Category: Insights

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 […]

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 […]