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NEW YORK (TheStreet) -- The stock market on Friday closed the week on a high note. After a jobs report that was less than expected, the DJIA closed at the highs of the day, up 67.78 points to finish at 17137.36 while the S&P 500 closed up 10.06 at 2007.71. The Nasdaq was higher by 20.61 at 4582.90 and the Russell 2000 finished at 1170.13, up 2.92.

The S&P 500 Trust Series ETF (SPY) - Get SPDR S&P 500 ETF Trust Report has now closed up for five consecutive weeks. That has not happened since November 2013. The same holds true for the DowJones Industrial Average ETF (DIA) - Get SPDR Dow Jones Industrial Average ETF Report and the PowerShares QQQTrust Series 1 (QQQ) - Get PowerShares QQQ Trust Ser 1 Report . During that time, the SPY was up 4%, the DIA up 3.6% and the QQQ up 5.3%. Even though the IShares Russell 2000 Index Fund ETF (IWM) - Get iShares Russell 2000 ETF Report was down for the week, it is still up 3.6% during that same five-week period.

In other words, this bubblicious market keeps on getting bigger and bigger.

According to my internal algorithm indicators, there is a massive negative daily and weekly divergence going on under the surface of the S&P 500 index. Very simply, there are no soldiers behind this move to all-time closing highs. The cavalry has long left the party.

I cannot tell you when the avalanche to the downside is coming, but I can tell you that traders should prepare themselves. It will happen sooner rather than later.

This is, in many ways, the most epic bubble in stock market history. More so than the bubble of 2000.

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It continues to be propelled by the Federal Reserve. I am sure it was not accident on Friday when, in the last 30 minutes of trading, Fed Governor Eric Rosengren said that we must be patient in removing stimulus. Translation: The Fed is not going to raise interest rates because they are all doves with no backbone. I am on record of saying that we will see QE4 in the first quarter of 2015.

Nobody is expecting to see a new round of QE. I am in the minority on that issue and welcome that. I believe a new round of QE will be the beginning of the loss in confidence of the Federal Reserve and that will be the start of the avalanche to the downside.

I know what I see and I know what my indicators are telling me. We cannot continue to have a market with massive negative divergences and turn the other cheek. I will stay in cash and do selective shorting and buying when my algorithm numbers signal

On Friday, I sold some of my Direxion Small Cap Bear 3x (TZA) - Get Direxion Daily Small Cap Bear 3x Shares Report in the pre-market for nearly 2% gain. I covered my Hormel Foods (HRL) - Get Hormel Foods Corporation Report on Thursday for a gain. I covered my TeleNav (TNA) - Get Direxion Daily Small Cap Bull 3x Shares Report short on Friday for a nearly 2% gain but also added the short back at the end of the day as it turned green with a 100 algo number. I also started Restoration Hardware (RH) - Get RH Report long.

At the time of publication, the author was long TZA and RH and short TNAV, although positions may change at any time.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.