Mark J Lundeen
If you’re bullish on the stock market, you should notice the Dow Jones’ BEV plot below has been trending the wrong way for the past month. At week’s end the Dow closed 4.24% below the red BEV Zero Line; 4.24% below its last all-time high...
When I last published this Bear’s Eye View of the Dow Jones Index a few weeks ago, it appeared the Dow Jones Index would be making a new all-time high sometime in early May. On April 20th it was only 1.18% from last May’s BEV Zero, or the...
I intended to take a few weeks off. However, as the Dow Jones Index closed the week up only 1.69%, just three hundred points from making a new all-time high, I was motivated to make a few comments on the stock market.
Nothing significant happened last week on Wall Street. The Dow Jones chart below looks identical to the one I could have published last week. And as we haven’t seen any days of extreme market volatility since March 1st , the Dow Jones’...
The gold market has been under considerable pressure recently from the “policy makers.” Gold’s step sum has dropped a net of six down days since March 7th, but despite all that selling, the price of gold has been holding up pretty well.
Some positive developments for gold at the COMEX need to be noted. Since January 29th Open Interest surged 137,249 contracts (Blue Plot) without retarding the advance in the price of gold (Red Plot) as much as it would have in the past.
Boring is how I’d describe the stock market last week. The last day of extreme market volatility (Dow Jones 2% day) occurred on March 1st and we haven’t seen a day of extreme market breadth (NYSE 70% A-D Day) since January 29th. However...
Gold and silver markets showed serious disrespect to Fed Chair Janet Yellen while she was speaking on “monetary policy” Wednesday on CNBC. I couldn’t say exactly what happened, but I liked it.
How’s the bear market going? Haven’t you’ve heard? Nothing but blue skies and sunshine ahead as far as the eye can see. Hard to believe, yes, but I still can’t argue that the stock market hasn’t been performing better than it was in...
Mr Bear treated us to another day of extreme volatility on Tuesday. Although it was a positive day, that doesn’t really matter as the Dow Jones 200 count (the number of days the Dow Jones moves more than +/- 2% from a previous day’s close...
