Category: Investment musings
Dow Theory Update for Feb 26: Another distribution day. Stocks up as volume recedes
posted on: February 26, 2013
Gold and silver up. Has a bottom been made? Let’s get started with our Dow Theory commentary in this blog today. Special note on gold GLD lost yesterday (Feb 25) 7.82 tonnes of gold. Thus, inventories have been declining for 5 days in a row. All in all, inventories have declined from 1322.97 tons to […]
Dow Theory Update for Feb 25: Bearish action in stocks
posted on: February 25, 2013
Gold and silver up Let’s get started with our Dow Theory commentary in this blog today. Special note on gold GLD lost last Friday (Feb 22) almost 10 tonnes of gold. Thus, inventories have been declining for 4 days in a row. All in all, inventories have declined from 1322.97 tons to 1280.67 tonnes, that […]
Dow Theory special issue: Dow Theory’s performance during the secular 1982-1999 bull market
posted on: February 22, 2013
How often does the Dow Theory outperform buy and hold? Part III In my post “How often does the Dow Theory outperform buy and hold?”, which you can find here, I started a series of articles dedicated to examining the classical/Rhea Dow Theory “flavor” under all market environments and across time. At the risk of […]
Dow Theory Update for Feb 22: Precious metals and stocks up
posted on: February 22, 2013
Are precious metals finding support? Let’s get started with our Dow Theory commentary in this blog. Strebler joins forces with Russell. I have some news from the Dow Theory world. Richard Russell, of the “Dow Theory Letters,” has a new business associate to help him run his advisory. Jon Strebler has already written two interesting […]
Dow Theory special issue: Dow Theory’s performance during the secular 1966-1981 bear market
posted on: February 9, 2013
How often does the Dow Theory outperform buy and hold? Part II In my post “How often does the Dow Theory outperform buy and hold?”, which you can find here, I started a series of articles dedicated to examining the classical/Rhea Dow Theory “flavor” under all market environments and across time. In that post, we […]
Dow Theory Special Issue: Assessing the primary bear market signal for gold and silver miners ETFs
posted on: January 26, 2013
Should we heed the Dow Theory when applied to ETFs? As you could read in this post, the Dow Theory has recently signaled a primary bear market for GDX and SIL (the gold and silver miners ETFs). Here you have a chart depicting recent price action. The pink lines are the secondary reaction lows that […]
Dow Theory special issue: How often does the Dow Theory outperform buy and hold?
posted on: January 18, 2013
Evaluating performance on a year-end basis. It is no secret that I am deeply influenced by Schannep’s Dow Theory flavor. To learn more about Schannep’s flavor, I suggest you go here, or if you plan to buy his excellent book here. For reasons that go beyond my comprehension (maybe because he’s the best-performing Dow Theorist) […]
Don’t fall in love with your stocks! Love is always dangerous
posted on: December 10, 2012
How to develop confidence in the Dow Theory Today I read two good posts that highlight the importance of not falling in love with your stocks. In the “Systematic Relative Strength” blog, there is an interesting post concerning the risk of loving one stock. Please click here. In the “Big Picture” blog, there is another […]
Why I like timing? Why I love the Dow Theory as a capital protector?
posted on: December 5, 2012
When the stock market runs smoothly as it did in the 80s and 90s there seems to be little need for any timing device. Be it the Dow Theory or a moving average. However, when the cake is shrinking or not growing, or, simply, the market decides that it is time for lower multiples and […]
Special Dow Theory issue: Revisiting the 1987 crash
posted on: October 19, 2012
The Dow Theory saved its followers. As I promised earlier today, here are my two cents on the October 19, 1987 crash. So, how fared those that followed the Dow Theory? Were they spared? The answer if a clear: YES. They were spared. In this study, I will use “classical” Dow Theory with just the […]
Jim Rogers and the Dow Theory
posted on: October 16, 2012
Do they have something in common? Today Seeking Alpha published an interesting article named “Jim Rogers: The U.S. Faces Several ‘Lost Decades’” which you can read here If Rogers is to be proven right, the implications are really scary. Not only as investors but also concerning our day-to-day life. The comments to the article were […]
Why do I only write about the Dow Theory?
posted on: October 4, 2012
In German, they have a saying that goes: “Schusterbleibt bei deinen Leisten”which translates into Englishas “Clobber,stick to youtrade.” Inother words: Stay focused. For most investors, the Dow Theory is justan extra tool in their toolbox.It lookstoo simple to bethe consideredthe maintool. Furthermore, sinceit looksso simple,everyone believes thata cursoryreading of themain tenetsof DowTheory makes themexperts and, […]
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