Daily Stock Market Update. May 6th, 2014. InvestWithAlex.com

A down day with the Dow Jones down 129 points (-0.78%) and the Nasdaq down 57 points (-1.38%).

Is “Sell In May & Go Away” starting to play out already? While it’s too soon to tell, here is one thing that might keep you up at night. The Dow might be in process of completing the right shoulder of a textbook “Head and Shoulders” trading pattern. With the Dow being unable to set a new high in it’s recent rally, April 4th remains the top of the “Head”.

Should the Dow accelerate to the downside and break below 16,000, it would signal the completion of a pattern and trend reversal. More importantly, it would give us an ominous sign that the bull market that started in 2009 might be over. No doubt a complex setup. Yet, if you look at the subject matter from a timing perspective, things tend to clear up.

Once again, based on our mathematical and timing work the bear market of 2014-2017 is just around the corner.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).

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