Mark J Lundeen
This was a slow week. It’s difficult writing something interesting about mostly nothing, but I’ll give it my best shot. Nothing much happened with the Dow Jones this week; down by 54.31 from last Friday’s close. A decline barely visible...
For the first time in 2022, the FOMC is on track to drain $40 billion from their balance sheet for the month of August. In the table below, dates are Barron’s issue dates. So, the week of August 1st was actually the last week of July. ...
The market this week was a bit on the boring side, but that is how things on Wall Street usually go. Following the market is much like following a daily soap opera on television. Not every episode is exciting, but you have to see most...
This week, the Dow Jones closed above its BEV -15% line in its Bear’s Eye View Chart below. I guess that is something to be appreciated, because the day the Dow Jones breaks below its lows of March 2020 below, we’ll all live in a very...
This week the Dow Jones closed with a BEV of -15.50%, not yet breaking below its BEV -20% line in this market decline. Who knows, maybe it won’t. Maybe it will now turn around and go on to new BEV Zeros below, taking the rest of the...
Last week saw the Dow Jones close just 1.23% away from breaking below its BEV -20% line below, and the bulls knew not what to do. This week, the financial markets saw a nice bounce resulting in the Dow Jones closing above its BEV -15%...
There is no polite way of saying it; the Dow Jones, and the rest of the stock market’s major market indexes appear to be entering a new phase of deflation. The week ended with the Dow Jones only 2.24% from breaking its BEV -20% line below...
This week closed with the Dow Jones’s BEV at -14.69%. Which comes close to answering the question I posed last week; which BEV line does the Dow Jones break next; its BEV -5% or BEV -15%? Its BEV -15% line I’m expecting to come next. The...
It’s been 104 NYSE trading sessions since the Dow Jones had seen its last BEV Zero in its BEV chart below (04 January 2022). Since then, the Dow Jones broke below its BEV -15% line on the 19th & 20th of May. Then, in the past week it...
Last week was a frustrating one for me. I had to reconstruct, from scratch, an important and frequently used file in Excel. I like what Excel does for me, but it has some really annoying quirks in it that somehow never get corrected with...
