Category: Daily update

Bull market for the gold and silver miners ETFs (GDX & SIL) signaled on 6/2/25

Overview: The precious metals landscape has turned very bullish. Gold, silver, platinum, and even base metals like copper are trending strongly upward. GDX and SIL are no exception to this new trend. General Remarks: In this post, I provide an in-depth explanation of the rationale behind employing two alternative definitions to evaluate secondary reactions. SIL […]

Gold and Silver in Sync: The Bull Marches On

Silver Seals the Deal: Bull Market Reconfirmed Overview: On 6/5/25, silver broke above its 10/22/24 highs. It confirmed gold’s previous breakup on 1/30/25. Accordingly, the primary bull market has been confirmed. By the way, the recent price action of SLV and GLD offers a powerful reminder of how the principle of confirmation can protect you […]

Critical Juncture for Bonds: Bear Market Signal One Step Away

Set up for a potential bear market signal for TLT and IEF completed on 5/30/25 Overview: the most recent rally within an extended secondary (bearish) reaction has set up TLT and IEF for a potential primary bear market signal. The trend remains bullish to this day, but if the key prices I show in this […]

Dow Theory signal: Bear Market for Gold and Silver Miners triggered on 5/14/25

Overview: The easing of geopolitical tensions, a preliminary truce in the tariff wars, and some forced liquidations have pushed GDX and SIL into a new bear market. In contrast, gold and silver have remained more resilient and continue to trade within a primary bull market. General Remarks: In this post, I extensively elaborate on the […]

Breadth Thrust on April 24th 2025 increases the odds that the bottom is behind us

I reproduce a post on LinkedIn with some additions that I think is relevant to our readers. On April 24, 2025, a Zweig Breadth Thrust signal emerged, a rare and historically bullish indicator for the stock market. Skeptical of social media claims, I verified the signal using TradeStation, my trusted trading software, which confirmed the […]

Key Support Levels for Bitcoin—and the Ethereum Connection

I had the pleasure of joining Maurizio Pedrazzoli for a great interview on his YouTube channel.We analyzed Bitcoin’s trend using both daily and weekly charts and uncovered key support levels that must hold.We also discussed why, whether you like it or not, Ethereum is essential to truly understanding Bitcoin’s trend, and avoid false signals. A […]

Markets on the Edge: A Deep Dive with Andrew Horowitz & Manuel Blay

In our latest conversation, Andrew and I unpacked the recent market rollercoaster—driven by self-inflicted uncertainty and erratic swings. I shared insights drawn from Dow Theory, the recent S&P 500 decline, and what truly defines a valid rally. We also delved into the concept of capitulation, assessed the impact of today’s economic backdrop, and discussed how […]

Dow Theory Signals a New Bull Market in Bonds — Is It Predicting Lower Inflation or a Recession?

Overview: On April 4, 2025, following a strong rally driven by lower interest rates, the Dow Theory signaled the start of a new bull market in U.S. bonds. The key question now: What is the market anticipating? Is it pricing in lower inflation amid a soft landing—or something more concerning, like a recession-induced drop in […]

Setup for a potential primary bull market signal on TLT and IEF completed on 3/26/25

Overview: It appears that all markets are anticipating a new wave of liquidity is about to be released. Gold, stocks, and crypto are edging higher. Notably, even bonds, which have been mired in a bear market, have experienced a rally. To be clear: The “setup” is for a potential primary bull market signal. It is […]

Free Webinar: Applying The Dow Theory To Assess Market Trends

Secure your place NOW I’m honored to be joining renowned trader and analyst Dean Christians, CMT Christians of SentimenTrader.com for a special public webinar on March 26th, 2025, from 11:00 a.m. to 12:00 p.m. ET. In today’s turbulent market environment, this event promises to be a must-attend. It will offer a deep dive into sentiment, […]

Bull market for the gold and silver miners ETFs (GDX & SIL) signaled on 3/13/25

Overview: While most stocks are amid a severe correction, the gold and silver miners’ ETFs have shown remarkable strength, which, in my opinion, is proof that precious metals are poised for a big and sustainable run-up. The trend for gold and silver is also bullish. General Remarks: In this post, I extensively elaborate on the […]

Rory Guillen of Gillenmarkets.com, a long-time subscriber to our service, has just published a highly insightful article on the most recent Dow Theory for the 21st Century (DT21C) signal. You can read it HERE. The piece offers a clear and practical explanation of how to apply the DT21C, along with its strong track record of […]