Mark J Lundeen
The Dow Jones continues making new all-time highs / BEV Zeros; four more this week. I’m not going to argue with success, the stock market is going up, or at least the Dow Jones is, as well as some of the other major-market indexes.
Since December 13th, to the close of this week, the Dow Jones has seen its twelfth BEV Zero (0.00% / new all-time high) of its current advance seen below (Red Circle), with three of those BEV Zeros made just this week. This is a hot...
The Dow Jones closed the week at a new all-time high. This wasn’t its first, since the 12th of December, the Dow Jones has been rising to new all-time highs, or BEV Zeros in the Bear’s Eye View chart below (Red Circle). In this advance...
As always, I’m starting with a BEV View of the Dow Jones. The Dow Jones closed the week with a BEV of -0.46%, or only 0.46% away from its last all-time high.
This week, the Dow Jones in its BEV chart below closed above last week’s close, by 0.01% BEV points, or up $2.37 from last week. Not much of an advance, but it wasn’t a decline either. So, we’re only 1.50% BEV points from the Dow Jones’...
What a difference two weeks can make in the market! Not all that long ago, I was trashing the old-tired bulls on Wall Street for not having what it took to have the Dow Jones close in scoring position (BEVs from -0.01% to -4.99%). I take...
I kept saying it’s going down. But damn it, it keeps going up. I’m talking about the Dow Jones in its BEV chart below. So, what’s wrong? Clearly, it’s a case of; when you finally figure out the rules in the market, someone else always...
The last time the Dow Jones closed in scoring position, was in mid-August. With this week’s BEV close of -6.84%, the Dow Jones isn’t far from closing in scoring position again. Will it do so again? To answer that question, I’m going to...
The stock market was remarkably strong this week; five daily advances that lifted the Dow Jones up by 4.47BEV points in the chart below, or 1,644 points since last Friday. I’m not going to argue with success, it was a very good week for...
The current downtrend in the Dow Jones began on August 7th, and for the past two, almost three months it’s been all downhill. Not an avalanche, but so far, a relentless deflation in valuation that has now taken the Dow Jones below its BEV...
