No time now for deep explanations, which will come tomorrow, if time allows. Take my word: The secondary trend for US Stocks turned bearish on June 29. Sincerely, The Dow Theorist
Trends remain unchanged. This post is the detailed answer to one question posed by a follower of this Dow Theory blog. Hope it will serve Algyros and other readers to further a deeper understanding of the Dow Theory. Here is question: “I was wondering if you had CAGR and Max DD backtested information for your […]
Trends remain unchanged There are three names that shine when it comes to (a) investment practical acumen; (b) avoid BS. These names are (in alphabetical order): 1) Antonacci. http://www.dualmomentum.net/ 2) Moening http://stateofthemarkets.com/ 3) Schannep https://thedowtheory.com/ I have praised Antonacci’s work in the past (here and here). He has recently penned a new article entitled “Momentum […]
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, […]
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 […]
Now it could be that stocks are not so overvalued after all. This article on Ritholz blog “The Big Picture” seems to suggest that if we adjust for current inflation valuations are not expensive at all. So, all the chatter of overvaluation notwithstanding, it could be that there is not so much secular headwind for […]
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 […]
Trends remain unchanged I have compared in the past the Dow Theory versus moving averages. Let’s compare now the Dow Theory and Dual Momentum. This post is the edited correspondence with one follower of this Dow Theory blog. He, like I, has read the book “Dual Momentum Investing“, by Gary Antonacci. By the way, I […]
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 […]
Trends unchanged in all markets. US STOCKS On 5/14/2015 the SPY bettered its last recorded primary bull market closing high of 3/2/2015. Today the Industrials has confirmed by exceeding its 3/2/2015 closing high. As per my reading of the Dow Theory, stocks did not even enter into a secondary reaction, since the lowest confirmed closing […]
EUR under primary bull market as per the Dow Theory. US debt just about to signal primary bear market. Following the suggestion of Algyros, reader of this Dow Theory blog, I have made it easier for its followers to know the current state of the trend (see banner above), as far as I am able […]
Why Schannep’s Dow Theory needs no lines. Trends for US Stocks, gold, silver and their respective miners EFTs remain unchanged. The primary trend for Stocks remains bullish, and the precious metals universe remains bullish. Gold, silver and their ETFs remain caught in an endless secondary reaction. What I wrote some weeks ago remains a faithful […]
