12/8/2015 – A down day with the Dow Jones down 104 points (-0.58%) and the Nasdaq down 40 points (-0.84%).
The market continues to perform as anticipated. If you would like to find out what happens next, please Click Here. Believe it or not, today’s marks the first “broad” negative day for the market since October 14th bottom. That’s quite an accomplishment.
With that said, most widely followed markets remains within a few clicks of their all time highs. And while that is certainly the case, the number of divergences AGAINST this market rally continue to pile up. Perhaps the most important divergence can be witnessed in the Junk Debt market Here’s why some smart investors are worried
In short, while the S&P index continues to surge higher, the junk bond market is not buying it. Leading to a standoff that can only be resolved in one of two ways. Either the junk bounces and follows the market higher or the S&P is in for quite a correction.
Which way will we break? Well, with the S&P is pushing against a major resistance line and with the junk bond market approaching a point of technical breakdown, the market Gods are pointing their finger towards a major market correction.
This conclusion is further supported by my mathematical and timing work. It clearly shows a severe bear market between 2014-2017. 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 2014-2017 will start (to the day) and its 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. December 8th, 2014 InvestWithAlex.com
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