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 A stock market investment newsletter

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2016 vs 2015

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Market Comment


Friday -- March 8, 2024

Dow Jones Industrial Average


The Dow Jones Industrial Average (DJIA) is composed of 30 of the biggest companies in
the U.S.A. 
Although, only 30 stocks, the investment community tends to rely on these
30 stocks for an idea of where the market is heading. 
Below is a list of the DOW 30
with the 52 week daily trading high and the percentage difference from that high


NEW ALL-TIME HIGH

Weekly Close -- 03/08/2024 38,722.69
-- Weekly closing difference -364.69 (-0.93%)
52 Week Closing high 02/23/2024 39,131.53 -- A discount from the 52 week high of -408.84 (-1.04%)
52 Week Closing Low -- 03/15/2023 31,430.00 -- A gain to the weekly close of 6259.54 (+19.92%)
Year End Close -- 12/31/2022 37,689.54
-- A difference to the weekly close of 1033.15 (+2.74%)


As of the close of last week the total of the Dow Jones Industrial Average of 30 stocks it's
were carrying an "average discount" from the 52 week "trading" high of (
-18.61%)
Previous weekly close (
-17.93%) Change  (-0.68%).

The record "low" discount is - 2.87% on 1/8/2010


The record "high" discount is - 52.76% on 11/20/08
Previous record high discounts

High Discount

Date set

- 38.82%

09/21/01

- 39.39%

10/09/02

- 46.49%

10/10/08

- 47.21%

10/24/08

- 49.96%

11/19/08


Closing under the -.20% discount is a near term bullish sign.

Also, looking at the chart below, closing under the -20% level would be near term cautious

The current trend started on November 22, 2022 at -20.31%

DOW 30 discount to the 52 week high



Dow Jones Industrial Average stocks

The table below shows the current price, the 52 week high and date of high,
the
% discount from the high and the
date the 52 week high will expire again!

EXPIRED LAST WEEK = Red -- NEW HIGH LAST WEEK = Blue
 
The Dow 30 stocks to reach a new 52 week high in 2023 are
AAPL - AXP - BA - CAT - IBM - MCD - MSFT - MRK - TRV - V - WMT
The bottom performer for 2022 was Wall Greens (WBA), -57.05%


The Dow 30 stocks to reach a new 52 week high in 2024 are
AMGN - AXP - CAT - IBM - JPM - MCD - MRK - MSFT - TRV - V -VZ - WMT
The bottom performer is Walgreens (WBA) -62.9% with Walt Disney (MMM) -55.06% in 2nd pl.

Dow 30 industrials

 

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