Category: Insights

Dow Theory Update for October 22: In spite of fireworks in precious metals, trends remain unchanged

posted on: October 22, 2013

SPY and Transports make higher highs US stocks The SPY, Industrials and Transports closed up. The SPY and Transports made higher highs. The Industrials, in spite of closing higher, remain below the 09/18/2013 highs. The primary trend is bullish, as explained here, and more in-depth here. The primary trend was reconfirmed as bullish on October […]

Dow Theory Update for October 21: Richard Russell turns bullish on gold

posted on: October 21, 2013

Stocks take a breather Last Friday Richard Russell, of the “Dow Theory Letters”, turned bullish on gold. His point and figure chart showed a dramatic upside reversal out of a consolidation pattern, which also happened to break above the declining trendline. While Russell hasn’t nuanced the time frame for his bullishness on gold, I guess […]

Dow Theory Update for October 18: Stocks close up on bearish volume setup

posted on: October 18, 2013

Precious metals remain in nowhere’s land Ritholtz’ blog “The Big Picture” contains valid observations concerning 90% up days. Ritholtz’ blog “The Big Picture” posted recently an interesting post name “90% Up days are bullish” concerning 90% “up” days and subsequent price action. The study shows that 90% up days (which are defined by Ritholtz as […]

Dow Theory Update for October 17: Primary bull market re-confirmed for stocks

posted on: October 17, 2013

Technical picture for precious metals unchanged in spite of today’s accomplishments Richard Russell takes a break due to illness Richard Russell, of the “Dow Theory Letters” seems to be recovering after being sick. I wish him a good and swift recovery. US stocks The SPY and Transports closed up. The Industrials closed slightly down. Since […]

Dow Theory Update for October 16: Stocks close to exceeding primary bull market highs

posted on: October 16, 2013

Precious metals remain anemic Let’s commence with our DowTheory commentary on this blog. US stocks The SPY, Industrials and Transports closed up. The primary trend remains bullish, as explained here, and more in-depth here. The secondary trend is bearish (secondary reaction against the primary bull market) for the reasons explained here. Today’s volume was […]

Dow Theory Update for October 15: Stocks temporarily halt their rally

posted on: October 15, 2013

And Precious metals temporarily halt their decline with unconfirmed lower lows US stocks The SPY, Industrials and Transports closed down. The primary trend remains bullish, as explained here, and more in-depth here. The secondary trend is bearish (secondary reaction against the primary bull market) for the reasons explained here. Last Friday October 11th, the stock […]

Dow Theory Update for October 14: Stocks continue rallying

posted on: October 14, 2013

Volume doesn’t confirm stock’s rally US stocks The SPY, Industrials and Transports closed up. The primary trend remains bullish, as explained here, and more in-depth here. The secondary trend is bearish (secondary reaction against the primary bull market) for the reasons explained here. Last Friday October 11th, the stock market set up for a primary […]

Dow Theory Update for October 11: Stocks setup for a primary bear market signal

posted on: October 11, 2013

Dow Theory trailing stop raised today Today has been a rich day in Dow Theory relevant events. Let’s examine them. US stocks The SPY, Industrials and Transports closed up. The primary trend remains bullish, as explained here, and more in-depth here. The secondary trend is bearish (secondary reaction against the primary bull market) for the […]

Dow Theory Update for October 10: Stocks close strongly up

posted on: October 10, 2013

But trends remain unchanged Let’s get started with our Dow Theory commentary for today. US stocks The SPY, Industrials and Transports closed up. The primary trend remains bullish, as explained here, and more in-depth here. The secondary trend is bearish (secondary reaction against the primary bull market) for the reasons explained here. Today’s volume was […]

Dow Theory Update for October 9: Stocks temporarily arrest their decline

posted on: October 9, 2013

Precious metals remain anemic Let’s get started with our Dow Theory commentary on this blog. US Stocks Let’s take a look at the chart below: The secondary reaction (orange rectangles on the right side) puts the stock market in a diffcult juncture If at least two indices violated the red horizontal line (last recorded […]

Dow Theory Update for October 8: In spite of meltdown primary trend for stocks remains bullish

posted on: October 8, 2013

Today, once again, I am quite short of time. In spite of today’s meltdown, the primary trend for stocks remains bullish. Of course, the secondary trend remains bearish. Tomorrow, I’ll report more in-depth. See you then Sincerely The Dow Theorist

Dow Theory Update for October 7: Stocks extend secondary reaction by making lower lows

posted on: October 7, 2013

Formidable article concerning the secular condition of the market Zero Hedgenailed again by posting an article featured by Ed Easterling of Crestmont Research via dshort.com . The article makes clear that current valuations are far from those seen at the start of secular bull markets. Furthermore, the authors conclusively show that the “hangover” from the […]