11/13/2014 – An up day with the Dow Jones up 41 points (+0.23%) and the Nasdaq up 5 points (+0.11%)
Throughout the year this blog has been overwhelmingly bearish. Not because I am a bear, but rather, this stance is solely based on the fact that my mathematical and timing work clearly points to a bear market of 2014-2017. Despite all of that, the market continues to trend higher. So, to shift gears and to take a look at the other side of the coin, lets consider today’s higher highs.
The case for a bull market is fairly straight forward……..
- Most technical indicators have turned positive.
- The advance/decline line has turned up.
- The number of new 52-week highs has been expending.
- The Dow Theory continues to confirm a bull market.
- Most markets are at an all time high.
- Seasonality suggests that the bull market will continue.
- Republicans will bring business back. Presidential cycle suggests up markets.
- Oil prices are falling and that’s great for the overall economy.
- Corporate earnings are great, unemployment is low, fundamentals are good, confidence is up, etc……
- Oh and I almost forgot, everyone will get a Ferrari along with a massive tax return in early 2015.
If all of the facts above don’t make you want to pawn your left kidney and buy every stock under the sun, I don’t what will.
My response is………..so what?
All of the above is already well know and discounted by the market. As I have suggested so many times before, market moves according to its own mathematical points of force, not fundamental data. Consider the following. Most of the bullish points above were just as relevant on September 19th as they are today. Yet, the stock market proceeded to top out and then decline close to 10% in a matter 3 short weeks.
That is to say, don’t for a second believe that this market cannot decline into the end of the year. Perhaps even faster than it just came up. If you would like to find out what happens next, please click on the link below.
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. November 7th, 2014 InvestWithAlex.com
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