Dow Theory Update for October 6th: Primary bear market for US bonds signaled on October 5th
posted on: October 6, 2020
The primary trend remains bullish when one appraises the trend of US bonds with a somewhat longer time-frame. I still owe the readers of this Dow Theory blog the promised in-depth explanation of the current secondary reaction in SIL and GDX (the gold and silver miners ETFs). However, Dow Theory’s relevant events pile […]
Dow Theory Update for September 11: Long term bullishness remains while short term there is some stalling.
posted on: September 11, 2020
Precious metals could be nearing a secondary reaction. Not there yet. US STOCKS Schannep’s Dow Theory (more properly: The Dow Theory for the 21stCentury) At 09/02/2020, the primary trend was bullish since April 6th, 2020, as was explained here. The April 6th, 2020 Buy signal (caused by a Bull market […]
Dow Theory Update for September 2nd: US bonds are in a secondary reaction when one takes a somewhat shorter time frame.
posted on: September 2, 2020
No secondary reaction when one is bound by the 1/3 confirmed retracement dogma This post is being penned on Saturday, August 29th, but will likely be posted on Wednesday 9/2/2020. I am looking at the charts today, and I see now changes in my analysis of trends. Today I’ll focus on US […]
Dow Theory Update for May 15th: Bullishness in Precious Metals
posted on: May 16, 2020
Any way we measure secondary reactions both precious metals and their miners ETFs are in a primary bull market US STOCKS Schannep’s Dow Theory (more properly: The Dow Theory for the 21st Century) At 05/12/2020, the primary and secondary trend was bullish since April 6th, 2020 (bull market definition), as was explained in-depth here “Rhea’s /classical” […]
Dow Theory Update for March 28th: Watch the S&P 500. If it rallied a little bit more a bull market would be signaled
posted on: March 28, 2020
Trends unchanged for all the markets I cover US STOCKS Under Schannep’s Dow Theory The primary trend is bearish since March 9th (penetration of the lows of the current secondary reaction) or even February 25th (alternative exit based on the penetration of the lows of the previously completed secondary reaction), as explained here. Of course, the […]
Dow Theory Update for August 6: Trends unchanged; precious metals and US bonds continue making higher highs true to their primary trend.
posted on: August 6, 2019
Secondary reaction for US stocks continues I am writing before the close. So things might change. US STOCKS The primary trend as per Schannep’s Dow Theory is bullish since March 1st, 2019 when both the Industrials and the S&P 500 closed at +19% from the 12/24/2018 bear market closing lows. However, “capitulation” suggested the opening […]
Dow Theory Special Issue: Which markets are better suited to the Dow Theory (and Trend following in general) and the reason why
posted on: June 26, 2019
The power of trends and why it is not wise to disregard a Dow Theory signal based on the belief that the market is already overstretched. This is another post that I was written on June 19th at Nashville’s airport while being stranded due to bad weather conditions. However, it has been “matured” and edited […]
Dow Theory Update for October 24: Is the current primary bull market signal for US stocks doomed to fail?
posted on: October 24, 2015
Trends for stocks, gold silver and their miners unchanged. I have not posted in the last few days for the following reasons: a) I was traveling so time was extremely scarce b) Trends have not changed. c) I am re-reading Schannep’s book for the 10thtime. I am in a period of introspection unearthing more jewels […]
Dow Theory Update for June 18: Chinese stocks are undergoing a (bearish) secondary reaction
posted on: June 18, 2015
Trends unchanged. US stocks: The ranging continues, and with it, trends have not changed. Thus, as per my reading of the Dow Theory, the primary and secondary trend remains bullish. Here you can find the latest in-depth explanation, which remains fully applicable to current market conditions: http://www.dowtheoryinvestment.com/2015/05/dow-theory-update-for-may-18-primary.html I say that the secondary trend remains bullish, […]
Dow Theory Update for June 10: Nuances concerning the appraisal of secondary reactions.
posted on: June 11, 2015
Trends remain unchanged. We know that the appraisal of secondary reactions is not an easy feat. Accordingly, Rhea wrote that “probably no two students would agree on any rule for selecting and tabulating important secondary reactions” (Rhea’s “The Dow Theory”, Fraser Edition, page 61). Thus, recent price action, and my particular divergence from Schannep’s Dow […]
Dow Theory Special Issue: US bonds flashing primary bear market signal
posted on: June 3, 2015
We have to wait to today’s close to be sure. Some days ago, I alerted that US debt was flirting with a primary bear market signal. Furthermore, I made clear that a new primary bull market had been signaled for the Euro and CHF. I am writing before the close, so my conclusions are not […]
Dow Theory Special Issue: A closer look at the Chinese primary bull market in stocks
posted on: May 20, 2015
Some days ago, I made a cursory reference to an ongoing primary bull market in Chinese stocks. One reader of this Dow Theory blog kindly asked me to further analyze the bull market in Chinese stocks. As I explained here, the Dow Theory can also be applied to foreign stocks indices and even assets other […]
