Mark J Lundeen
Gold and its step sum are looking pretty impressive. First a short step sum review from tail end of gold’s last bear market up through today. From January 1998 through 2001 I could have placed a bull box in the chart below.
This was the fourth week that saw days of extreme-market breadth and volatility; NYSE 70% A-D Days and Dow Jones 2% Days. Yes, this week they were positive days. They helped investors and CNBC commentators forget the trials and...
The Dow Jones Index managed to eke out an advance last week, but only by 105 points from the previous Friday’s close. The Dow Jones has been under tremendous selling pressure these past three weeks; the first three weeks of 2016. If the...
This week Mr Bear was on the job again, as seen in his report card below. At week’s close the 200 count is up to 12 and we see 3 Dow Jones 2% days in its eight day count. Since Charles Dow began publishing his stock average in 1885, you...
Since the first day of the New Year the stock market has had a difficult time. Why? Maybe a better question would be; how did the Dow Jones, my proxy for the general stock market, recovered to new all-time highs so soon after its March...
How goes the bull market in gold and silver? Believe it or not they are still in a bull market, though after the past three years I expect most people understand the current decline as a bear market. Either way doubts about the old...
On Wednesday I watched Janet Yellen on CNBC, (as usual with the volume muted) as she discussed “monetary policy.” CNBC provided a running commentary at the bottom of the screen with the two key points for everyone to take away from her...
The silver market has joined gold in a selling panic; a panic defined as a period of overwhelming down days, but not necessarily a period of crumbling prices. As with gold, it’s the silver bears panicking, not the bulls.
Last week I discussed the step-sum bull box forming in the gold market in which the price of gold either goes up or trends sideways as its step sum trends bearishly downward. A bull box is a bullish development in any market as its shows...
The step sum is a single item Advance – Decline Line using the daily closing prices of a market price series, but hourly or weekly data would work. Should gold, silver, or the Dow Jones close higher than yesterday’s close, it’s a +1....
