Category: Insights

Dow Theory Update for August 27: Secondary reaction for stocks continues

posted on: August 27, 2013

GDX fails to confirm SLV’s breakup Let’s get started with our commentary in this Dow Theory blog. Stocks The SPY, Industrials, and Transports closed down. The primary trend is bullish, as explained here, and more in-depth here. The secondary is bearish, which implies an ongoing secondary reaction against the primary bullish trend, as explained here. […]

Dow Theory Update for August 26: Stocks continue in a secondary reaction

posted on: August 26, 2013

Zero Hedge and What to expect of secular bear markets? Under the title “Is The Secular Bear About To Growl?”, Zero Hedge has published an interesting article concerning the extent of cyclical bull markets that occur within secular bear markets, and more importantly the losses likely to be made when the bear reasserts itself. On […]

Dow Theory Update for August 23: The “status quo” not ready to unglue

posted on: August 23, 2013

Gold and Silver near primary bull market signal…but not yet The title of today’s post on this Dow Theory blog is “status quo” because, the charts seem to show that, at least short term, things will continue as usual. Thus, bonds have, momentarily, arrested their decline; paper gold continues surging (even though by my Dow […]

Dow Theory Update for August 22: Stocks and precious metals closed up

posted on: August 22, 2013

Secondary trend for stocks remains bearish Let’s get started with our Dow Theory commentary for today in this blog. Stocks The SPY, Industrials, and Transports closed up. The primary trend is bullish, as explained here, and more in-depth here. The secondary is bearish, which implies an ongoing secondary reaction against the primary bullish trend, as […]

Dow Theory Update for August 21: Secondary correction for stocks continues unabated

posted on: August 21, 2013

Precious metals consolidating Let’s get started with our Dow Theory commentary for today. Stocks The SPY, Industrials, and Transports closed down. The primary trend is bullish, as explained here, and more in-depth here. The secondary is bearish, which implies an ongoing secondary reaction against the primary bullish trend, as explained here. Today’s volume was higher […]

Dow Theory Update for August 20: No changes in trends

posted on: August 20, 2013

Gold and silver miners ETFs consolidate gains. Let’s get started with our Dow Theory commentary for today. Stocks The SPY, and Transports closed up. The Industrials closed down. The primary trend is bullish, as explained here, and more in-depth here. The secondary is bearish, which implies an ongoing secondary reaction against the primary bullish trend, […]

Dow Theory Update for August 19: Deflationary day

posted on: August 19, 2013

Trends unchanged. At last, one day without significant DowTheory events. Thus, after some lengthy posts, today I am going to keep it short in this Dow Theory blog. Stocks The SPY, Transports, and Industrials closed down. The primary trend is bullish, as explained here, and more in-depth here. The secondary turned bearish, which implies an […]

Face off: Schannep versus “classical” Dow Theory

posted on: August 17, 2013

Part III Overall performance figures (2) Let’s continue with our analysis of the Schannep’s version of the Dow Theory versus the “Rhea/classical” one. The first post of this saga, which you can find here, set out the premises of our study, as it is important to do a real “apple to apples” comparison. The second […]

Dow Theory Update for August 16: Secondary trend for stocks turns bearish

posted on: August 16, 2013

Did GLD signal a primary bull market yesterday? Yesterday I expressed my qualms as to whether GLD, by breaking up the 07/23 secondary reaction highs, had signaled a primary bull market. Let’s go back to the basics. The most common Dow Theory pattern for a primary bull market signal is as follows: 1. Ongoing primary […]

Dow Theory Update for August 15: Explaining the latest primary bull market signal for SIL and GDX

posted on: August 15, 2013

Stocks collapse on heavy volume Dow Theory relevant events are piling up, and my time is in short supply. Let’s try to address them in today’s post on this blog. Fofoa’s best explanation of negative GOFO and what it means for physical gold. Yesterday, I alluded to an interesting article on Seeking Alpha concerning GOFO, […]

Dow Theory Update for August 14: Primary Bull Market for gold and silver miners signaled today

posted on: August 14, 2013

GDX and SIL in a primary bull market under the Dow Theory Great article from Dave Kranzler connecting the dots between GLD declining inventories and negative GOFO. Dave Kranzler penned a great article in Seeking Alpha whereby he makes a compelling analysis of the negative GOFO, its relationship with declining GLD inventories, and the […]

Dow Theory Update for August 13: GDX refuses to confirm SIL breakup

posted on: August 14, 2013

Primary bull market in gold and silver stock miners not signaled yet Sorry for the delay, but I had internet problems. Stocks The SPY and Industrials closed up. The transports closed down. The primary and secondary trend is bullish, as explained here, and more in-depth here. Today’s volume was higher than Friday’s. Since stocks closed […]