Category: Insights

Dow Theory Update for September 9: Second step for primary bear market signal completed today

posted on: September 9, 2013

However, until proven otherwise, stocks remain in a primary bull market Last Friday I posted a new episode of the saga “Face off: Schannep versus classical Dow Theory,” which you can find here. Let’s get started with our Dow Theory commentary for today. Stocks The SPY, the Industrials and Transports closed up. The primary trend […]

Face off: Schannep versus “classical” Dow Theory

posted on: September 6, 2013

Part IV. Performance comparison under secular bull markets. Until now this series “Face off: Schannep versus “classical” Dow Theory has focused on comparing Schannep’s and “Rhea/classical” Dow Theory irrespective of the secular condition of the market. In part I we set out the premises of our study (so that we conduct an apple to apples […]

Dow Theory Update for September 6: Indecisive day. No changes in trends

posted on: September 6, 2013

Precious metals modestly up. Is a secular bull or bear market? Doug Short has penned on Seeking Alpha a great article concerning secular bull and bear markets. You can find it here Another great article by Doug Short concerning the current state of overvaluation of the stock market can be read here on Seeking Alpha: […]

Dow Theory Update for September 5: Gold and silver miners ETFs weak

posted on: September 5, 2013

Stocks closed up, once again. This is going to be a short post, since there are no big Dow Theory relevant events. Stocks The SPY, Transports, and Industrials closed up. Last Friday, the Transports made a lower low unconfirmed by the SPY and Industrials. The longer non-confirmation persists, the higher the odds for the end […]

Dow Theory Update for September 4: Trends unchanged in spite of stock’s surge

posted on: September 4, 2013

Gold and silver: consolidation or running out of steam? New “page” dedicated to the saga “Face-off: Schannep versus classical Dow Theory” Readers of this Dow Theory blog know that I have been writing several posts concerning Schannep’s superiority versus the “Rhea/classical” Dow Theory (which in itself is also very good, as was demonstrated here, here […]

Dow Theory Update for September 3: Precious metals closed up but remain beneath last recorded highs

posted on: September 3, 2013

Stocks still caught in secondary reaction Let’s get started with our Dow Theory commentary for today on this blog. The SPY, Transports, and Industrials closed up. Last Friday, the Transports made a lower low unconfirmed by the SPY and Industrials. The longer non-confirmation persists, the higher the odds for the end of the secondary reaction. […]

Dow Theory Update for August 30: Trends unchanged

posted on: August 30, 2013

Gold and silver back off Let’s get started with our Dow Theory commentary for today on this blog. Stocks The SPY, Transports, and Industrials closed down. The Transports made a lower low unconfirmed by the SPY and Industrials. The longer non-confirmation persists, the higher the odds for the end of the secondary reaction. The primary […]

Dow Theory Update for August 29: Stocks consolidating. Secondary reaction unchanged

posted on: August 29, 2013

Gold and silver miners modestly up Stocks The SPY, Transports, and Industrials 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 explained here. The chart below displays the current state of the secondary reaction […]

Dow Theory Update for August 28: Gold refuses to flash primary bull market signal

posted on: August 28, 2013

Stocks continue trapped in secondary reaction 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 secondary is bearish, which implies an ongoing secondary reaction against the primary bullish trend, as explained here. Today’s volume was lower than yesterday’s. Since stocks […]

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 […]