Mark J Lundeen
This week, since entering scoring position in November 2023, in its BEV chart below (Red Rectangle), the Dow Jones made its fifty-seventh new all-time high. That is almost two years since the Dow Jones began a series of all-time highs (...
Friday was a big day for the stock market. Many stock indexes closed at, or very near a new all-time high. As for the Dow Jones (my proxy for the broad-stock market), at this week’s close, it saw its 56th BEV Zero, new all-time high in...
The Dow Jones, and most major-stock indexes continue trading near their all-time highs, but that doesn’t mean this is a legitimate bull market. Below is something by Gerald Celente, from King World News to keep in mind when thinking about...
The Dow Jones, since late June, has daily closed within scoring position; within 5% of its last all-time high of December 4th 2024. It has come really close to breaking into market history, by closing above last December’s 45,014.04. But...
Last week, July 25th, closed with the Dow Jones only 0.25% away from making a new all-time high, only $112 from its last all-time high of December 4th. This week, with its five consecutive daily declines, put an end to that possibility,...
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?
