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 […]
Lower minor low made April 15 by SLV remains unconfirmed by GLD US Stocks The SPY and Industrials closed down. Yesterday, the Transports made a higher closing high which was not confirmed by either the SPY or Industrials. Confirmation should follow soon, so that we don’t consider the last rally suspect. Today’s action makes such […]
Coiling in precious metals intensifies. US Stocks The SPY and Industrials closed up. The Transports made a higher closing high which has not been confirmed by either the SPY or Industrials. Confirmation should follow soon, so that we don’t consider the last rally suspect. The primary trend remains bullish, as explained here, and more in-depth […]
And no time to post today. Sincerely,The Dow Theorist
Sincerely,The Dow Theorist
Gold and Silver’s and GDX and SIL’s coiling continues. US Stocks The SPY and 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 and March 7th, 2014, for the reasons given here, here […]
Hopefully, tomorrow brings us more news. Sincerely,The Dow Theorist
Richard Russell on valuations I have written in the past that I am very skeptical as to the yardsticks used in order to determine values. Among many reasons, I believe that using a fixed figure like PER>20 “expensive” is self-defeating as the total capital stock of the economy changes and the underlying rate of discount […]
Speaking theUnspeakable This is the title of the article penned by John Rekenthaler, Vice President of Research of Morningstar. So, what’s the Unspeakable? Answer: The validity of technical analysis as a legitimate investment tool. The article makes clear that technical investing, and particularily, momentum investing definitely tends to put investors on the right side of […]
