Mark J Lundeen
In this week’s performance table, precious metal assets remain in the top three spots, as they have for months now. Silver is up by 58.17% since November 2021, far above any major-stock index, with the exception of the XAU.
This was a very slow week for anything I follow in the market. So, I thought I’d review my Bear’s Eye View (BEV) charting technique for new readers of my articles. First, why would a new charting technique be needed?
On Thursday this week, the Dow Jones closed within 1% of making a new all-time high in its BEV chart below, with a BEV of -0.81%, to then pullback from a new BEV Zero on Friday, closing the week with a BEV of -1.43%.
As the United States is having its 4th of July national holiday next week, I’m going to take next week off. The Good Lord willing, I’ll be back two weeks from now.
This week, once again the Dow Jones’ BEV -5% line (42,763) proved to be a no-go zone for the bulls. When was the last day the Dow Jones closed in scoring position, above its BEV -5% line?
This week, the Dow Jones was once again offered an opportunity to display some market strength, and once again it failed to rise to the occasion. For three days, Tuesday to Thursday, the Dow Jones closed in scoring position (BEVs spanning...
I thought I’d start this week off a bit differently, so I’m beginning with my Dow Jones to Gold Ratio chart. This chart illustrates how since the dollar’s link to its $35 gold peg was broken in August 1971, the Dow Jones and gold, have...
Last week, the Dow Jones closed at its BEV -5% line, in its Bear’s Eye View (BEV) chart below. At the time, I said if the Dow Jones is in a bull market, it will advance into scoring position, above its BEV -5% line, if not, it would back...
At week’s end, the Dow Jones was only 0.25% from closing in scoring position, closing above its BEV -5% line in the chart below. This is important, as with the Bear’s Eye View (BEV), it is from scoring position that all bull-market...
At this week’s close, I’m wondering what the market has instore for the Dow Jones below. The Dow Jones closed above its BEV -10% line on April 29th, nine NYSE trading sessions ago, and has since managed only to keep above it, refusing to...
