Mark J Lundeen
I’m back from my three-week vacation, three weeks where the market began feeling Mr. Bear’s hot breath on the back of its neck in late December, to now where people can once again anticipate new all-time highs in the Dow Jones Index.
Mr Bear has begun clawing back inflated market valuations in the stock market. The Dow Jones has deflated by over 6% since last Friday’s close; everyone can see Mr Bear’s handy work in the BEV chart below.
Do you see what I see in the Bear’s Eye View chart below? The Dow Jones’ last BEV Zero (last all-time high) was on October 3rd; and for the first time since October 3rd the Dow Jones broke down below its BEV -10% line. It goes without...
What a week for Mr Bear! Oh, the Dow Jones Index closed 9.09% from its last all-time high of October 3rd. That by itself isn’t a concern of mine. As seen below, since last January the Dow Jones Index has seen lower levels in the BEV chart.
I last wrote an article on Friday November 9th as the Dow Jones closed with a value of -3.13% in the BEV chart below. Three Friday’s later and the Dow Jones closed today with a value of -4.81%. Not much of a difference, until we note...
The Dow Jones saw some action this week. Wednesday, the day after the mid-term elections it advanced by 2.13% from its previous day’s closing price, our fourth day of extreme volatility since early October. Everyone was happy about the...
Deflation seems to be the primary theme in the market as we come to the end of October. The last time the Dow Jones saw its BEV value at -8% was in early July of this year (BEV chart below). It took fifty-three NYSE trading sessions for...
Extreme volatility (Dow Jones 2% Days) continues being a major feature in the market; Tuesday of this week saw the Dow Jones close 2.17% above the previous day’s close. Yes this was a big daily gain, but big daily percentage gains are...
Do you want to see something really ugly? Look no farther than the daily bar chart for the Dow Jones below. Yep, Mr Bear was a bad bear this week! Jeeze Louise, the Dow Jones saw two new all-time highs last week yet closed this week down...
This week the Dow Jones Index on Tuesday and Wednesday closed at all-time highs. That makes four new BEV Zeros in the BEV chart below in the past ten trading days, and that’s something I can’t complain about.
