A big up day with the Dow Jones up 158 points (0.97%) and the Nasdaq up 34 points (0.85%).
The market continues to be stuck in a very tight trading range.
The good news? With the FOMC minutes failing to impress or add anything new, the stock market rallied on low volume while slamming VIX to a 9-month low of 11.91.
The bad news? Kind of the same. The market left a huge gap up in the morning (suggesting upcoming downside), while short squeezing the market up on low volume. Plus, with VIX pushing levels unseen since before the 2007-2009 financial crisis, the amount of risk in our financial system is immense.
It certainly feels as if something is about to break and a powerful move (either up or down) is just around the corner.
This is further confirmed by my mathematical and timing work. Again, my work shows a severe bear market between 2014-2017. 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 exactly when the bear market will start (to the day) and its subsequent 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. May 21st, 2014. InvestWithAlex.com
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