Summary: Continue to maintain a LONG/HOLD position.
Make no mistake. A severe bear market is coming and will start in 2014. That has always been my position and my advanced mathematical work confirms. If you would like to get a little bit more information, please click on the report at the bottom of this post to learn more.
Fundamentally speaking, there is no reason for the market to be at these levels. The rally you see has been caused by a number of things. 1. Massive credit infusion into the financial markets/economy in the form of QE by the FED to the tune of $85 Billion per month. 2. Pure speculation and people panicking into stocks. 3. Market structure based on my mathematical work. Also known as, the market must complete its up move before reversing downward.
Technically speaking, while the market is showing signs of a fatigue and a roll over, this is not yet the top. Either way, we have to wait for a technical confirmation before reversing position. My previous updates and various fundamental issues associated with the market remain right on the money. Please click on the links below to see them.
As we continue to hold our long position while waiting for the market reversal, right now might be a good time to start thinking about how you would liquidate your holding and/or re-allocate your capital once the bear market of 2014-2017 starts.
If you would like to take it one step further, this is a good time to start researching SHORT opportunities.
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Stock Market Update, January 10th, 2014