Mark J Lundeen
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...
The Dow Jones (my proxy for the broad stock market) continues deflating. Last week the Dow Jones closed at a BEV of -21.54%, this week it closed at -35.12%, an additional 14 BEV points into what I believe will ultimately prove to be a...
What a wild week; I’m overwhelmed! In my articles I usually find a narrative theme with which to insert my graphics in. But this week the only theme that comes to mind is what an awful week it was – just awful. Come to think of it, that...
Can you believe it? After a week where the Dow Jones saw four days of extreme market volatility (Dow Jones 2% days), and the NYSE saw two days of extreme market breadth (NYSE 70% A-D days), the Dow Jones closed UP 455 points from last week...
At last week’s close, with the Dow Jones’ BEV value at -1.89%, I said I’d remain long-term bullish as long as the Dow Jones stayed above its BEV -7.5% line, or even if it remained in single-digits BEV values. As it turned out I could only...
The week closed with the Dow Jones Index down almost 2% from its last all-time high. Realize the bulls are only happy when the object of their affection is making new all-time highs, something the Dow Jones failed to do this week.
The Dow Jones is hugging its BEV Zero (0.00%) line in its BEV chart below, making a new all-time high on Wednesday, then closing the week a half point from this mid-week high. I expect more of the same for as far as the eye can see. And...
In BEV terms, last week found the Dow Jones closing 3.72% from its last all-time high of January 17th, or down 1,092 points. In my mind the stock market had the makings of a new correction, or at least a period of rest for the bulls. ...
It’s been awhile, but this week we saw some excitement that took the Dow Jones down to its BEV -3.75% line at Friday’s close. And being today was also the first Dow Jones 2% day since last August, a -2.09% day, most of this week’s decline...
For the past year the Dow Jones Index has been advancing off the bottom of an 18% correction, and has been daily closing at new all-time highs or within 5% of one. It’s good market action, but having to write market commentary on a market...
