Mark J Lundeen
For the Dow Jones, the story remains the same; while not roaring into historic territory, it’s not crashing down either. Closing the week with a BEV of -0.88%, the Dow Jones is comfortably in scoring position for making a new BEV Zero. ...
This week I thought I’d start off covering my Bear’s Eye View (BEV) charting technique with a little more detail than I usually do for the benefit of my new readers. For my regular readers, an occasional refreshment on this technique is...
Last week, I was concerned the stock market was at a critical juncture, that maybe Mr Bear was coming back to have his way with the Dow Jones. What difference a week can make, or in the case of the Dow Jones’ BEV -5% line below, what...
This week the Dow Jones closed with a BEV Value of -4.28%. It hasn’t seen a BEV value this low since November 4th when it last closed outside of scoring position with a BEV Value of -5.77%. That’s over seven months ago. Seven months in...
It’s been twenty-four NYSE trading sessions since the Dow Jones saw its last BEV Zero on May 7th. It could be better. Then it could also be worse, after all since May 7th the lowest daily closing BEV value seen by the Dow Jones was only -3...
This week closed with the Dow Jones’ BEV at -0.06%. In dollar terms the Dow Jones has to advance only twenty-two dollars to once again make market history with a new all-time high. That will be BEV Zero (0.00%) #30 seen below since its...
The Dow Jones made no new BEV Zeros this week, closing Friday 1.14% from its all-time high of last Friday. On Wednesday this week it declined 3.42% from last Friday, before recovering later in the week. None of this is startling to the...
This week the market saw lots of excitement, like the Dow Jones seeing three new BEV Zeros from Wednesday to Friday. These three new all-time highs pushed the Dow Jones up 903 points, or 2.67% above last week’s close.
The Dow Jones lacked one important item last week; a little excitement. In fact, that has been true for the past two weeks. That’s how it goes sometimes.
As always, we begin with a Bear Eye’s View (BEV) of the Dow Jones, with this BEV chart beginning in January 1982. What’s a BEV chart? It’s a view of a market’s price series where each new all-time high registers as a 0.00%, or a “BEV...
