Stock Market Update. April 4th, 2014. InvestWithAlex.com

daily chart April 4th 2014t

A massive down day with the Dow Jones down 160 points (0.96%) and the Nasdaq down a bone crushing 110 points (2.60%). 

On Monday, both the WSJ and CNBC stated that statistically April is the best month to be LONG. Apparently, April has missed the memo thus far. In fact, you wouldn’t have been caught off guard if you were following our mathematical and timing work within our subscription section.  Not only was this sell off predicted a long time ago, but what comes next is as clear as night and day as well. Plus, believe it or not, today’s sell off had nothing to do with the jobs report, as my post at the open indicated. 

In particular, the Nasdaq and the iShares Nasdaq Biotechnology (IBB) took the brunt of the beating with IBB collapsing 4.01%. While most market pundits will view this in a typical “buy the dip” kind of mentality, this is so much more than that. It will be just a matter of time before the S&P and the Dow begin to play catch up. Remember, as our mathematical and timing work shows, the bear market of 2014-2017 is just around the corner. As I have mentioned yesterday, it will pay off 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 composition, please Click Here. 

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Stock Market Update. April 4th, 2014. InvestWithAlex.com  Google