It has been a structurally ugly decline off of April highs. Particularly for the Nasdaq which looks like a pound of Swiss Cheese. Yes, we are talking about gaps and as the saying goes……”gaps eventually get filled; the question is when”. I would be the first to admit that the recent structure suggests an imminent and powerful bounce in the indices, perhaps to close the gaps, but the question of WHEN is even more important. Why? Well, the market might decide to close some gaps off of 2016 lows before it decides to close the ones from April/May.
Today’s Daily Journal consists of the following topics
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- This Lovely Chart Suggests The S&P Will Rally- Time To Load Up?
- What You MUST Know About The Yield Curve
- Why The West, As We Know It Today, Is Done
- Hello Recession My Old Friend
- Surprise: Most Of The Esteemed Warmongers In The Trump Administration Are Draft Dodgers
- Plus, Find Out What The Stock Market Will Do Next
What are you waiting for…..Click On The Links Above Now
Finally, you don’t have to guess what the stock market will do next under today’s extreme conditions. If you would like to find out exactly what the stock market will do next, in both price and time, based on our timing and mathematical work, please Click Here.
Please Note: Our latest call was a direct hit. While everyone was panicking our work projected an important bottom on December 27th (+/- 1 trading day) on the Dow at 21,725 (+/- 50 points). An actual bottom was put in place on December 26th at 21,713.