Dow Theory Special Issue: Schannep and I brainstorming about the last Dow Theory signal (III)
posted on: December 8, 2014
Schannep’s answer to my explanations and further comments thereto Continued from Part I and II: http://www.dowtheoryinvestment.com/2014/11/dow-theory-special-issue-schannep-and-i.html http://www.dowtheoryinvestment.com/2014/11/dow-theory-special-issue-schannep-and-i_25.html This thid part contains Schannep’s answer to my email (see part II) where I dissected the reading made by other Dow Theorists. This third part only contains Schannep’s answer (in blue, as he was a bull). At the […]
Dow Theory Update for December 4: Why buy and hold is dead
posted on: December 4, 2014
Trends for precious metals and US stocks remain unchanged. Zero Hedge reports that the average lifespan of US corporations in the S&P 500 has never been shorter. Now is down to a dismal 15 years: http://www.zerohedge.com/news/2014-12-04/here-reason-why-average-lifespan-us-corporations-has-never-been-shorter Do you still believe that buy and hold for individual stocks works? This is why even when dealing with […]
Dow Theory Update for December 3: Why the Dow Theory works. Its non-parametric nature
posted on: December 3, 2014
A greak book on momentum I recommend. I have just read a very interesting investment book entitled “Dual Momentum Investing: An Innovative Strategy for Higher Returns with Lower Risk” by Gary Antonacci. It is a very well researched book written, though, by a practitioner. The main thesis of the book is that relative strength (i.e. […]
Dow Theory Special Issue: Schannep and I brainstorming about the last Dow Theory signal (II)
posted on: November 25, 2014
Part II: dissecting the readings of the market made by other Dow Theorists. Continued from Part I: http://www.dowtheoryinvestment.com/2014/11/dow-theory-special-issue-schannep-and-i.html This second part is a continuation of my email to Schannep. Here I dissect the reading made by other Dow Theorists. Some of them saw (as I did but maybe for the wrong reasons) a primary bear […]
Dow Theory Special Issue: Schannep and I brainstorming about the last Dow Theory signal.
posted on: November 19, 2014
Was it a primary bear market signal or just a normal secondary reaction? PART I Readers of this blog know that the last primary bear market signal was not an easy one to discern (or at least was not so much textbook-like). After writing about a primary bear market signal on this Dow Theory blog, […]
Dow Theory Special Issue: After the dust hast settled: Commentary to the Dow Theory primary bear market signal
posted on: October 16, 2014
Trends in gold and silver have not changed Let’s make a brief recap. Yesterday I announced that stocks are under a primary bear market. You can find the details here. The primary bull market started on June 24th, 2013 (on that they were made the final primary bear market lows). The primary bull market was […]
Dow Theory Update for June 23: We shouldn’t be cocksure, mindless technicians
posted on: June 23, 2014
Trends unchanged In the last few days, I have written several posts disdaining fundamentalist myopia (for example, here and here). I could even look cocksure about the infallibility of technical analysis (and especially the Dow Theory), and, hence, as myopic as the very fundamentalists I criticize. So, yes: I have my fundamentally-based fears. Of course, […]
Dow Theory special issue: Today’s volume for the S&P 500 has been very bearish
posted on: June 20, 2014
Intelligent money (whatever that is) seems to be dumping S&P stocks While this doesn’t entail a primary bear market signal, nor (at least yet) a secondary reaction against the primary bull market, it certainly displays that something is brewing. Given that the S&P closed down, I’d say today’s huge volume might be indicative of, at […]
Dow Theory Update for June 20: Gold and Silver miners ETFs close to signaling primary bull market signal
posted on: June 20, 2014
Industrials make higher highs. Yesterday, I couldn’t post. My apologies. Readers of this Dow Theory blog know that I spare no punches when it comes to criticizing some market letters writers. However, Dave Moenning, of the “stateofthemarkets.com”, together with Schannep, of “thedowtheory.com“, is worth of praise. Yesterday, Dave posted his latest article entitled “2014: […]
Dow Theory Update for June 17: When Dow Theorist lose it (II). Some bullish reasons, which may be wrong (as with all fundamentals) to give pause to the bears.
posted on: June 17, 2014
Is Zero Hedge giving the “fundamental” answer? Yesterday I took to task those Dow Theorists, who, betraying their trade (pun intended), ignore the technical messages of the market. I wrote that many fundamentalists were scratching their head with unbelief because they consider the stock market irrational. According to them, stocks are expensive, the economy […]
Dow Theory Update for June 16: When Dow Theorists lose it. Russell or how to put aside the Dow Theory and miss a bull market.
posted on: June 16, 2014
Trends remain unchanged Recently, Richard Russell, of the Dow Theory Letters, considered by some as the dean of the Dow Theorists has written: “A primary bear market in the stock market and the US economy began in 2007. The bear market in the US economy is continuing to this day. But the Federal Reserve […]
Dow Theory Update for June 5: Fact, fiction and Momentum investing
posted on: June 5, 2014
Debunking anti-trend following myths and how the Dow Theory boosts momentum strategies. AQR Capital Management has recently issued a working paper, which confirms something Dow Theorists, and in general trend followers have never doubted: Momentum (trend following) works. Dorsey Wright’s website has published the whole paper, which you can read here. The conclusions […]
