Category: Dow Theory

Dow Theory Update for November 23th: Primary bear market for SIL and GDX signaled on 11/23/2020

posted on: November 23, 2020

Gold and Silver (GLD and SLV) remain in a primary bull market As a reminder of why I use two alternative definitions of a secondary reaction, please read here. GOLD AND SILVER MINERS ETFs A) Market situation if one is to appraise secondary reactions not bound by the 3 weeks dogma. One […]

Dow Theory Update for November 6th: Primary bull market in US stocks still in force

posted on: November 6, 2020

Trends unchanged for precious metals, miners and US interest rates Today let’s take a look at the US stock market. It was overdue. Primary and secondary trends remain unchanged for gold and silver, their ETF stock miners and US interest rates. You can read the latest report concerning these markets here, here and […]

Dow Theory Update for October 8th: Dissecting the current secondary reaction in SIL and GDX (silver and gold miners ETFs)

posted on: October 8, 2020

General remarks: Well, let’s try to write the promised post concerning the ongoing secondary reaction in SIL and GDX. As I wrote here, the secondary trend for precious metals had changed on September 23rd, 2020. Now it is bearish (secondary reaction against the primary bull market). In this post, I provided […]

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 October 5: Dissecting the current secondary reaction in gold and silver

posted on: October 5, 2020

Explanation for SIL and GDX coming soon As I wrote here, the secondary trend for precious metals had changed on September 23rd, 2020. I promised a more in-depth post. Today, I’ll address gold and silver. Hopefully, next week, I’ll write about SIL and GDX, the gold and silver miners ETFs. Please mind […]

Dow Theory Update for October 2: Why I favor using two alternative ways of appraising secondary reactions?

posted on: October 2, 2020

In-depth explanation about the current secondary reaction in precious metals coming soon In my last post, I summarily informed that the secondary trend for precious metals had turned bearish. However, I didn’t provide accurate calculations nor any charts. Since the appraisal of secondary reaction is vital for Dow Theorists, as we derive […]

Dow Theory Update for September 25: Precious metals under secondary reaction against the primary bull market

posted on: September 25, 2020

Trends unchanged for TLT and IEF I don’t have much time to blog. Hopefully, by the end of next week I’ll be able to post some charts and provide you with more in-depth explanations. US STOCKS Schannep’s Dow Theory (more properly: The Dow Theory for the 21stCentury) At 09/14/2020, the primary trend […]

Dow Theory Special Issue: On the Dow to Gold ratio

posted on: June 27, 2020

Is it a good timing device? Since this blog deals with US Stocks and Gold, and prompted by a Subscriber of thedowtheory.com, today I’ll briefly discuss the Dow to Gold ratio and its usefulness as a timing device. You can find an explanation of the Dow to Gold ratio and an excellent interactive chart displaying […]

Dow Theory Special Issue: Did Rhea really tell that secondary reactions had to last three weeks? (III)

posted on: June 13, 2020

What about the extent requirement? Reminder: All this talk about secondary reactions is under Rhea’s Dow Theory. Under Schannep’s Dow Theory the appraisal of secondary reactions leaves no room for interpretation (which is a great advantage). However, as Hamilton wrote, the Dow Theory may be applied to non-US-Stock markets, as I do in this blog with […]

SPECIAL ANNOUNCEMENT: I join Schannep’s “thedowtheory.com”

posted on: April 29, 2020

And about the future of this Dow Theory blog I am proud to announce that I joined Schannep’s letter “thedowtheory.com” as a contributing editor. From this blog, I can only express gratitude to Schannep and his wonderful family for inviting me to join them. I also want to thank them for their gentlemanly. More […]

Dow Theory Update for April 25: Setup for a primary bull market signal in US stocks completed

posted on: April 25, 2020

Rhea’s letters (a real gem) available Excursus: I am reading Rhea’s “Dow Theory Comment” which is a collection of the letters he wrote to his subscribers from 1932 to 1934. I could get this rare collectible from Alanpuri Trading. Rhea’s “Dow Theory Comment” is the best companion to his book “The DowTheory”. I am […]

The Theory Update for April 18: Depending on how one appraises the secondary reaction SIL and GDX could be in a primary bull market since April 9th

posted on: April 18, 2020

Secondary (bullish) reaction for US stocks under the Classical Dow Theory I am polishing a relevant post concerning the appraisal of secondary reactions. As you know, the correct assessment of secondary reactions is vital as we derive the primary bull and bear market signals from them. The introductory post can be found here. Please […]