Sincerely,The Dow Theorist
No time to write today. Trends (primary and secondary) remain unchanged. Stocks becoming even more overbought. Sincerely, The Dow Theorist
Does momentum investing really work? If you still doubt it, go and read my yesterday’s post. US Stocks The SPY, Transports and Industrials closed up, and all of them made higher confirmed closing highs. The bullish picture for stocks continues. Eventually, trends will change but my Dow Theory readings continue to tell me what they […]
Debunking anti-trend following myths and how the Dow Theory boosts momentum strategies. AQR Capital Management has recently issued a working paper, which confirms something Dow Theorists, and in general trend followers have never doubted: Momentum (trend following) works. Dorsey Wright’s website has published the whole paper, which you can read here. The conclusions […]
Should Dow Theorists panic? Zero Hedge reports that Steen Jakobsen, Chief Investment Officer of Saxo Bank, believes that in the second half of 2014 stocks are likely to correct 30%. Such a prediction is based on fundamental reasons, of course. So what should be done? My answer: Nothing. We should do nothing because as Dow […]
We, primary trend Dow Theorists, simply don’t care Ed Yardeni, of the Dr. Ed’s Blog, has just posted that the Dow Theory is bullish. I agree with him. In his post, he states (something which has been defended by Schannep of “thedowtheory.com” long time ago) that we are in the midst of a powerful secular […]
And hence, the odds favor the continuance of the primary and secondary trend. Let’s see what the Dow Theory has in store for us today. US Stocks The SPY, Transports and Industrials closed up, and thereby made higher closing highs. According to the Dow Theory confirmed higher highs tend to signal that the current trend […]
Gold and Silver extend losses. US Stocks The SPY, and Industrials closed up, and thereby made higher closing highs. The Transports 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 and March 7th, 2014, for […]
Trends unchanged No post today. Sincerely, The Dow Theorist
Transports make higher closing high unconfirmed. Recently, one comment on one post of mine on Seeking Alpha raised the point of manipulation and how it can affect the Dow Theory. Here you have the question and my answer: Sharpe_Spectator Lets say the fundamentals are messed up and a group of fund managers get together […]
The SPY and Transports make higher closing highs US Stocks The SPY, Transports and Industrials closed up. On May 19, the Transports made a higher closing high which was confirmed last Friday by the SPY. So confirmation has occurred pretty quickly, which technically, and all the gloom and doom notwithstanding, tells me that the odds […]
Danielle Parkdebunks buy and hold. Danielle Park’s blog “Jugglingdynamite” nails it down. It exposes the hypocrisy of the ultra rich when it comes to favoring buy and hold. Her points are: · Drawdown tolerance and time horizon dramatically differ between “the very rich” and the smaller shareholders. · Book value gains are nice and dandy […]
