Category: Daily update

Dow Theory Update: Setup for primary bear market in stocks completed today

posted on: December 18, 2014

The primary trend remains bullish, though. US stocks The Industrials, Transports and SPY closed up. The SPY and Industrials have risen more than 3% from the secondary reaction lows. Since the rally from the lows took 2 days (one day would not be enough as per Schannep’s rules), US stocks set up for a primary […]

Dow Theory Update for December 17: Setup for primary bull market signal in SLV and GLD completed

posted on: December 17, 2014

Trends remain unchanged. US stocks The Industrials, Transports and SPY closed up. The primary trend remains bullish, as explained here. The secondary trend is bearish, as there is an ongoing secondary reaction, as explained here. Gold and Silver SLV closed up, and GLD closed down. The primary bear market was reconfirmed on October 3rd […]

Dow Theory Update for December 16: Secondary (bearish) reaction of stocks signaled yesterday

posted on: December 16, 2014

No changes on the precious metals arena. US Stocks Yesterday, December 15th, 2014, the INDUSTRIALS and the SPY closed down. The Transports closed barely up. All three indices have declined by more than 3%, and hence the extent requirement for a secondary reaction has been met. More exactly, all three indices have declined 4% or […]

Dow Theory Update for December 11: Secondary (bullish) reaction against primary bear market in Gold and Silver

posted on: December 11, 2014

Trends for SIL, GDX and US Stocks unchanged US Stocks The SPY, the Transports and the Industrials closed up. The primary trend remains bullish, as explained here. The secondary trend is bullish and it is too early to signal a secondary (bearish) reaction against the primary bull market. Gold and Silver SLV and GLD […]

Dow Theory Update for December 4: Why buy and hold is dead

posted on: December 4, 2014

Trends for precious metals and US stocks remain unchanged. Zero Hedge reports that the average lifespan of US corporations in the S&P 500 has never been shorter. Now is down to a dismal 15 years: http://www.zerohedge.com/news/2014-12-04/here-reason-why-average-lifespan-us-corporations-has-never-been-shorter Do you still believe that buy and hold for individual stocks works? This is why even when dealing with […]

Dow Theory Update for December 2: No secondary (bullish) reaction for precious metals yet.

posted on: December 2, 2014

All trends remain unchanged. Many days have passed by without my giving you a trend update as per the Dow Theory rules. The reason is simple: too little time and no change of trends. Furthermore, my focus has been on analyzing the last controversial Dow Theory signal, as you can read here and here. Please […]

Dow Theory Update for November 11: Primary and secondary trends remain unchanged for stocks, gold, silver and their miners

posted on: November 11, 2014

On the last primary bear market signal I have not forgotten that I owe my readers a deeper explanation concerning the last (disputed) primary bear market signal. I have not been losing my time, since to date Schannep of “thedowtheory.com” and author of “Dow Theory for the 21st Century” and I continue discussing this matter […]

Dow Theory Update for October 31: Stocks “in the clear”. Primary bull market signaled

posted on: November 1, 2014

Precious metals true to their primary bear market condition. Time remains in very short supply. So I hope in the coming days to provide you with more ample information. US STOCKS The Transports made a higher closing high on October 28th. The SPY and the Industrials confirmed on October 31st. Since according to my own […]

Dow Theory Update for October 27: Primary bear market for SIL and GDX reconfirmed today

posted on: October 27, 2014

The best and most concise article ever to debunk value and reassert momentum investing The “optimal momentum” blog has just posted and article entitled “Value Investing Redux” which, in less than 3 minutes, manages to explain why momentum (both absolute –trend following- and relative –relative strength-) beat the pants off value investing. Please, spare yourself […]

Dow Theory Update for October 15: Stocks in primary bear market

posted on: October 15, 2014

Primary bear market for stocks was signaled on October 10 I am writing before the close. But the final close won’t affect my veredict. My apologies for neglecting this Dow Theory blog during the last few days. My time is in extremely short supply and, after all, this is a free service without a […]

Dow Theory Update for October 9: Secondary reaction for stocks continues unabated

posted on: October 9, 2014

Gold and Silver miners have not reconfirmed the primary bear market yet US Stocks The SPY, the Transports and the Industrials closed down and jointly violated the Oct, 7 secondary reaction closing lows. So, confirmed lower (minor) lows seem to suggest lower prices. I must stress, though, that I am not in the business of […]

Dow Theory Update for October 3: Primary bear market for Gold and Silver reconfirmed

posted on: October 3, 2014

SIL and GDX very close to reconfirming primary bear market (but not there…yet) US Stocks The SPY, and the Industrials closed up. The Transports closed up. Prices remains slightly above the Sep. 25thclosing lows. It is still too early to declare the existence of a secondary reaction. The primary trend remains bullish, as explained here, […]