Category: Insights

Dow Theory Update for May 12: Stocks make confirmed higher highs

posted on: May 12, 2014

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 […]

Dow Theory Update for May 9: Industrials made a higher closing high unconfirmed

posted on: May 9, 2014

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 […]

Dow Theory Update for May 8: No noteworthy news

posted on: May 8, 2014

And little time available= no Dow Theory commentary today Sincerely, The Dow Theorist

Dow Theory Update for May 6: Trends unchanged

posted on: May 6, 2014

No time for lengthy posts today. Nonetheless, trends remain unchanged. Sincerely, The Dow Theorist

Dow Theory Update for May 5: SPY makes a higher closing high unconfirmed

posted on: May 5, 2014

Gold and Silver remain caught in very tight range Let’s see what the Dow Theory has in store for us today. US Stocks The SPY and Industrials closed up, and the SPY made a higher high (unconfirmed). The Transports closed down. The Industrials and Transports should confirm soon, so that I don’t begin to […]

Dow Theory Update for May 1: No time to post, no post today

posted on: May 1, 2014

And, unless I see something important, no post tomorrow. Sincerely, The Dow Theorist

Dow Theory Update for April 30: Zero Hedge sees interest rates and the USD coiled too

posted on: April 30, 2014

The Industrials finally break above the December 31 closing high Recently I wrote two times about the “coiling” of several markets. I said that the consolidation implies that a significant movement may be under gestation. You can find my two posts here and here. Well, it seems that Zero Hedges, a couple of days later, […]

Dow Theory Update for April 29: Another indinstinct day

posted on: April 29, 2014

“coiling” continues Let’s see what the Dow Theory has in store for us today. Not much. US Stocks The SPY, Industrials and Transports closed up. The higher highs made by the Transports remain unconfirmed for the time being. Remember that some days ago I noted that I saw not only lack of confirmation but also […]

Dow Theory Update for April 28: No changes in Trends

posted on: April 28, 2014

After having posted some hours ago an article concerning interest rates and how I see them coiled, I have exhausted my time to post. Since trends (primary and secondary) remain unchanged, I refer to my latest Dow Theory market analysis, which you can find here: http://www.dowtheoryinvestment.com/2014/04/dow-theory-update-for-april-25-are.html Sincerely, The Dow Theorist

Coiled markets and the Dow Theory: A closer look to TLT and IEF ETFs

posted on: April 28, 2014

In my last post, I wrote about consolidations I see occurring in several markets. Well, let’s take a look at interest rates (TLT and IEF, the 20+ years and 7-10 years bonds ETFs, respectively). It will be a very cursory analysis, as my time remains in short supply. Here you have the vital chart which […]

Dow Theory Update for April 25: Are markets setting up for an explosive move?

posted on: April 25, 2014

Gold and Silver miners ETFs display remarkable strength I see the markets coiled. While this is not strict Dow Theory, and you know I am very adamant about departing from the Dow Theory, I see that many markets are in a no-man’s land and getting ready to make a big move (the issue is: […]

Dow Theory Update for April 24: No news and no time to post

posted on: April 24, 2014

Go to my yesterday’s post to acquaint yourself with the current trends for stocks, gold and silver and their mining ETFs. http://www.dowtheoryinvestment.com/2014/04/dow-theory-update-for-april-23-again.html Sincerely, The Dow Theorist