Mark J Lundeen
I had excellent timing for my vacation, with not much happening until this week; and what happened this week? On Monday’s close the Dow Jones came within 7% of its last all-time high (BEV Zero). What could go wrong and prevent the Dow...
This week (circle below) the Dow Jones’ daily closes were within 1.30% of each other, as the 24,750 line of resistance held against the bulls’ second assault against it in a month.
The Dow Jones is on the rebound from its March 23rd BEV -37.5% bottom; the bottom of one, if not the steepest percentage decline in Dow Jones history. So far its BEV 17.5% line in the BEV chart below has been the first line of resistance...
Some may look at the chart below comparing our present market decline to that of the Great Depression’s Dow Jones bear market and see an element of hyperbole in it. But before this bear market sees its ultimate bottom, I won’t be the only...
The week closed with the Dow Jones’ BEV -17.5% line of resistance holding, though on Wednesday the Dow Jones did close above this critical level, for a few hours anyway. Friday’s close found the Dow Jones at its lows for the week. But...
Since the Dow Jones’ March 2009 bottom, its BEV -17.5% line has been a critical level of support. In autumn 2011 the Dow Jones failed to break below it, and in December 2018 when the Dow Jones did break it, it closed below this critical...
Here’s a blast from the past: "The Fed could support the stock market directly by buying market averages in the futures market, thus stabilizing the market as a whole. --- The stock market is certainly not too big for the Fed to handle...
Week #7 for the 2020 – 202_ bear market was the abbreviated Passover / Easter trading week, and found the stock market closing -19.74% from its last BEV Zero in the Dow Jones’ BEV chart below. So far the bottom of this bear market was on...
Usually I begin my weekly articles with a chart of the Dow Jones; but not this week! This week the Federal Reserve’s “monetary policy” takes top billing as its weekly change in US Treasury Debt Holdings’ * 10Wk Moving Average * went from...
Let’s begin this week with the daily bars chart for the Dow Jones. What’s there to say except since February 21st, market volatility has become historic. This week from Monday’s close to the close of Thursday (the high of the week) the...
