Category: Daily update

Dow Theory Update for Jan 22: Another bullish day

posted on: January 22, 2013

Precious metals and stocks close up. Recently, Richard Russell, author of the famed “Dow Theory Letters,” with almost 60 years of experience on his back stated: “Despite a steady parade of fear stories and scary newspaper headlines, the markets plow steadily and fearlessly ahead. I can’t explain it, nor do I want to, but ultimately, […]

Dow Theory Update for Jan 18: No time for excuses. Stocks market in primary bull market even under “classical” Dow Theory

posted on: January 18, 2013

The Rhea version of the Dow Theory flashes primary bull market signal. There are days when I keep this daily commentary short. No reason to babble when the market has nothing relevant to say. Today is not one of such days. Dow Theory relevant events are piling up. As you know I announced in this […]

Dow Theory Update for Jan 17: SPY and Industrials bettered their Sep 14, 2012 closing highs

posted on: January 17, 2013

Gold finally confirms silver upward movement. Well, let’s see what the Dow Theory has in store for us today. Today is a rich day in technically significant events. Are the markets sensing liquidity, an improvement in economic conditions or this is merely the last blow off before the onset of a secondary reaction? We really […]

Dow Theory Update for Jan 16: Indecisive day for stocks

posted on: January 16, 2013

Gold and silver up Let’s get started with our Dow Theory commentary for today. The SPY and the Industrials closed slightly down. The Transports closed up. The primary and secondary trend remain bullish. Today’s volume was lower than yesterday’s. Given that it was a down day, it has a bullish implication, as declining prices were […]

Dow Theory Update for Jan 15: Mildly bullish day

posted on: January 15, 2013

Gold refuses to confirm silver. Let’s get started with today’s post in this Dow Theory blog. The SPY, the Industrials and the Transports closed up. The Industrials and the Transports have jointly bettered yesterday’s highs which, since yesterday’s action also entailed new confirmed highs, is bullish. The primary trend and secondary trend for stocks remains […]

Dow Theory Update for Jan 14: No changes in trends

posted on: January 14, 2013

Gold and silver up. Today is going to be a short post, since not all days are rich in Dow Theory significant events. The Industrials and Transports closed up. The SPY closed down. The primary and secondary trend remains bullish. Today’s volume was lower than yesterday’s. Since the SPY was down today, I’d say that […]

Dow Theory Update for Jan 11: Stocks mixed. No change in trends

posted on: January 11, 2013

Gold and silver down. Let’s begin with our Dow Theory commentary for today in this blog. The SPY closed down (a cent), the Industrials up and the Transports down. A trendless day. The primary and secondary trend is bullish. Today’s volume was lower than yesterday’s. Since overall it was a bearish day (albeit very muted) […]

Dow Theory Update for Jan 10: Stocks make new highs. Primary trend confirmed bullish

posted on: January 10, 2013

Gold, silver and their miners up. Today is a relevant day for stocks under Dow Theory. The SPY, the Industrials and the Transports have bettered their Jan 4 highs (which at the same time bettered the Jan 2 highs). Under Dow Theory confirmed higher highs is always a bullish sign. Hence, the primary and the […]

Dow Theory Update for Jan 9: Stocks mildly bullish

posted on: January 9, 2013

Gold and silver slightly down Let’s analyze the markets under the prism of the Dow Theory. The SPY, Industrials and Transports closed up. The Transports have bettered its 01/04/2013 highs. However, neither the SPY nor the Industrials have confirmed. The primary trend and secondary trend for stocks is bullish. Volume today was slightly higher than […]

Dow Theory Update for Jan 8: Gold and silver up

posted on: January 8, 2013

Stocks down. Let’s see what the Dow Theory has in store for us today. The SPY, Industrials and Transports closed down in unison today. The primary and secondary trend is bullish. Volume today was higher than yesterday’s. Since it was a down day it has a bearish implication. Gold and silver closed up. As per […]

Dow Theory Update for Jan 7: Weakness prevails

posted on: January 7, 2013

Stocks and precious metals down Let’s get started with our Dow Theory commentary for today. The SPY, Industrials and Transports closed down. The primary trend and secondary trend remain bullish. More about the primary trend bull market signal here and here Volume was down today, since it was a down day, the downward […]

Dow Theory Update for Jan 4: stocks up

posted on: January 4, 2013

Gold might be near making a bottom according to the puke indicator. Let’s begin our Dow Theory commentary for today. What are other Dow Theorists saying? Are they bullish or bearish? Richard Russell, of the Dow Theory Letters, insists on the importance of the September highs. Until the Industrials don’t better such highs, he remains […]