Daily Stock Market Update. May 7th, 2014. InvestWithAlex.com

A mixed day with the Dow Jones up 118 points (+0.72%) and the Nasdaq down 13 points (-0.32%).

The stock market was as neurotic as Janet Yellen’s testimony earlier today. Divergence and volatility was the name of the game. A large gap in the morning, followed by a 120 point decline, followed by a 160 point rally (in an attempt to close yesterday’s gap), etc….and that’s just for the Dow. VIX down, Nasdaq down, most of the high flying tech stocks slammed once again, S&P up and Russell 2000 almost breaking an important support levels.

There was enough divergence and confusion to cause even the best market practitioners to throw their hands up in the air while yelling out a number of obscenities.

Not us. Today, I would like to bring your attention to VIX. Even though various markets and/or sectors exhibit serious signs of strain, VIX is scraping the bottom of it’s two year trading range. In a nutshell, there is absolutely NO fear in the market. Should there be? Given today’s fundamental overvaluation levels, divergences, speculation and outright tightening…….we believe so.

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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