7/24/2015 – Another down day with the Dow Jones down 163 points (-0.92%) and the Nasdaq down 58 points (-1.12%).
I hate bragging, but as my friend Donald Trump says, “You Have To”. Earlier in the week my subscription service absolutely nailed the top on the Dow in both Price and Time. Since that point the Dow is down close to 600 points.
Further, if you are confused with this market, you are not alone. We are dealing with a very complex market environment here. A certain structure is about to complete and the market is about to move very fast. Something that my subscribers are very well aware of. If you would like to find out when we hit bottom and what happens next, please Click Here.
And instead of doing my regular weekly update, I will leave you this week with a few charts to consider. Of course, the conclusion you come to is entirely up to you.
The only other time the stock market was this expensive: 1929 and 2000 tech bubble.
Inflation adjusted S&P: Setting in a double top.
Dow Transports Are Not Confirming Higher Highs On The Nasdaq.
NYSE (largest index by capitalization) hasn’t gone anywhere in 13 months. Now breaking below 200 day moving average.
Massive divergence between collapsing macro data and stock valuations.
Smart money is selling while dumb money is buying.
Margin debt is at an all time high. Too much risk as everyone is too bullish.
If we are to repeat the environment when interest rates were this low last time, the S&P would have to lose 50-80% of its value.
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. July 24th, 2015 InvestWithAlex.com
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Shocking: How We Nailed This Week’s Market Top In Both Price & Time Google