Mark J Lundeen
The Dow Jones Bear’s Eye View (BEV) chart below is so weird. Immediately after the November 8th Presidential elections, the Dow Jones Index leaped up to a new all-time high (0.00% / BEV Zero line) and has stayed within 1.21% of being a...
The Dow Jones continues rising like a bat out of hell. Of the past 72 NYSE trading sessions, the Dow Jones broke above to a new all-time high in 29 of them. That’s a new all-time high in 40.2% of the daily closings since November 9th. ...
Since November 10th the stock market has become an amazing machine relentlessly advancing ever upward. In the past sixty eight NYSE trading sessions the Dow Jones has closed at a new all-time high in twenty six of them. That’s 38% of the...
This week ended with the Dow Jones once again closing a new all-time high. Moreover as we see below, the Dow Jones and its step sum are forming a bull box. I don’t take divergences in an index to its step sum seriously until they’ve aged...
The Dow Jones Index is struggling to maintain its current lofty position. In its BEV chart below I circled the post November advance, and it has all the appearance of a strong advance. But remember; to Mr Bear each new all-time high (BEV...
Well, they finally did it! This week the bulls took the Dow Jones Index up to, and then closed above its 20K line on Wednesday, Thursday and Friday. Bravo Zulu to our horned brethren in the market.
It’s been a month (December 20th) since the Dow Jones Index last closed at an all-time high. And since January 6th, the Dow Jones is finding breaking above its 20K line a hard nut to crack. That’s not to say the Dow Jones won’t see a 20,...
I wasn’t going to write anything until next week, but reporting on the annual performance for gold and silver in the first week of the year is appropriate and timely. Publishing the following table has been an annual event in my work for...
Since the November election, the stock market has become an amazing thing. How amazing? The election was twenty-six trading days ago. The Dow Jones Index closed at new all-time highs on sixteen of them…with the last on Tuesday of this...
Just when you think you understand the rules of the game, someone changes them. I’m talking about the relationship between the Dow Jones Index and its trading volume. Last week I noted how since January 2000, the Dow Jones and its volume...
