Category: Daily update

Dow Theory Update for August 10th: Divergence and the Dow Theory

posted on: August 10, 2020

Case in point: Precious metals right now Caveat: I’m publishing this post before the close, so things might change. The Dow Theory has it that higher highs (lows) unconfirmed have no validity in signalling changes of trends. We also now that the principle of confirmation has more validity the longer the time frame. Thus, […]

Dow Theory Update for July 23: Are we nearing a secondary reaction in precious metals?

posted on: July 23, 2020

Is the time to (partially) unload nigh? Rhea, in his actual trading, tried to avoid as much as possible secondary reactions. He tried to unload near the end of a bull swing or at the very beginning of a secondary reaction with the hope (many times fulfilled) of replenishing his line at a lower price […]

Dow Theory Update for July 21: US stocks and US interest rates remain in primary bull market

posted on: July 21, 2020

Today the focus of this post is US stock indexes and US interest rates. As to precious metals, gold and silver, and their ETF miners continue making higher highs (at some point a secondary reaction will develop) and last week’s analysis remains unchanged. I am writing before the close, so things might change. Readers beware. […]

Dow Theory Update for July 13th, 2020: All primary and secondary trends in precious metals and their miners are now bullish

posted on: July 13, 2020

Trends for US stocks indices and US interest rates unchanged In this post, I will focus on the precious metals sector. From now on, and if time allows when being outside the realm of Schannep’s Dow Theory (more appropriately “the Dow Theory for the 21stCentury”), I’ll try to show two alternative appraisals of secondary reactions. […]

Dow Theory Special Issue: On the Dow to Gold ratio

posted on: June 27, 2020

Is it a good timing device? Since this blog deals with US Stocks and Gold, and prompted by a Subscriber of thedowtheory.com, today I’ll briefly discuss the Dow to Gold ratio and its usefulness as a timing device. You can find an explanation of the Dow to Gold ratio and an excellent interactive chart displaying […]

Dow Theory Update for June 22: Possible secondary reaction in SIL and GDX

posted on: June 22, 2020

Primary trends unchanged In this post, I will focus on SIL and GDX where I seem to discern a change of the secondary trend. As to the rest of the markets I monitor I see no changes and hence what I reported in my post of June 3rd, 2020remains unchanged. GOLD AND SILVER MINERS ETFs […]

Dow Theory Update for June 3: US stocks in a primary bull market under all Dow Theory flavors

posted on: June 3, 2020

Bullishness in precious metals and US interest rates unabated US STOCKS Schannep’s Dow Theory (more properly: The Dow Theory for the 21st Century) At 06/1/2020, the primary trend was bullish since April 6th, 2020, as was explained here The April 6th, 2020 Buy signal (caused by a Bull market definition) was not an […]

Dow Theory Update for May 15th: Bullishness in Precious Metals

posted on: May 16, 2020

Any way we measure secondary reactions both precious metals and their miners ETFs are in a primary bull market US STOCKS Schannep’s Dow Theory (more properly: The Dow Theory for the 21st Century) At 05/12/2020, the primary and secondary trend was bullish since April 6th, 2020 (bull market definition), as was explained in-depth here “Rhea’s /classical” […]

Dow Theory Update for April 25: Setup for a primary bull market signal in US stocks completed

posted on: April 25, 2020

Rhea’s letters (a real gem) available Excursus: I am reading Rhea’s “Dow Theory Comment” which is a collection of the letters he wrote to his subscribers from 1932 to 1934. I could get this rare collectible from Alanpuri Trading. Rhea’s “Dow Theory Comment” is the best companion to his book “The DowTheory”. I am […]

The Theory Update for April 18: Depending on how one appraises the secondary reaction SIL and GDX could be in a primary bull market since April 9th

posted on: April 18, 2020

Secondary (bullish) reaction for US stocks under the Classical Dow Theory I am polishing a relevant post concerning the appraisal of secondary reactions. As you know, the correct assessment of secondary reactions is vital as we derive the primary bull and bear market signals from them. The introductory post can be found here. Please […]

Dow Theory Update for April 8th: New bull market for US stocks signaled on April 6th, 2020

posted on: April 8, 2020

Should we consider the existence of a secondary reaction in precious metals and US interest rates? General remark: Even if you usually only read “US Stocks”, please read the sections concerning precious metals and US interest rates, since they contain several musings which I consider important in order to become more profitable (and drawdown contained) […]

Dow Theory Update for March 28th: Watch the S&P 500. If it rallied a little bit more a bull market would be signaled

posted on: March 28, 2020

Trends unchanged for all the markets I cover US STOCKS Under Schannep’s Dow Theory The primary trend is bearish since March 9th (penetration of the lows of the current secondary reaction) or even February 25th (alternative exit based on the penetration of the lows of the previously completed secondary reaction), as explained here. Of course, the […]