Mark J Lundeen
The Dow Jones saw a little selling pressure this week; down on Tuesday, Wednesday and Thursday, but up on Monday and Friday. For the Dow Jones and most of the stock market (if not the NASDAQ Composite) I’d say this week was a net neutral.
I’m using my Bear’s Eye View chart (BEV - Two Charts Down) spanning from January 1982 to the close of this week to provide a full picture of the Dow Jones’ thirty-nine year advance. What makes this BEV chart so important? Because it was in...
The Dow Jones continues advancing into market history. So far in February it has made five new BEV Zeros (new all-time highs), its 12th to 16th since its low of March 23rd 2020. That was almost a year ago. In these eleven months the Dow...
Here’s the Bear’s Eye View (BEV) of the Dow Jones going back to 1885. What's the Bear's Eye View? It's how Mr Bear has looked at the Dow Jones since 1885, with every new all-time high registering as a 0.00% (or Bev Zero in BEV Lingo),...
Last week the Dow Jones closed down almost 4%, and I was seriously thinking of purchasing a few Russell 2K puts to profit from the coming double-digit percentage correction. This week closed with the Dow Jones just short of making its...
This week for the first time since the November 16th’s all-time high (aka: BEV Zero) the Dow Jones closed more than 3% from a BEV Zero, closing the week down 3.87% from January 20th BEV Zero. It was bound to happen, especially after two...
Since the Dow Jones declined to its BEV -10% level at the end of October, it’s been either advancing towards record territory, closing at new all-time highs (eleven so far since November 16th), or closing within 1% of a new all-time high...
During my holiday break the Dow Jones continued advancing. Not as if it were on fire, but it did make six new BEV Zeros in the BEV chart below, and remained within 1% of one every day since December 18th.
This week the Dow Jones saw its fourth post March 23rd bottom BEV Zero on Thursday, with the first of these four happening on November 16th. There is a pattern here; the Dow Jones goes on to a new all-time high, and then (or so far) it...
Since November 16th when the Dow Jones made its first BEV Zero since its -37.5% market bottom of last March, it has remained within 2.5% of its BEV Zero as well as making two additional new all-time highs. The current chaos resulting from...
