Category: Insights

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 […]

Dow Theory Update for September 17: The Industrials finally bettered their last recorded highs

posted on: September 17, 2014

Precious metals weak and no trends changed US Stocks The SPY, Industrials, and Transports closed up. The Industrials finally broke above their last recorded primary bull market closing highs (July 16th). Even though, as per my own Dow Theory “flavor,” the primary bull market was reconfirmed on September 3rd (as the SPY and Transports broke […]

Dow Theory Update for September 16: No primary and secondary trend has changed

posted on: September 16, 2014

On September 12th Silver closed atthe primary bear market lows (which is not a violation) US Stocks The SPY, Industrials, and Transports closed up. The Industrials remain below the last recorded primary bull market closing highs (by a hair, but below nevertheless). The primary trend remains bullish, as explained here, and more in-depth here. […]

Dow Theory Update for September 10: Stocks closed up, and the Industrials remain below their last recorded primary bull market highs

posted on: September 10, 2014

Gold and silver continue flirting with a primary bear market signal (but not there yet or never). US Stocks The SPY, Industrials, and Transports closed up. The Industrials remain below the last recorded primary bull market closing highs. The primary trend remains bullish, as explained here, and more in-depth here. The primary trend […]

Dow Theory Update for September 8: GLD and SLV are flirting with the primary bear market lows

posted on: September 8, 2014

If such lows were violated, the primary bear market for precious metals would be reconfirmed US Stocks The SPY, Industrials, and Transports closed down. The Industrials remain below the last recorded primary bull market closing highs. The primary trend remains bullish, as explained here, and more in-depth here. The primary trend was reconfirmed as bullish […]

Dow Theory Update for September 5: The Industrials haven’t bettered their last recorded primary bull market highs

posted on: September 5, 2014

Precious metals listless US Stocks The SPY, Industrials, and Transports closed up. The Industrials remain below the last recorded primary bull market closing highs. The primary trend remains bullish, as explained here, and more in-depth here. The primary trend was reconfirmed as bullish on October 17th, 2013, and November 13th, 2013, March 7th, 2014, and […]

Dow Theory Update for September 4: Precious metals fall out of bed. Trends remain unchanged

posted on: September 4, 2014

Stocks remain in primary bull market US Stocks The Transports closed up. The SPY and the Industrials closed down. The primary trend remains bullish, as explained here, and more in-depth here. The primary trend was reconfirmed as bullish on October 17th, 2013, and November 13th, 2013, March 7th, 2014, and more recently, September 2nd, 2014, […]

Dow Theory Update for September 3: Transports made higher closing highs (yesterday) and confirm the SPY

posted on: September 3, 2014

Did the primary bull market get reconfirmed? Today’s post focuses exclusively on the US stocks. No news on the precious metals front today, as trends remain unchanged. Yesterday, the Transports bettered their July 23rd, 2014 closing highs and, accordingly they have confirmed the SPY, which exceeded its July 24th, 2014 closing highs on August 20th, […]

Dow Theory Update for August 29: What does GDXJ (gold junior miners ETFs) know?

posted on: August 29, 2014

Non confirmation persists. The longer it takes the more dubious the current rally Well today, I could find some more time. I think this is a juicy Dow Theory update. Keep your eyes on the precious metals miners, which are clearly more bullish (within their primary bear markets) than gold and silver (more below). US […]

Dow Theory Update for August 28: Stocks close down and lack of confirmation persists

posted on: August 28, 2014

No news on the precious metals front. US STOCKS Days pass by and the SPY higher closing highs above the primary bull market highs remain unconfirmed. Furthermore, today the SPY, Industrials and Transports closed down. What I wrote here remains fully valid. The primary trend remains bullish, as explained here, and more in-depth here. The […]

Dow Theory Update for August 26: Non confirmation persists, and hence the primary bull market has not been confirmed

posted on: August 26, 2014

Can momentum be arbitraged away? This is the title of an interesting article posted by Dorsey Wright, which you can find here. As you will see momentum strategies (and the Dow Theory is part and parcel of momentum) are very likely to continue performing in the future because of two reasons: a) Momentum tends […]

Dow Theory Update for August 25: SPY continues making higher closing highs unconfirmed by the Transports and Industrials

posted on: August 25, 2014

No changes on the precious metals front US STOCKS The chart below says it all. Only the SPY has broken up the blue horizontal line (primary bull market highs): The Industrials and Transports remain below the primary bull market highs Hence, we cannot declare the second reaction finished and the primary bull market reconfirmed. […]