Mark J Lundeen
Last week the Dow Jones broke into scoring position. This week? It kept itself in scoring position, but just barely. This advance lacks enthusiasm, the bulls lack the desire to charge into market history. I get the feeling they would just...
Last week I covered Barron’s Confidence Index (CI), the yield spread between Barron’s Best Grade (BG) & Intermediate Grade (IG) Bonds, where I noted yields for BG were always lower, as they offered lower risks to bond holders. So,...
For the first time since April 2022, the Dow Jones closed in scoring position; a close of something less than a BEV of -5.0%. That is good, even if doesn’t change a thing about how bearish I remain on the market.
At week’s close, the Dow Jones is looking good. Looking good as it has for the past eight months (Red Circle), just short of breaking into scoring position, having a BEV value of -4.99% or less, but advancing no more. Are the bulls worried...
As it was at this week’s close, the Dow Jones is again having difficulty rising above its BEV -5% line. It’s been like this for months now, as both bulls and bears on the market continue to hurry up, waiting for something to change.
The Dow Jones did good this week, but remains rangebound between its BEV -5% and -15% lines within the circle below, as it has been since November. Not much to say that hasn’t already been said for months now, until something new happens...
This week the Dow Jones was down from last week’s close, not so much that it would be noticeable in its BEV chart below. As it has since last November, the Dow Jones is range bound between its BEV -5% & -15% lines.
The Dow Jones closed up this week, making another approach to break above its BEV -5% line below, something it has failed to do since last November, in the circle below. But will it break above it this time?
Last week ended with a very strong advance on Friday. I was hoping there would be some follow through this week on last Friday’s advance, but that wasn’t to be. Still, the Dow Jones gained 114 points (0.34%) from last week, and that is...
Hot off the press; by the skin of our teeth, RINO Republicans and Commie Democrats came together yesterday to save the United States from default, one more time.
