Category: Daily update

Dow Theory Update for Oct 17: Primary trend for stocks bullish. Secondary trend still bearish

posted on: October 17, 2012

Primary and secondary trend bullish in the precious metals universe. Richard Russell, of the „Dow Theory Letters“, seems to little by little join the bullish camp, albeit in a hedged manner. In his yesterday’s letter, he acknowledged that the bull seems to be winning the battle. As I wrote in the past in this […]

Dow Theory update for Oct 16: Bullish day. No changes in trends

posted on: October 16, 2012

No secondary reaction in the precious metals’ universe yet. Not all days are relevant under Dow Theory. Today this post in this Dow Theory blog is going to be short, since today in spite of the bullish display of the markets, is an inconsequential day. I will spare my letters and words. The three stock […]

Dow Theory update for Oct 15: No secondary reaction in gold and silver…yet

posted on: October 15, 2012

Stocks up today. No changes under Dow Theory. Let’s get started with our Dow Theory analysis for today in this blog. The three stock indices we monitor, namely the SPY, Industrials and Transports all closed up for the day. Technically, nothing has changed: the primary trend remains bullish and the secondary trend remains bearish. The […]

Dow Theory Update for Oct 12: No changes. Mixed action today

posted on: October 12, 2012

Stocks: Primary trend remains bullish. Secondary trend bearish. So what did the stock market today? Mixed action. The Transports which continue showing good relative strength closed up for the day. The Industrials closed barely up, and the SPY closed down. Thus, the secondary trend remains bearish and until now, the decline has been so timid […]

Dow Theory update for Oct 11: Mixed day. No changes.

posted on: October 11, 2012

Primary trend remains bullish; secondary trend bearish. Let’s get started with our Dow Theory analysis for today. The stock market was indecisive. The SPY closed up, and the Transports and Industrials closed down for the day. So there are no changes from yesterday’s assessment under Dow Theory. Later today, I will post in this Dow […]

Dow Theory Update for Oct 10: Secondary trend for stocks turned finally bearish.

posted on: October 10, 2012

The Industrials and the SPY violated the lows of the line. Markets were made to befuddle as many investors as possible. However, armed with the Dow Theory, we can in most instances avoid being fooled by the markets and be on the right side and, when occasionally wrong, keep our losses contained. So what did […]

Dow Theory update for Oct 9: All markets down. No change in trend

posted on: October 9, 2012

Industrials and SPY still caught within the line. What’s the current condition of the stock market? On October 3, this Dow Theory blog alerted about the formation of a “line” which is relevant under Dow Theory. Please re-read my post in this blog “Stock markets forming a „line’: What does it mean under Dow […]

Dow Theory update for Oct 8: Primary and even secondary trend remain bullish

posted on: October 8, 2012

Transports display greater relative strength. Let’s get started with our Dow Theory analysis for today. I will start, as usual with the stocks markets. Today the alleged “moribund” Transports closed up while the Industrials and the SPY closed down for the day. So, again, the Transports are displaying greater relative strength than its index […]

Dow Theory update for Oct 5: Mixed day. Stocks up. PMs universe down.

posted on: October 5, 2012

Primary and secondary movement remains bullish Today was a calm day which did not change the technical picture which remains bullish long and short term for stocks, gold, silver and their miners. This is the way I see things according to the Dow Theory: No changes. The only thing worth mentioning are long-term bonds whose […]

Dow Theory Update for Oct 4: Very bullish day. Important market action

posted on: October 4, 2012

Secondary reaction in gold and silver definitely avoided. Under Dow Theory today it was a relevant day because market action has clearly aborted the incipient secondary reaction in the gold and silver markets. More on this below. Today was a clearly bullish day. All the markets we monitor closed up for the day. The Industrials […]

Dow Theory update for Oct 3: Watch out the miners!

posted on: October 3, 2012

Nonetheless, primary trend remains bullish Today the S&P, Industrials and Transports all closed up. So it seems that the secondary reaction fails to materialize. However, I’m starting to discern a pattern that under Dow Theory has significance. The Industrials and the SPY seem to be forming a “line”. Later today or early tomorrow I […]

Dow Theory update for October 2: Mixed day. No news.

posted on: October 2, 2012

Today the Transports and the SPY closed up. The Industrials closed down. So we had a mixed day with no consequences. So there is nothing new under the Dow Theory. Therefore, what I wrote earlier today “Dissecting a secondary reaction under Dow Theory” about the non existence of a secondary reaction remains valid and unchanged. […]