Category: Insights

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 Update for June 22: Possible secondary reaction in SIL and GDX

posted on: June 22, 2020

Primary trends unchanged In this post, I will focus on SIL and GDX where I seem to discern a change of the secondary trend. As to the rest of the markets I monitor I see no changes and hence what I reported in my post of June 3rd, 2020remains unchanged. GOLD AND SILVER MINERS ETFs […]

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 […]

Dow Theory Update for June 3: US stocks in a primary bull market under all Dow Theory flavors

posted on: June 3, 2020

Bullishness in precious metals and US interest rates unabated US STOCKS Schannep’s Dow Theory (more properly: The Dow Theory for the 21st Century) At 06/1/2020, the primary trend was bullish since April 6th, 2020, as was explained here The April 6th, 2020 Buy signal (caused by a Bull market definition) was not an […]

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” […]

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 […]

Dow Theory Update for April 8th: New bull market for US stocks signaled on April 6th, 2020

posted on: April 8, 2020

Should we consider the existence of a secondary reaction in precious metals and US interest rates? General remark: Even if you usually only read “US Stocks”, please read the sections concerning precious metals and US interest rates, since they contain several musings which I consider important in order to become more profitable (and drawdown contained) […]

Dow Theory Update for April 4th: Did Rhea really tell that secondary reactions had to last three weeks?

posted on: April 4, 2020

A study on the proper appraisal of secondary reactions as taught by Rhea I am re-reading (for 10th, 11th time?) Rhea’s book “The Dow Theory,” and I am unearthing many gems. Those gems relate to the thorny issue of appraising secondary reactions. The proper ascertainment of a secondary reaction is vital. The lows of secondary […]

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 March 21st: Secular trend for US stocks turned bearish on March 21st, 2020

posted on: March 21, 2020

Primary and secondary trends unchanged for US stocks, US interest rates, precious metals and their ETFs miners unchanged 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 […]