headlines below.
Forget today’s bubble/fake economy and massive speculative bubbles associated with most asset classes, inverted yield curve and collapsing “real economy”. According to most, the stock market is going to the moon because the FED is ready to CUT, CUT, CUT. Perhaps they are right and perhaps they are spectacularly wrong. If you would like to find out exactly what the stock market will do next, based on our timing and mathematical work, please click on any of the links below.
Today’s Daily Journal consists of the following topics
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- Trump: The Dow Will Soar 10,000 Points If The FED Cuts
- Sure Bet: The Dow Is Going To 40,000
- Value Stocks Have Never Been Cheaper
- Nailed It Guy: Stocks Are Going To The Moon
- The FED Credibility Is Gone: Markets Don’t Care
- Something Cool: 30-Minute Drone Deliveries Coming Up
- The True State Of The Economy Is Horrifying
- Russia & China Dump Dollar
- War Criminals In Washington – War Criminals Everywhere
- Self-Righteous Celebrities Would Love To Torture Trump To Death
- Plus, Find Out What The Stock Market Will Do Next
What are you waiting for…..Click On The Links Above Now
Finally, you don’t have to guess what the stock market will do next under today’s extreme conditions. If you would like to find out exactly what the stock market will do next, in both price and time, based on our timing and mathematical work, please Click Here.
Please Note: Our latest call was a direct hit. While everyone was panicking our work projected an important bottom on December 27th (+/- 1 trading day) on the Dow at 21,725 (+/- 50 points). An actual bottom was put in place on December 26th at 21,713.