Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Stocks

New Bull Market for the Dow Industrials?

by December 1, 2022
December 1, 2022
New Bull Market for the Dow Industrials?

As of today, the Dow Jones Industrial Average has advanced to just over +20% from its October low, which by some standards means it has entered a new bull market. Does that mean that the worst is over and that the rest of the market will follow suit? Maybe.

A widely accepted rule is that, when a market index moves +20% from a bear market low, a new bull market has begun. And that is certainly the case for the Dow. Let us see if the other major indexes follow suit. The S&P 500/400/600 and NYSE Composite Indexes are up about +17%, and they could easily make the extra three percent. The Nasdaq 100 is only up +13%.

I personally think we are in a secular bear market, but secular bears can be interrupted by cyclical bull markets. Fundamentally, I think things are too screwed up for the secular bear to be over, but we shall see.

What prompted me to write this article is the following chart that you may have seen before. It shows that the secular 1929-1932 Bear Market consisted of six cyclical bear and five cyclical bull markets. I’m not saying that we are going to repeat this scenario, just demonstrating what can happen.

Conclusion: When we analyze the current bear market, we can see that it was lead by the big technology stocks, and the Dow isn’t burdened by as many of them, or their cap-weighting, as the broader indexes are. For this reason the Dow barely reached the -20% decline to qualify for a bear market, and it is now recovering faster as well. But it may be a mistake to expect the broader market indexes to match this progress.

Watch the latest episode of DecisionPoint on StockCharts TV’s YouTube channel here!

Technical Analysis is a windsock, not a crystal ball. –Carl Swenlin

(c) Copyright 2022 DecisionPoint.com

Helpful DecisionPoint Links:

DecisionPoint Alert Chart List

DecisionPoint Golden Cross/Silver Cross Index Chart List

DecisionPoint Sector Chart List

DecisionPoint Chart Gallery

Trend Models

Price Momentum Oscillator (PMO)

On Balance Volume

Swenlin Trading Oscillators (STO-B and STO-V)

ITBM and ITVM

SCTR Ranking

Bear Market Rules

DecisionPoint is not a registered investment advisor. Investment and trading decisions are solely your responsibility. DecisionPoint newsletters, blogs or website materials should NOT be interpreted as a recommendation or solicitation to buy or sell any security or to take any specific action.

0
FacebookTwitterGoogle +Pinterest
previous post
The Queen’s One Word Response To Prince Andrew’s Epstein Scandal Uncovered
next post
Elon Musk Meets With Apple CEO Tim Cook After Threatening ‘War’ Over App Store

You may also like

DP Trading Room: S&P “Ten” Leading the Market?

September 12, 2022

Seasonal Sector Investing in the Fall: Top Sectors...

July 16, 2024

Finding and Trading Oversold Conditions within Long-term Uptrends

November 4, 2024

The EarningsBeats.com Strategy For Uncovering The New Winners

February 11, 2024

Weekend Daily: The Biotech Sector Should Come Back...

September 23, 2022

Earnings Provide Another Nail in the Retail Coffin

August 28, 2024

Is Gold Headed for New, All-Time Highs?

July 27, 2023

Which is More Likely — SPX Over 4600...

September 9, 2023

Financials Primed to Beat Tech in December!

December 2, 2024

SPY Uptrend Intact, But Mixed Sector Rotation Signals...

February 20, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025
    • House witness flips script on Dem who ambushed him during hearing with unearthed tweet: ‘Iceberg is ahead’

      June 7, 2025
    • Call with China’s Xi, and Trump-Musk exchange fueled barbs during 20th week in office

      June 7, 2025
    • Trump’s conservative allies warn Congress faces critical ‘test’ with $9.4B spending cut proposal

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,568)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved