4/1/2015 – Another down day with the Dow Jones down 78 points (-0.44%) and the Nasdaq down 20 points (-0.40%).
A very solid technical look of where we are in the technical composition of the market. Definitely worth 2 minutes of your time.
I am seeing the same thing as Carter. The markets are getting weaker by the day. Markets internals continue to deteriorate, distribution period has been in place over the last 6-9 months, interest rates are about to rise, stocks are overvalued and so on and so forth. You get the picture.
In terms of the catalyst. I don’t think you will have to look further than Q-1 earnings season. Again, due to the recent surge in the US Dollar and slowing economy, I would expect quite a few big guys to miss and guide lower. And I am not even talking about small and mid caps. That could be devastating, considering today’s expensive P/E multiples and high expectations.
This conclusion is further supported by my mathematical and timing work. It clearly shows a severe bear market between 2015-2017. In fact, 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 when the bear market of 2015-2017 will start (to the day) and its internal composition, please CLICK HERE.
(***Please Note: A bear market might have started already, I am simply not disclosing this information. 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. April 1st, 2015 InvestWithAlex.com
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