Stock Market Update. April 16th, 2014. InvestWithAlex.com

Another up day with the Dow Jones up 162 points (+1.00%) and the Nasdaq up 52 points (+1.29%)

With a bear market now in the distant past of approximately 8.5 trading hours 😀 , the bulls are eager to buy. Financial media talking heads and market pundits are coming out of the woodwork, proclaiming a market bottom and the push towards the next high. In short, the correction is over and the bull is back. Not so fast there, sparky. This is what we told our subscribers in our weekly update last Saturday….

Case For A Strong Bounce: On Friday(4/112014), the Dow bottomed dead on one of our mathematical points of force. It’s not a particularly strong point of force, but it would work for a short-term bounce. Further, on Friday the Dow bottomed at a fairly strong resistance point located at around 16,000-16,050. Further, on Friday the Nasdaq bottomed at its February 5th intermediary low, without being able to break it. Finally, most indices are oversold and are due for some sort of a bounce.

While everyone is cheering for the bull market, our mathematical and timing work continues to show an upcoming bear market in equities. When it starts it will very quickly retrace most of the gains accrued over the last two years. If you would be interested in learning exactly when this bear market will start (to the day) and its subsequent 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).

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