Mark J Lundeen
This week found the Dow Jones at the same spot as it did last week in the BEV chart below; at a new BEV Zero (new all-time high) as it advanced by 324 points during the week. The bulls must be feeling pretty good, as since November 1st ...
Nothing succeeds like success, so this week the Dow Jones made four new BEV Zeros. Wednesday was the odd man out, closing only $0.07 (seven pennies) from making a new all-time high. And how did the Dow Jones do for the week? It closed up 1...
What a tease the Dow Jones Index has become to the bulls; it closed the week only 0.04% from its last all-time high of last July, only eleven points short of making market history. It’s important to note the Federal Reserve cut its Fed...
Another week, but for the Dow Jones Index the song remains the same: so close yet so far from making a new all-time high. The Dow has remained above its BEV -7.5% line since last February, though in May and August it came down to test...
The Dow Jones continues running wild and free in its BEV chart below; eight months of going nowhere fast bounded between its BEV 0.00% and -7.50% lines. For all the effort it took to keep it between a new all-time high and only 7.5% away...
This past week the Dow Jones saw some action in its BEV chart below, an almost 5% decline from a head and shoulder top formation. But since mid-week the Dow Jones recovered to just short of 3% from its last all-time high of last July at...
Not much has changed with the Dow Jones or the broad stock market since the close of last week. Here’s the Dow Jones’ BEV chart below. I could have used last week’s chart.
At week’s end we find the Dow Jones Index with a bearish, picture-perfect head and shoulders technical formation. The left shoulder goes back to last April, the head in early July and the right shoulder at the close of the week. So, is the...
The close of the week found the Dow Jones -3.49% from its last all-time high of July in the BEV chart below. After weeks of the Dow Jones closing darn near the same distance from its last all-time high, this is getting pretty boring.
August 2019 is a tough market to comment on. All this week it appeared the stock market was successful in smoothing out the extreme volatility it’s seen in the past month. Then Friday (today) after just one tweet from President Trump on...
