Mark J Lundeen
I had some personal matters to attend to this week; that plus nothing much had happened this week in the markets to write about, so this article will be shorter than usual.
The Dow Jones Index has finally broken above its BEV -5% line in the Bear’s Eye View chart below, closing the week only 4.38% from making a new BEV Zero, (new all-time high). The bulls deserve a big Bravo Zulu for forcing me to change the...
This week’s market commentary, as it has been for the past few months is tedious. But that isn’t my fault. What’s to say about a market which since early March has been four months of hurrying up and waiting? Waiting for what?
What a week I’ve had. Barron’s ceased its internet publication of much of its market data. They still do some in a digital format, but after I called them on Monday morning the really good stuff like the Dow Jones Total Market Groups,
Last week the Dow Jones Index closed with its BEV value at around -7.5% and I wondered whether it would first breach its BEV -5% or -10% line. Five trading days later it appears the -10% line is next, and what follows after that?
The Dow Jones Index is having a problem with its BEV -5% line, (25,285) in the chart below. It easily broke above it on February 26th (Red Circle), closing the day at -3.41%. However, that advance was short lived. Then again in early March...
I thought I’d start out with the Dow Jones’ Bear’s Eye View (BEV) chart going back to 1885 showing every bear market decline of the past one hundred thirty-three years. This week ended with the Dow Jones 5.73% from its last all-time high...
The Dow Jones Index closed the week with its BEV plot under -5% for the first time since early March. This is no small thing for the bulls, seeing the Dow’s BEV plot rising towards its BEV Zero (0.00%) line from the -11.53% it made on...
The week closed with the Dow Jones Index down 6.71% from its last all-time high in the BEV chart below. How hard would it be for it to make a new all-time high from here? Not very hard one would think, but I don’t have a horse running in...
The Dow Jones Index on Wednesday broke down to double digits in the BEV chart below (-10.11% / 23,924). I was wondering if this was the week the Dow Jones was going to take out its -11.58% (23,533) from March 23rd. But Friday came leaving...
