A volatile day with the Dow Jones up 87 points (0.53%) and the Nasdaq down 1 point (0.03%) for the day.
There is a famous saying on Wall Street “Sell In May And Go Away” as the stock market tends to historically underperform during the summer months. Not always, but often enough that the pattern is easily recognized by most market participants. While most people attribute the subject matter to seasonality, there is a clearly defined DNA sequence within the stock market that sets this pattern off. To be exact, it hits on May 19th of each year (Note: May 19th does not represent tops or bottoms, it represents the time benchmark of when this energy arrives in the market).
With market internals getting uglier by the day, there is a real possibility that 2014 “Sell In May And Go Away” time frame will be the worst we have seen in quite some time. Clearly since the beginning of the current bull market on March 6th, 2009.
This is further confirmed by our mathematical and timing work. Again, our work shows a severe bear market between 2014-2017. 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 exactly when the 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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Stock Market Update. April 28th, 2014. InvestWithAlex.com Google