Category: Daily update

Dow Theory Update for October 9: The primary bull market for US stocks signaled on Oct. 7 unambiguously confirmed

posted on: October 9, 2015

Trends in precious metals unchanged Yesterday, I acknowledged that a primary bull market had been signaled. However, I acknowledge it grudgingly, as the S&P 500 just exceeded its September 16th closing highs by a hair and the SPY was lagging behind. Based on that, I gave a list of technical reasons that might advocate for […]

Dow Theory Update for October 8: Primary bull market signaled for US Stocks on Oct. 7

posted on: October 8, 2015

At least theoretically, as it has been a very dubious signal. The S&P 500 closing high of September 16th, 2015 was 1995.31. Yesterday, October 7th, the S&P 500 closed above such a closing high by closing at 1995.83. Thus, the S&P 500 managed by a hair to exceed the closing highs of the secondary reaction, […]

Dow Theory Update for October 5: Primary bull market for mining stocks and Chinese stocks signaled today

posted on: October 5, 2015

Secondary trends changed (bullishly) in gold and silver Well, it seems that trends in all markets are changing. Today there is plenty of information to digest. Stocks (both US and Chinese) undergoing a secondary reaction against a primary bear market. I apologize to my readers for not having given updates as to the secondary reactions, […]

Dow Theory Update for September 23: US Stocks set up for primary bull market

posted on: September 23, 2015

On September 22nd, both the SPY and the Transports declined by more than 3%. The SPY declined -3.13% and the Transports -3.88%. Today such declines have been extended. The Industrials failed yesterday and today to decline by more than 3%. However, as per Schannep’s Dow Theory, it suffices with just one index to decline more […]

Dow Theory Update for September 19: Stocks on secondary (bullish) reaction since Sep 16th

posted on: September 18, 2015

Primary Trends unchanged US STOCKS The primary trend is bearish, as was explained here and here. On 9/16/2015 the SPY and the Industrials bettered its 08/27/2015 closing highs, and hence confirmed the Transports which had already done so some days ago. All in all, on 9/16/2015: a) The three indices we monitor had […]

Dow Theory Update for August 21 (II): More about the primary bear market signaled for US stocks at the close of August 20

posted on: August 21, 2015

Some hours before, I wrote that yesterday, as per my reading of the Dow Theory (which is Schannep’s with some minor quirks) a primary bear market was signaled. Let’s delve further into it. Here you have an updated chart: Anatomy of a primary bear market signal. As you can see, on the left side of […]

Dow Theory Update for August 21: Primary bear market for stocks (as per my Reading) signaled on August 20

posted on: August 21, 2015

I am writing before the open of August 21st. I hope to be able to post later today, and give you more ample information as to the new primary bear market in US Stocks. Sincerely, The Dow Theorist

Dow Theory Update for August 19: Lessons learned from the Chinese stock market crash (I)

posted on: August 19, 2015

Trends unchanged. This post was overdue, but time was scarce. While I am an ardent believer in the Dow Theory (of any persuasion whatsoever), I try not to be a fool. The Dow Theory is, in my opinion, the best mean to extract out performance and diminish drawdowns, providedthe market obliges. By an “obliging” market, […]

Dow Theory Update for August 5: No primary bear market signal for US Stocks (yet or never)

posted on: August 5, 2015

Trends unchanged for US Stocks and gold universe US STOCKS The primary trend remains bullish, as explained here and here. The secondary trend is bearish (secondary reaction against the primary bull market), as explained here. http://www.dowtheoryinvestment.com/2015/07/dow-theory-update-for-july-1-dissecting.html All indices rallied more than 3% off their July 8th closing lows. So now either: a) Stocks jointly violate […]

Dow Theory Update for July 29: Lessons (re)learned from the precious metals universe and Chinese stocks

posted on: July 29, 2015

Trends remain unchanged US STOCKS The primary trend remains bullish, as explained here and here. The secondary trend is bearish (secondary reaction against the primary bull market), as explained here. http://www.dowtheoryinvestment.com/2015/07/dow-theory-update-for-july-1-dissecting.html All indices rallied more than 3% off their July 8th closing lows. So now either: a) Stocks jointly violate their secondary reaction lows, in […]

Dow Theory Update for July 15: Primary bear market for (paper) Gold and silver signaled today

posted on: July 15, 2015

I don’t have much time to blog today. However, take my word for it: GLD by violating March 17, 2015 closing lows has signaled a primary bear market today. Thus, the entire precious metals universe (and their gold and silver miners ETFs) is in a bearish mode. The primary trend for stocks remains bullish, albeit […]

Dow Theory Update for July 13: US Stocks set up for primary bear market

posted on: July 13, 2015

Trends unchanged US STOCKS The primary trend remains bullish, as explained here and here. The secondary trend is bearish (secondary reaction against the primary bull market), as explained here. http://www.dowtheoryinvestment.com/2015/07/dow-theory-update-for-july-1-dissecting.html The Transports have rallied more than 3% off their July 8th closing lows. The SPY and Industrials have failed to reach the 3% threshold. However, […]