Mark J Lundeen
The Dow Jones lacked one important item last week; a little excitement. In fact, that has been true for the past two weeks. That’s how it goes sometimes.
As always, we begin with a Bear Eye’s View (BEV) of the Dow Jones, with this BEV chart beginning in January 1982. What’s a BEV chart? It’s a view of a market’s price series where each new all-time high registers as a 0.00%, or a “BEV...
From last year’s March 23rd low (BEV -38%), two weeks ago the Dow Jones saw its 25th & 26th new all-time high (BEV Zero) in the BEV chart below, and this week the Dow Jones saw its 27th and 28th BEV Zero. This bull-market advance is...
Since I last wrote an article on the markets in mid-March, the Dow Jones has seen four new BEV Zeros in the BEV chart below, and was never more than 1.80% from these new all-time highs. That’s pretty bullish.
The Dow Jones made a BEV Zero on Wednesday last week, then closed the week down 1.17% from Wednesday’s all-time high. The Dow Jones has been in scoring position (within 5% of its last all-time high) since November 4th, scoring 22 new all-...
This week the Dow Jones saw three additional BEV Zeros (new all-time highs) for the post March 2020 advance, of which there are now twenty. The last time the Dow Jones was down more than 5% from its last all-time high was on November 4th...
The Dow Jones saw a little selling pressure this week; down on Tuesday, Wednesday and Thursday, but up on Monday and Friday. For the Dow Jones and most of the stock market (if not the NASDAQ Composite) I’d say this week was a net neutral.
I’m using my Bear’s Eye View chart (BEV - Two Charts Down) spanning from January 1982 to the close of this week to provide a full picture of the Dow Jones’ thirty-nine year advance. What makes this BEV chart so important? Because it was in...
The Dow Jones continues advancing into market history. So far in February it has made five new BEV Zeros (new all-time highs), its 12th to 16th since its low of March 23rd 2020. That was almost a year ago. In these eleven months the Dow...
Here’s the Bear’s Eye View (BEV) of the Dow Jones going back to 1885. What's the Bear's Eye View? It's how Mr Bear has looked at the Dow Jones since 1885, with every new all-time high registering as a 0.00% (or Bev Zero in BEV Lingo),...
