NEW YORK (TheStreet) -- With the S&P 500 Trust Series ETF (SPY - Get Report) down five out of the last six trading days, it would appear that the stock indexes are set for a move higher heading into the jobs report on Friday.
The DJIA was down 106.47 points on Wednesday to close at 18,096.90 and the S&P 500 was lower by 9.25 to close at 2,098.53. The Nasdaq lost 12.75 points to finish at 4,967.14 and the Russell 200 lost 4.03 to close at 1,230.72.
The SPY volume once again traded over 106 million shares on a down day. There is a pattern here with down days versus up days. This stock market may at the "end of the rainbow" in 2015 versus the beginning of the rainbow. There are many anecdotal pieces of evidence that have been alluded to in these columns that suggest traders and investors need to be extremely cautious going forward.
Mark Cuban, Dallas Mavericks owner and the founder of Broadcast.com during the dot-com era, recently tweeted that he was about to write a blog post explaining why the tech bubble today is far worse than the tech bubble that burst 15 years ago. That does not mean that the stock market is going to crash tomorrow. But traders and investors need to start preparing for the next major move in the stock market.
So, start now to prepare yourself.