Category: Insights

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 […]

Dow Theory Update for August 12: Gold and silver miners still close to signaling primary bull market signal

posted on: August 12, 2013

Stocks indecisive Let’s get started with our Dow Theory commentary for today on this blog. Stocks The SPY and Industrials closed down. The transports closed up. Nothing relevant under the Dow Theory. The primary and secondary trend is bullish, as explained here, and more in-depth here. Today’s volume was lower than Friday’s. Since stocks closed […]

Face off: Schannep versus “classical” Dow Theory

posted on: August 9, 2013

Part II. Overall performance figures Today we will continue our comparison of the “Rhea/classical” Dow Theory versus the Schannep’s version thereof. Our previous post, which you can find here, set out the premises of our study, as it is important to do a real “apple to apples” comparison. Today, we will begin to evaluate the […]

Dow Theory Update for August 9: Gold and silver miners close to flashing primary bull market signal

posted on: August 9, 2013

Stocks close down More in-depth analysis of the Dow Theory Later today, I will post the next issue of the saga “Face off: Schannep versus “classical” Dow Theory”, whose first part can be found here. Zero Hedge sheds some light on the physical gold situation. Here you can find an interesting article concerning physical gold […]

Dow Theory Update for August 8: Precious metals gap up. Stocks close up

posted on: August 8, 2013

Primary and secondary trends unchanged Next weekend, I will post the next issue in the saga “Face off: Schannep versus “classical” Dow Theory”, whose first part can be found here. Let’s examine the markets under the prism of the Dow Theory Stocks The SPY, Industrials and Transports closed down. The primary and secondary trend is […]

Dow Theory Update for August 7: Stocks closed down. Trends unchanged

posted on: August 7, 2013

GLD and SLV close modestly positive Let’s get started with our Dow Theory commentary for today. Stocks The SPY, Industrials and Transports closed down. The primary and secondary trend is bullish, as explained here, and more in-depth here. Today’s volume was lower than yesterday’s. Since stocks closed down, expanding volume has a bullish connotation. Volume […]

Dow Theory Update for August 6: Deflationary day. Stocks and precious metals fall

posted on: August 6, 2013

Richard Russell has had enough of this bull market Yesterday Richard Russell, of the “Dow Theory Letters”, wrote he was going to stay on the sidelines. While he acknowledges that according to strict Dow Theory the market is bullish, poor valuations prompted him to say “enough” and kiss good bye to stocks. A future post […]

Dow Theory Update for August 5: Primary bull market setup progresses for SIL and GDX

posted on: August 5, 2013

However, SIL and GDX’ trend remains bearish Today has been a relevant day when we examine the markets under the prism of the Dow Theory. Stocks The SPY, Transportors, and Industrials closed down. The primary and secondary trend is bullish, as explained here, and more in-depth here. Today’s volume was lower than Friday’s. Since overall […]

Dow Theory Update for August 2: Trends remain unchanged

posted on: August 2, 2013

Stocks closed mostly up. Let’s begin our Dow Theory commentary for today. 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 lower than yesterday’s. Since overall the stocks market was “up”, contracting volume has a bearish […]