Mark J Lundeen
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...
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...
