Category: Daily update

Dow Theory Update for Nov 8: Gold/Dow ratio turns bullish in favor of gold

posted on: November 8, 2012

Precious metals mostly up Let’s begin with our brief Dow Theory analysis for today in this blog. The SPY, Industrials and Transports closed down. The Transports continue, by far, displaying greater relative strength. However, we have to keep an eye on the action of the Transports in the coming days. From the 09/28/2012 lows […]

Dow Theory Update for Nov 7: Precious metals universe holds its own

posted on: November 7, 2012

Stocks sharply down Let’s get started with our Dow Theory commentary for today. Stocks were down today. The SPY and the Industrials jointly penetrated the 10/24/2012 lows hence confirming the secondary bearish trend. However, technically nothing has changed yet. The primary trend remains bullish and the secondary one bearish. Volume was higher than yesterday’s […]

Dow Theory Update for Nov 6: Bullish parade.

posted on: November 6, 2012

Technically, nothing has changed. If you have been following this Dow Theory blog for some time, it may be dawning on you that investing along the primary trend, as defined per Dow Theory, can be boring. Since June 29, when a Dow Theory primary bull market signal was displayed for stocks, no action has […]

Dow Theory Update for Nov 5: Mildly bullish day.

posted on: November 5, 2012

No changes in trends. The SPY, Industrials and Transports closed up for today. Technically, nothing has changed. The primary trend remains bullish, and the secondary trend remains bearish. Volume was lower today, which render it a bearish volume day, since the up close was not confirmed by higher volume. Hence, the pattern of volume continues […]

DOW THEORY UPDATE FOR NOV 2: BEARISH DAY

posted on: November 2, 2012

Trends unchanged It seems that the short term bearish pattern of volume I have been talking about on this Dow Theory blog seems to be winning (short term where it belongs) the upper hand. Today the SPY, the Transports and the Industrials closed down. However, technically, and more specifically, under Dow Theory, nothing has been […]

Dow Theory Update for Nov 1: Bullish day for stocks

posted on: November 2, 2012

No changes in trends Let’s begin our Dow Theory commentary on this blog. The SPY, the Industrials and the Transports closed firmly up today. Both the Industrials and the SPY broke above the trading range that started on 10/23/2012. The Transports, having been always stronger, were not caught in a narrow range, so they had […]

Dow Theory Update for Oct 31: SIL displaying strength

posted on: October 31, 2012

No changes in trends. No big news today, so this Dow Theory commentary on this blog will be brief. The SPY closed unchanged, and the Industrials were slightly down. Transports, again displaying more relative strength closed up. Technically, nothing has changed. The primary trend remains bullish, and the secondary trend remains bearish. It has […]

No Dow Theory Update for Oct 29 and 30: Markets Closed

posted on: October 29, 2012

Due to hurricane, markets have been closed today Monday and it seems they will be closed tomorrow. So no Dow Theory update in this blog today and tomorrow. Let’s hope damages will be contained. Sincerely, The Dow Theorist.

Dow Theory Update for Oct 26: No changes in trends.

posted on: October 26, 2012

All primary trends remain bullish There is not much to say in this Dow Theory analysis for today. The Industrials and Transports closed up. The SPY was mildly down. Technically, nothing has been changed. The primary trend remains bullish and the secondary one bearish. Since the SPY has much larger capitalization than the Industrials and […]

Dow Theory Update for Oct 25: No changes.

posted on: October 25, 2012

Today was a technically dull day. Let’s get started with our Dow Theory analysis for today. Stocks were up. Technically, nothing significant occurred. It seems as stocks are trying to bottom, but it is too early too tell and we are unconcerned since we do not trade secondary reactions but, as I always say, we […]

Dow Theory Update for Oct 24: Bearish day

posted on: October 24, 2012

Stocks: Primary trend remains bullish. Secondary trend bearish. Let’s get started with our Dow Theory analysis for today. Today this post in this blog is going to be short, since I just posted some time ago an in-depth study as to whether the gold and silver miners ETFs are experiencing a secondary reaction. You can […]

Dow Theory Update for Oct 23: Gold and silver miners enter secondary reaction.

posted on: October 23, 2012

Markets down. Transports up. Let’s begin with our Dow Theory commentary in this blog. The SPY and Industrials closed clearly down. However, the Transports defying gravity force managed to close up for the day. So the secondary reaction follows its course. It is good to remember that the amount hitherto corrected is modest if we […]