Mark J Lundeen
For a change I thought I start off with a chart of the Dow Jones, in dollars, along with its 52Wh High & Low Lines. As seen below, this week (Monday to Wednesday), three times the Dow Jones pushed up its 52Wk High Line.
We’ve not seen a new all-time high (BEV Zero) for the Dow Jones, in its Bear Eye View chart below, since July 6th. However, the Dow Jones has daily closed inside of scoring position, above its BEV -5% line. Okay, so what?
This was a slow week in the market. Nothing dramatic happened. However, I sense a gradual deterioration in the stock market. The Dow Jones hasn’t seen a new all-time high since July 6th, not that there is anything wrong with that. In...
Since the Dow Jones entered scoring position in November 2023, it has generated ninety-five new all-time highs, or daily closes on the 0.00% line in its BEV chart below. The last on Monday, July 6th. All those new all-time highs have...
The Dow Jones this week made a new all-time high on Monday, but remained in scoring position for the rest of the week, within 1.40% of Monday’s BEV Zero. There are those who wished it made a few more BEV Zeros in its BEV chart below. But...
This will be a shorten article, as this week is America’s 4th of July Celebration, the day America declared its independence from the British Empire in 1776. No other event in human history had brought forth such wonderful developments...
The Dow Jones didn’t make a new all-time high this week. But everyday it closed ridiculously close to one, less than a half of a percent from one. So, what should we conclude from a week of trading like that? As we are looking at a Bear...
As usual, we begin with examining the Dow Jones’ Bear’s Eye View Chart, or the Dow Jones as Mr Bear understands it; in terms of new all-time highs (0.0% = BEV Zero), and the negative percentage claw-backs from those BEV Zeros.
Today’s IPO for SpaceX, reminds me of when AOL, a little e-mail company, swallowed massive Time Warner, head first and whole back in January 2000. AOL was a tiny internet company, with maybe six million subscribers.
It has been nine NYSE trading sessions since my last article, with seven of those closings with the Dow Jones at a new all-time high. Not bad. Also, since the Dow Jones entered scoring position in November 2023 below, two and a half...
