6/2/2016 – A positive day with the Dow Jones up 49 points (+0.27%) and the Nasdaq up 19 points (+0.39%).
Recently Marc Faber pointed out a number of inconsistencies I have been talking about on this blog for some time. That is, a number of rally/bounce non-confirmation points the market is flashing.
Chief among them are the Nasdaq, Russell, Biotechnology (IBB) and the Dow Transports. If we were truly in a new phase of a bull market, the indices above should be leading the pack. Instead, they are lagging behind the Dow and S&P. To one degree or another. And if that doesn’t raise a number of red flags, well, Mr. Faber believes that it should. I agree.
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. June 2nd, 2016 InvestWithAlex.com
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