Category: Daily update

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 […]

Dow Theory Update for March 21st: Secular trend for US stocks turned bearish on March 21st, 2020

posted on: March 21, 2020

Primary and secondary trends unchanged for US stocks, US interest rates, precious metals and their ETFs miners unchanged 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 […]

Dow Theory Update for March 12th: Primary bear market for Precious Metals miners ETFs signaled yesterday

posted on: March 12, 2020

Trends for Gold and Silver, US stocks and US interest rates unchanged Excursus: Recent developments are contributing to further cementing my faith in trend following (when properly applied), and, in particular, the Dow Theory, and to remain impervious to many siren’s songs. I’ll give you one example. Last February 26th, I was perusing an economy […]

Dow Theory Update for March 10th: Primary bear market for US stocks signaled on March 9th

posted on: March 10, 2020

I am writing before the close. So readers beware. US STOCKS Under Schannep’s Dow Theory As I explained here, US stocks completed the setup for a primary bear market signal on March 4th. On 03/05/2020 the Transports penetrated the March 3thclosing lows unconfirmed. Hence, no signal. Yesterday, March 9th, the Industrials and the […]

Dow Theory Update for March 5: Setup for primary bear market signal completed on March 4th for US stocks

posted on: March 5, 2020

Gold and Silver were on the edge of a primary bear market signal US STOCKS Under Schannep’s Dow Theory The primary trend, signaled on 10/25/2019, remains bullish as was explained here and here. The secondary trend is bearish (secondary reaction against the primary bull market), as explained here Last Friday, February 28th, US stocks were […]