Category: Insights

Dow Theory Update for October 31: Stocks “in the clear”. Primary bull market signaled

posted on: November 1, 2014

Precious metals true to their primary bear market condition. Time remains in very short supply. So I hope in the coming days to provide you with more ample information. US STOCKS The Transports made a higher closing high on October 28th. The SPY and the Industrials confirmed on October 31st. Since according to my own […]

Dow Theory Update for October 27: Primary bear market for SIL and GDX reconfirmed today

posted on: October 27, 2014

The best and most concise article ever to debunk value and reassert momentum investing The “optimal momentum” blog has just posted and article entitled “Value Investing Redux” which, in less than 3 minutes, manages to explain why momentum (both absolute –trend following- and relative –relative strength-) beat the pants off value investing. Please, spare yourself […]

Dow Theory Special Issue: Happy anniversary 1987 crash! How did the Dow Theory fare?

posted on: October 17, 2014

27 years ago, on October 17th, 1987 we had a crash that we will not forget. Did the Dow Theory leave investors unscathed? Go to this post I published two years ago, and judge for yourself. http://www.dowtheoryinvestment.com/2012/10/special-dow-theory-issue-revisiting.html Sincerely, The Dow Theorist.

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 October 15: Stocks in primary bear market

posted on: October 15, 2014

Primary bear market for stocks was signaled on October 10 I am writing before the close. But the final close won’t affect my veredict. My apologies for neglecting this Dow Theory blog during the last few days. My time is in extremely short supply and, after all, this is a free service without a […]

Dow Theory Update for October 9: Secondary reaction for stocks continues unabated

posted on: October 9, 2014

Gold and Silver miners have not reconfirmed the primary bear market yet US Stocks The SPY, the Transports and the Industrials closed down and jointly violated the Oct, 7 secondary reaction closing lows. So, confirmed lower (minor) lows seem to suggest lower prices. I must stress, though, that I am not in the business of […]

Dow Theory Update for October 3: Primary bear market for Gold and Silver reconfirmed

posted on: October 3, 2014

SIL and GDX very close to reconfirming primary bear market (but not there…yet) US Stocks The SPY, and the Industrials closed up. The Transports closed up. Prices remains slightly above the Sep. 25thclosing lows. It is still too early to declare the existence of a secondary reaction. The primary trend remains bullish, as explained here, […]

Dow Theory Update for October 1: Secondary (bearish) reaction for stocks signaled today

posted on: October 1, 2014

The primary trend remains bullish, though. Very short update, as I don’t have ample time. The Industrials have been declining for 8 trading days. The SPY and the Transports for 9 trading days. All of them have declined for more than 10 calendar days. Hence the time requirement for a secondary reaction (under Schannep’s rules) […]

Dow Theory Update for September 29: Precious metals still looking at the abyss

posted on: September 29, 2014

Too early to declare a secondary reaction in stocks US Stocks The SPY, and the Industrials closed down. The Transports closed up. Prices remains slightly above the Sep. 25th closing lows. It is still too early to declare the existence of a secondary reaction. The primary trend remains bullish, as explained here, and more in-depth […]

Dow Theory Update for September 25: Stocks continue making lower lows

posted on: September 25, 2014

Gold and silver have not re-confirmed primary bear market yet. US Stocks The SPY, Industrials, and Transports closed down . In spite of stocks making lower (minor) lows, it is still too early to declare the existence of a secondary reaction. The primary trend remains bullish, as explained here, and more in-depth here. The primary […]

Dow Theory Update for September 23: Stocks decline. Too early, though, to declare the existence of a secondary reaction

posted on: September 23, 2014

Gold and Silver remain walking on thin ice. Very brief Dow Theory update today. US STOCKS Recent declines from the last (confirmed) primary bull market highs do not qualify as a secondary reaction yet. We still have to wait. Thus, the primary and secondary trend remains bullish. Gold and Silver While we are very close […]

Dow Theory Update for September 19: Gold and Silver are very close to re-confirming primary bear market

posted on: September 19, 2014

Stocks, well (at least technically), as usual. I devote this post to gold and silver. As you can see on the chart below, silver (SLV) is clearly below the red line, which is a horizontal projection of the June 27th, 2013 primary bear market lows. However, hitherto gold (GLD) has not confirmed and remains above […]