Category: Daily update

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. […]

Dow Theory update for October 1: Markets up. No technical changes…yet

posted on: October 1, 2012

A secondary correction may happen any time now On Friday, Sept 28, the stock market had been trending lower for the last 10 trading days (for the SPY and Transports). This is the minimum time requirement for a secondary reaction to exist. However, for a secondary reaction to exist it is necessary that two of […]