Category: Insights

Dow Theory Update for December 29: Primary bull market for US Stocks reconfirmed

posted on: December 29, 2014

Precious metals (and their miners) trends unchanged Very brief update, as time is in ultra short supply. US STOCKS I see on the charts that the Industrials, Transports and SPY have bettered their last recorded primary bull market closing highs. This means that the primary bull market has been unambiguously confirmed and that we can […]

Dow Theory Update for December 24: Primary and secondary trends unchanged

posted on: December 24, 2014

Merry Christmas! US stocks The Industrials, Transports and SPY closed up. The Industrials are well above the last recorded primary bull market highs, whereas the SPY and Transports have not confirmed and remain below such highs. The primary trend remains bullish, as explained here. The secondary trend is bearish, as there is an ongoing secondary […]

Dow Theory Update: Setup for primary bear market in stocks completed today

posted on: December 18, 2014

The primary trend remains bullish, though. US stocks The Industrials, Transports and SPY closed up. The SPY and Industrials have risen more than 3% from the secondary reaction lows. Since the rally from the lows took 2 days (one day would not be enough as per Schannep’s rules), US stocks set up for a primary […]

Dow Theory Update for December 17: Setup for primary bull market signal in SLV and GLD completed

posted on: December 17, 2014

Trends remain unchanged. US stocks The Industrials, Transports and SPY closed up. The primary trend remains bullish, as explained here. The secondary trend is bearish, as there is an ongoing secondary reaction, as explained here. Gold and Silver SLV closed up, and GLD closed down. The primary bear market was reconfirmed on October 3rd […]

Dow Theory Update for December 16: Secondary (bearish) reaction of stocks signaled yesterday

posted on: December 16, 2014

No changes on the precious metals arena. US Stocks Yesterday, December 15th, 2014, the INDUSTRIALS and the SPY closed down. The Transports closed barely up. All three indices have declined by more than 3%, and hence the extent requirement for a secondary reaction has been met. More exactly, all three indices have declined 4% or […]

Dow Theory Update for December 11: Secondary (bullish) reaction against primary bear market in Gold and Silver

posted on: December 11, 2014

Trends for SIL, GDX and US Stocks unchanged US Stocks The SPY, the Transports and the Industrials closed up. The primary trend remains bullish, as explained here. The secondary trend is bullish and it is too early to signal a secondary (bearish) reaction against the primary bull market. Gold and Silver SLV and GLD […]

Dow Theory Special Issue: Schannep and I brainstorming about the last Dow Theory signal (IV)

posted on: December 9, 2014

Comments to the comment posted by Mike Parker An avid reader of this Dow Theory blog, Mike Parker, raised very interesting points concerning the last Dow Theory signal “saga” which you can read here: http://www.dowtheoryinvestment.com/2014/11/dow-theory-special-issue-schannep-and-i.html here: http://www.dowtheoryinvestment.com/2014/11/dow-theory-special-issue-schannep-and-i_25.html and here: http://www.dowtheoryinvestment.com/2014/12/dow-theory-special-issue-schannep-and-i.html In the lines that follow I will include his comment (in black) whereas my answers […]

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 Update for December 2: No secondary (bullish) reaction for precious metals yet.

posted on: December 2, 2014

All trends remain unchanged. Many days have passed by without my giving you a trend update as per the Dow Theory rules. The reason is simple: too little time and no change of trends. Furthermore, my focus has been on analyzing the last controversial Dow Theory signal, as you can read here and here. Please […]

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 […]