Go to my yesterday’s post to acquaint yourself with the current trends for stocks, gold and silver and their mining ETFs. http://www.dowtheoryinvestment.com/2014/04/dow-theory-update-for-april-23-again.html Sincerely, The Dow Theorist
Trends remain unchanged. US Stocks The SPY, Industrials closed down. The Transports closed up and scored a higher high, which remains unconfirmed. Furthermore, today we did also see divergence, as the other indices we monitor closed down. Let’s see what happens, but the SPY and Industrials should resume their rally soon or a secondary reaction […]
SLV makes lower closing lows unconfirmed by GLD US Stocks The SPY, Industrials and Transports closed up on decreasing volume, which has bearish connotation. Take a look at the chart below red arrows (bearish volume days) dominate the landscape. Furthermore, volume tended to contract during the latest rally, which is not bullish. The highest volume […]
Revisiting Russell’s bearish stance under the prism of the Dow Theory In my last post, which you can find here, I explained that Richard Russell of the “Dow Theory Letters” thought that the mother of bear markets might be in the making. I gave several reasons whereby I thought such a statement is not sufficiently […]
Trends for stocks and precious metals remain unchanged It’s been a long time, I didn’t write about Richard Russell, of the Dow Theory Letters, as I am busy enough minding my own business and trying to determine the primary trend of the market. However, recently Russell wrote that there is “no way of knowing […]
Precious metals remain indecisive. US Stocks The SPY, Industrials and Transports closed up on diminishing volume, which has a bearish connotation. The overall pattern of volume is bearish. Look at the chart below: Red arrows (bearish volume days dominate the landscape). Volume is bearish The primary trend remains bullish, as explained here, and more […]
Precious metals look weak. As you can guess, I am very short of time, since yesterday I skipped posting. Nonetheless, nothing has been missed. Yesterday and today have been two days where nothing significant has happened from a Dow Theory standpoint. Primary and secondary trends remain unchanged for stocks, gold and silver and their miners […]
Precious metals decline modestly. Today was another day when, in spite of all the hype, nothing relevant under the Dow Theory has happened. Primary and secondary trends for all the markets I monitor remain unchanged. So I will stop here. For more info concerning the current trends, you can go to this post: http://www.dowtheoryinvestment.com/2014/04/dow-theory-update-for-april-9-stocks.html Sincerely, […]
Gold and silver shine, but miners don’t. No time today for a lengthy post. In spite of the almost apocalyptic decline, the trend for stocks has not changed. Once again, you see that daily observations, while necessary, are mainly noise. The trend for precious metals and their mining stocks remains unchanged. Sincerely, The Dow Theorist.
And trends remain unchanged. Well, today’s another day where trends (even secondary ones) remain unchanged. The only thing I see on the charts is ominously bearish volume for stocks. I also see on the charts that China, all the gloom and doom notwithstanding, remains in a primary bull market (I weak one, admittedly). There is […]
Precious metals close modestly up. Today was another indistinct day under the Dow Theory, which is good, since the primary trend (and even the secondary one) is not apt for hectic traders. US Stocks The SPY, Industrials and Transports closed up on shrinking volume, which has a bearish connotation. The overall pattern of volume is […]
Ditto for gold and silver No time for long posts today. Today’s action has been irrelevant from a Dow Theory standpoint. Sincerely, The Dow Theorist
