Mark J Lundeen
As expected, the Dow Jones Index saw two new all-time highs the past week (Thursday and Friday). Just how much higher can the stock market go? On a point basis I really don’t know, could be enough to surprise me. But on a practical...
The Dow Jones Index closed the week just a whisker (35.27) from taking out its last all-time high from March 1st of this year. Looking at the Dow Jones and its step sum below, I expect we’ll see history being made next week, or the week...
Wednesday saw a bit of action in the stock market. The Dow Jones Index closed 1.78% (373 points) below Tuesday’s close. People following the stock market tend to focus on the points. Seeing the Dow Jones move down 373 points in a single...
Since its last all-time high seen on March 1st, the Dow Index has yet to break lower than -3.5% from it, or make a new all-time high. It’s a boring market. Something in me wants to see some excitement on Wall Street. But something else...
Following this market is an exercise in frustration. Last week, the Dow Jones Index appeared ready to roll over. I expected the Dow Jones to be closer to its -5% line than its -2.5% line at the close of this week. But as you can see the...
As seen in the Bear’s Eye View (BEV) chart below, the last all-time high for the Dow Jones Index happened on March 1st. Since then however, it’s been slowly deflating. The post-election run up in the Dow Jones (enclosed in the Red Circle...
If I were to choose one word to describe the current market, it would have to be tedious. The Dow Jones is no longer going up, but as we see in its BEV chart below, it’s really not going down either.
The Dow Jones Index made its last all-time high on March 1st, and since then its valuation has been slowly deflating. It closed this week only nine Dow Points away from breaking below its BEV -2.50% line in the chart below.
Last Friday promised some excitement for this week; what with the much anticipated interest rate increase by the FOMC and the Federal Government hitting its debt ceiling on Wednesday the 15th. Come this Friday evening, it was all much to...
The stock market, as measured by the Dow Jones Index seems to be at an inflection point. It hasn’t seen a new all-time high since March 1st. And for what it’s worth, trading volume (market demand) for the 30 blue-chip companies contained...
