Another strong day for the markets with the Dow Jones up 75 points (0.46%) and the Nasdaq up 69 points (1.64%).
Today marked an important juncture. Just as forecasted on this blog last Friday, the Nasdaq ended up bouncing (quite strongly) from it’s oversold bottom. Yet, despite the S&P hitting an all time high and the DOW stopping just 24 points shy of an all time high, this doesn’t tell the whole story. For instance, all markets left a number of large gaps on the downside that they must go back and close over the next few days. Indicating upcoming downside.
Plus, there is a small matter of the bear market of 2014-2017 that should start within a relatively short period of time. The bottom line is, it would pay to be very conservative here. If you would be interested in learning exactly when the bear market of 2014-2017 will start (to the day) and it’s internal bear market composition, please Click Here.
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Stock Market Update. April 1st, 2014. InvestWithAlex.com Google