Stock Market Update. March 26th, 2014. InvestWithAlex.com

A volatile day with the Dow Jones ending the day down 99 points (-0.60%) and the Nasdaq down 61 points (-1.43%)

In short, the market continues to perform as per our forecast (available in our subscriber section). While the Nasdaq continues to underperform, the DOW remains only 300 points away from it’s all time high. Looking at various indicators, the Nasdaq and the Biotech sector remain oversold and due for a bounce. In fact, the Nasdaq left a gap around 4260 that it is likely to close soon.

I believe such bounce will occur over the next few days. Please note, a slew of negative opinions coming out over the last few days. It is expected from this blog, but not from the mainstream media. I believe the overall psychological perception is changing as well. While it bodes well over the short-term, indicating a bounce, it’s a big problem going forward.

With that said, as we have been preaching on this site for some time, the bear market of 2014-2017 is just around the corner. If you would be interested in learning exactly when this bear market will start (to the day) and it’s internal composition, please Click Here.

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