A strong up day with the Dow Jones up 129 points (+0.77%) and the Nasdaq up 50 points (+1.14%)
The market continues to behave exactly as per our forecast (member section). Most markets have opened a large gap up in the morning that the market will have to close over the next few trading days/weeks. Plus, with the Dow stopping just 1 point shy of that magical 17,000 number, the chances are high that the bulls will push the market above that level in the near future.
Despite the euphoria, I would, once again, caution you against falling for this bull trap. Let me put it this way. Those who are buying at today’s levels will look back in 2 years time and then proceed to slam their heads against a concrete wall. Questioning, once again, how they could have been so stupid to buy stocks at such dizzying heights.
This conclusion is further supported by my mathematical and timing work. It clearly shows a severe bear market between 2014-2017. In fact, 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 when the bear market of 2014-2017 will start (to the day) and its 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). Daily Stock Market Update. July 1st, 2014 InvestWithAlex.com
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Daily Stock Market Update. July 1st, 2014. InvestWithAlex.com Google
