Category: Insights

Dow Theory Update for November 1: GDX and SIL close to signaling a primary bear market signal

posted on: November 1, 2013

Gold and silver remain in secondary reaction against primary bear market Let’s see what the Dow Theory has in store for us 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 […]

Dow Theory Update for October 31: Are stocks topping out?

posted on: October 31, 2013

Deflationary day for stocks and precious metals Let’s get started with our Dow Theory commentary for today on this blog. 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 […]

Dow Theory Update for October 30: Stocks close down on subpar volume

posted on: October 30, 2013

Precious metals hold their own 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 lower than yesterday’s, which is bullish, as lower prices were met […]

Dow Theory Update for October 29: Industrials finally make higher highs

posted on: October 29, 2013

Precious metals back slightly off US stocks The SPY, Industrials and Transports closed up. The Industrials finally managed to break above the 09/18 closing highs (horizontal blue line), which is bullish. The Transports and SPY also made higher highs. Here you have an updated chart. The Industrials finally broke up previous highs. The primary […]

Dow Theory Update for October 28: Trends remain unchanged

posted on: October 28, 2013

Great article on “The Reformed Broker” debunking pet indicators Joshua M Brown’s article “Margin Debt: Another Bogeyman Slain” has done a good job in debunking “doom” indicators, which after careful analyses are proven to be worthless because of the faulty assumptions inherent in them. Thus, Joshua Brown analyses, one by one, the insider selling, the […]

Dow Theory Update for October 25: SPY makes higher highs unconfirmed

posted on: October 25, 2013

Trends remain unchanged Let’s get started with our Dow Theory commentary for today in this blog. 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. […]

Dow Theory Update for October 24: Transports make higher highs while lack of confirmation persists

posted on: October 24, 2013

Precious metals strong Today’s been a dull day under the Dow Theory. No changes in trends at all. Nobody said that investing according to the Dow Theory had to be exciting. The point is to be profitable and to contain losses, not to have an excitement “shot” every day. US stocks The SPY, Industrials and […]

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 […]