Category: Daily update

Dow Theory Update for April 19: The moment of truth for stocks

posted on: April 19, 2013

Will the decline be arrested or a mere respite before the fall? It seems that all markets are testing the waters before either starting a new rally or resume declines. Under Dow Theory, there are no changes in trends. Stocks The SPY, Industrials, and Transports closed up. The primary and secondary trend remains bullish. Today’s […]

Dow Theory Update for April 18: Stocks down

posted on: April 19, 2013

Gold up and silver down No big news under the Dow Theory today. Stocks: The SPY, Industrials and Transports closed down. The primary and secondary trend remains bullish. Today’s volume was lower than yesterday’s, which is bullish as declining prices were met by contracting volume. Gold and silver GLD’s inventory bleeding continues. Almost two tonnes […]

Dow Theory Update for April 18: To be published tomorrow before the open

posted on: April 18, 2013

Thx for your comprehension. Sincerely, The Dow Theorist

Dow Theory Update for April 17: Stocks close down

posted on: April 17, 2013

Gold and silver stabilizing? On the importance of sticking to the trend The “Trendfollowing trader” makes clear in one graph why the investor should stick with the trend, and he proves that the adage “sell in May and go away” would have been devastating to investors on the long run. Stocks The SPY, Industrials and […]

Dow Theory Update for April 16: Gold and silver still licking their wounds

posted on: April 16, 2013

Stocks moderately up Turd Ferguson has elaborated on the two alternative end games for gold I blogged yesterday that I am seeing two distinct outcomes for gold. In a nutshell: Either we are just undergoing a severe correction and even the end of the bull market, or we are getting very close to the demise […]

Dow Theory Update for April 15: Markets meltdown

posted on: April 15, 2013

Later today special issue on gold Zero Hedge sees a correction coming Zero Hedgehas noted that, of late, credit markets seems to be a good predictor of stock market activity. In other words, when credit markets swoon, stocks tend to follow suit. Recent action (declines and shares redeemed) in JNK ETF seems to suggest that […]

Dow Theory Update for April 12: Gold and silver fall out of bed. Primary bear market reconfirmed

posted on: April 13, 2013

GLD losses massive 22.86 tonnes Volume is bearish on a long-time perspective. Danielle Park has posted an interesting article in her blog “Juggling Dynamite.” According to Park, volume has been extremely bearish from a long time perspective. The post contains two sobering charts. Stocks The SPY, Industrials and Transports closed down. The primary and […]

Dow Theory Update for April 11: Stocks make higher highs

posted on: April 11, 2013

Transports fail to join the bullish parade Zero Hedge sees a correction coming Zero Hedgehas noted that, of late, credit markets seem to be a good predictor of stock market activity. In other words, when credit markets swoon, stocks tend to follow suit. Recent action (declines and shares redeemed) in JNK ETF seems to suggest […]

Dow Theory Update for April 10: Stocks make higher highs

posted on: April 10, 2013

No changes in trends The GLD inventory conundrum solved? Read Fofoa’s latest post It is no secret that when it comes to “fundamentals” about gold, I am an ardent follower of FOFOA. While this is a technical, Dow Theory blog, I know deep in my heart that when it comes to investing for the very […]

Dow Theory Update for April 9: Industrials make higher highs unconfirmed

posted on: April 9, 2013

Precious metals strong but no change in trends The value trap Dorsey Wright’s blog “Systematic Relative Strength” has recently published an interesting article concerning blind value investing, namely buying stocks because they look cheap. The main thesis is that stocks, unlike staples or commodities, don’t have a predetermined value or utility und, thus, what works […]

Dow Theory Update for April 8: Stocks close up but fail to make higher highs

posted on: April 8, 2013

Precious metals meandering Finally, I have been able to post today my Dow Theory Commentary, albeit a short one. Stocks The SPY, Industrials and Transports closed up. However, neither index managed to better the last recorded closing highs (04/02/2013). Today’s volume was notoriously lower than yesterday’s, which make it, once again, a bearish volume day. […]

Dow Theory Update for April 5: Gold and silver up once again

posted on: April 5, 2013

Stocks weak in spite of closing rally Let’s get started with our Dow Theory commentary in this blog. Bill Gross teaches us to be humble Bill Gross, of PIMCO fame, in his article “A man in the mirror”, has made an exercise in humility. He concedes that most applauded gurus have enormously benefited by unusual […]