Mark J Lundeen
The Dow Jones (my proxy for the broad stock market) continues deflating. Last week the Dow Jones closed at a BEV of -21.54%, this week it closed at -35.12%, an additional 14 BEV points into what I believe will ultimately prove to be a...
What a wild week; I’m overwhelmed! In my articles I usually find a narrative theme with which to insert my graphics in. But this week the only theme that comes to mind is what an awful week it was – just awful. Come to think of it, that...
Can you believe it? After a week where the Dow Jones saw four days of extreme market volatility (Dow Jones 2% days), and the NYSE saw two days of extreme market breadth (NYSE 70% A-D days), the Dow Jones closed UP 455 points from last week...
At last week’s close, with the Dow Jones’ BEV value at -1.89%, I said I’d remain long-term bullish as long as the Dow Jones stayed above its BEV -7.5% line, or even if it remained in single-digits BEV values. As it turned out I could only...
The week closed with the Dow Jones Index down almost 2% from its last all-time high. Realize the bulls are only happy when the object of their affection is making new all-time highs, something the Dow Jones failed to do this week.
The Dow Jones is hugging its BEV Zero (0.00%) line in its BEV chart below, making a new all-time high on Wednesday, then closing the week a half point from this mid-week high. I expect more of the same for as far as the eye can see. And...
In BEV terms, last week found the Dow Jones closing 3.72% from its last all-time high of January 17th, or down 1,092 points. In my mind the stock market had the makings of a new correction, or at least a period of rest for the bulls. ...
It’s been awhile, but this week we saw some excitement that took the Dow Jones down to its BEV -3.75% line at Friday’s close. And being today was also the first Dow Jones 2% day since last August, a -2.09% day, most of this week’s decline...
For the past year the Dow Jones Index has been advancing off the bottom of an 18% correction, and has been daily closing at new all-time highs or within 5% of one. It’s good market action, but having to write market commentary on a market...
I’ve been missing-in-action for the past month, during which many interesting things have happened in the market, such as the Dow Jones making eight new all-time highs as it advanced 893 points since December 20th.
