Mark J Lundeen
Two Friday’s ago, (January 26th) the Dow Jones made its latest BEV Zero, new all-time high. Nine trading days later (Thursday Feb 8th) it broke below its BEV -10% line in a very dramatic fashion.
Mr Bear was a very bad bear this week. In his report card below we see two extreme days, one of volatility (Dow Jones 2% day) and a day of extreme market breadth (NYSE 70% A-D day).
This week the Dow Jones closed at new all-time highs every day except for Tuesday; the 96th to 99th since the November 2016 presidential election. Of January’s eighteen NYSE trading sessions, eleven of them closed with the Dow Jones at a...
As far as the market trends I usually follow went this week, nothing new in the broad stock or precious metals markets, more of the same old stuff. The Dow Jones made another new all-time high on Wednesday, the 95th since the November 2016...
It doesn’t look like it in the Dow Jones’ Bear’s Eye View (BEV) chart below, but in the past three weeks the venerable Dow has increased 1,100 points (4.39%). Three Fridays ago the Dow Jones closed with a 24K handle. Two weeks later it has...
Unless something big happens, this is my last article for 2017. I plan to submit my next for the weekend of January 13-14. I don’t expect my readers will be missing much during my break. Until the financial markets begin upchucking the “...
Once again, the Dow Jones closed the week at a new all-time high, another BEV Zero in the Bear’s Eye View chart below. That makes 82 new all-time highs since last November’s presidential election. That’s 30% of the Dow Jones’ daily...
Back From My two Week Break And Nothing Much Has Changed: Dow Jones Index continues advancing. Gold is range bound at current levels since the beginning of October. The Dow Jones broke above 24,000 this week on Thursday. It was trading in...
The week ended with the Dow Jones Index closing down on Thursday and Friday. Still the week closed with the Dow Jones only 0.60% below its last all-time high made on Wednesday, far from its BEV -5% line seen in the BEV chart below....
Not much new with the stock market this week. With the market advancing that isn’t bad news. Last week the Dow Jones closed at new all-highs on each day, but did so only on Tuesday this week. Still on a weekly basis, the Dow Jones found...
