Mark J Lundeen
Late summer is usually a boring period in the market, and this year is proving to be no exception. As seen in the Bear’s Eye View (BEV) chart below, since early July the venerable Dow has made nine new all-time highs (BEV Zeros). Moreover...
On Thursday of this week, the Dow Jones made a new all-time high, its eighth since July 12th. Looking at the Dow Jones with its 52Wk High and Low lines below, we see its 52Wk High Line (Green plot) has been pushed above 18,500.
The last all-time high for the Dow Jones (BEV Zero in the chart below) was a few weeks ago on July 20th. As per the table on the chart, the Dow ended the week not far from making another. It could do so next week, and then may not.
Two weeks ago the Dow Jones Index made seven consecutive new all-time highs. Since then the market has been digesting these new BEV Zeros with the Dow closing never more than 1.00% from its last all-time high. Are there more BEV Zeros to...
I’ve been away for a few weeks, during which the Dow Jones Index managed to make six consecutive new all-time highs (July 12-20) in the BEV Chart below. It ended the week only 0.13% from making the seventh. I didn’t believe the venerable...
What does “real money” mean to you? To many of my readers, I suspect real money would be gold and silver coinage backing the paper money in circulation. But to politicians and economists, it means something completely different:
Bravo Zulu to the people of Great Britain for deciding to kick those worthless EU bureaucrats out of their lives. Though from what I’ve read, it seems Scotland in the main voted to stay in the EU. I’m not surprised. Since the 13th...
Something interesting happened on Friday; trading volume exploded on a decline in the Dow Jones. In the BEV chart below I inserted the daily trading volume (mils) for the Dow Jones instead of the usual BEV values to highlight what...
I haven’t published this Bear’s Eye View (BEV) chart for the Dow Jones since last February. Therefore, it’s time for a review. Here’s the frequency distribution for the below BEV series (left table) with a frequency distribution of the...
Nothing much happened in the stock market this past week. The Dow Jones managed to stay close to its BEV -2.5% line for the past six days. Though there were a couple of days that saw the venerable index declined into the triple digits, but...
