Mark J Lundeen
This was a big week in the market; lots of big events happening in the world with the potential to impact the markets.
This week the Dow Jones closed within scoring position, or within 5% from the Dow’s last all-time high every day, until Friday, where it closed with a BEV of -5.60%. This isn’t necessarily bad, but it certainly isn’t good. For a year,...
Before I begin my weekly market letter, I thought I’d give credit where credit is due. On Monday, January 31st of this week, for the first time the US National Debt broke above $30 trillion dollars. This achievement in malfeasance would...
Monday was an interesting day in the stock market, for what’s it’s worth – as reported by CNN Business. Monday, January 24th the Dow Jones saw another miraculous ascension. After the Dow Jones deflated 1,115 points from its previous close...
I thought I’d use the Dow Jones BEV chart plotting the entire bull market spanning from 1982 to the close of this week. In the past forty years, the Dow Jones has risen from around 700 in August 1982 to 36,799 just a few weeks ago. What...
The post 23-March-2020 flash crash advance continues. During my Christmas vacation, the Dow Jones made three new BEV Zeros in the chart below, numbers #51, 52 & 53, with #53 on January 4th. But before the Dow Jones did all that, it...
Looking at the Dow Jones’ BEV chart below, specifically the cluster of BEV Zeros for the post March 2020 flash-crash advance; slowly but surely things are changing. It’s been over a month since our last BEV Zero (November 8th). That plus...
Last week, it looked as if the bubble in the stock market could have popped. On Wednesday (December 1st) the Dow Jones closed with a BEV of -6.62%, well outside of scoring position.
This week, the Dow Jones closed below scoring position, more than 5% from an all-time high three times; on Tuesday, Wednesday and again on Friday. This is something that has not happened in the past year; three daily closes outside of...
The Dow Jones closed down from last week, but not by much. Which is a bit amazing, as in the last nine NYSE trading sessions, the Dow Jones closed up for the day in only two, and down for seven of them. And after two weeks of that, the...
