Mark J Lundeen
Slowly, but surely, the Dow Jones is headed down. That isn’t saying it couldn’t turn around, and begin going up again. But if it does turn around, and you can depend that at some point it will, you have to ask yourself a question; are we...
This week the Dow Jones closed with its BEV value closer to the -10% line than its -5% line in its BEV chart below. What to think about that? Well, it hasn’t seen a double-digit BEV value since June 1st, and then the Dow Jones hasn’t...
It’s been three weeks since I last commentated on the Dow Jones’ BEV chart below, and not much has changed. Now in late September, as 2023 approaches its conclusion, maybe that is the story of the stock market. That since March, the Dow...
The Dow Jones closed the week just short of closing in scoring position (-0.01% to -4.99%). Looking at the Dow Jones from its lows of last autumn (chart below), its upward trend remains intact. But that isn’t the same as saying the Dow...
Considering everything, seeing the Dow Jones close the week at a BEV of -6.67%, while not in scoring position, it didn’t close below its BEV -10% line either, so that was pretty good. After fifteen months of the idiots “draining liquidity...
Last week with a BEV of -4.13%, the Dow Jones closed in scoring position. This week it gapped down to a BEV of -6.32%, which isn’t in scoring position. Is this just a correction, a pause that refreshes before the Dow Jones once again makes...
This week the Dow Jones closed in scoring position, just barely. Not much to say about the stock market when the bulls are less than 5% away from making a new all-time high, and don’t seem motivated enough to make that happen.
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.
