Category: Insights

Dow Theory Update for November 19: Stocks close down on lower volume

posted on: November 19, 2013

Richard Russell takes a breather At the tender age of almost 90 years, it seems that Richard Russell of the “Dow Theory Letters” is starting to take things easier after having been involved with the markets for almost 60 years. The bulk of the “Dow Theory Letters” is now written by two associates, Jon Strebler […]

Dow Theory Update for November 18: Stocks close down on lower volume

posted on: November 18, 2013

Precious metals weak, albeit trends remain unchanged US stocks The SPY, and Transports closed down. The Industrials closed up and made a higher closing high unconfirmed. The primary trend is bullish, as explained here, and more in-depth here. The primary trend was reconfirmed as bullish on October 17th and November 13th, for the reasons given […]

Dow Theory Update for November 15: No changes in trends

posted on: November 15, 2013

Today I am really short of time. There are no changes in trends. Neither in stocks, nor in the precious metals arena. Sincerely, The Dow Theorist

Dow Theory Update for November 14: Precious metals could be making a short term bottom

posted on: November 14, 2013

Stocks edge higher US stocks The SPY, Industrials and Transports closed up. The primary trend is bullish, as explained here, and more in-depth here. Well, it is almost four months since a primary bull market was signaled. As you can see in the spreadsheet at the bottom of this post, the unrealized profit amounts to […]

Dow Theory Update for November 13: Primary bull market for stocks reconfirmed

posted on: November 13, 2013

Stocks “in the clear” US stocks The SPY, Industrials and Transports closed up and bettered the last recorded primary bull market closing highs. This confirms the current primary bull market, and, accordingly, stocks are “in the clear”. Here you have an updated chart: It is a primary bull market climbing a wall of worry […]

Dow Theory Update for November 12: SIL and GDX draw even closer to a primary bear market signal

posted on: November 12, 2013

Strebler, of the Dow Theory Letters, nails it down with gold Strebler, one of Mr. Russell’s recent associates at the “Dow Theory Letters,” has recently written that the chart of gold, in spite of all wishful thinking, does not show a rosy picture for the metals. He shows that there are strong levels of resistance […]

Dow Theory Update for November 11: Industrials make higher high

posted on: November 11, 2013

SIL and GDX continue at critical juncture. Let’s get started with our Dow Theory commentary for today. US stocks The SPY,Industrials and Transports closed up. The primary trend is bullish, as explained here, and more in-depth here. The primary trend was reconfirmed as bullish on October 17th, for the reasons given here. Today’s volume was […]

Dow Theory Update for November 8: GDX and SIL continue flirting with a primary bear market signal

posted on: November 8, 2013

Industrials make higher high Let’s get started with our Dow Theory commentary for today. US stocks The SPY,Industrials and Transports closed up. The primary trend is bullish, as explained here, and more in-depth here. The primary trend was reconfirmed as bullish on October 17th, for the reasons given here. Today’s volume was much weaker than […]

Dow Theory Update for November 7: Stocks close down on strong volume

posted on: November 7, 2013

GDX and SIL flirting with a primary bear market signal US stocks The SPY,Industrials and Transports closed down. The primary trend is bullish, as explained here, and more in-depth here. The primary trend was reconfirmed as bullish on October 17th, for the reasons given here. Today’s volume was much stronger than yesterday’s. Actually, we have […]

Dow Theory Update for November 6: Industrials make higher closing high

posted on: November 6, 2013

Gold and silver remain caught in nowhere’s land US stocks The SPY and Industrials closed up. The Transports closed down. The primary trend is bullish, as explained here, and more in-depth here. The primary trend was reconfirmed as bullish on October 17th, for the reasons given here. Today’s volume was lower than yesterday’s, which is […]

Dow Theory Update for Nov 5: Indistinct day with bearish bias

posted on: November 5, 2013

Today is one of those days that bore traders craving for action. As you well know, most of the days are not relevant from a Dow Theory point standpoint. However, the diligent investor is advised to keep an eye on the market on a daily basis. US stocks The SPY, Industrials and Transports closed down. […]

Dow Theory Update for November 4: Transports make higher highs unconfirmed

posted on: November 4, 2013

Volume dries off US stocks The SPY, Industrials and Transports closed up. The primary trend is bullish, as explained here, and more in-depth here. The primary trend was reconfirmed as bullish on October 17th, for the reasons given here. Today’s volume was lower than Friday’s, which is bearish, as higher prices were not met by […]