Category: Insights

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 […]

Dow Theory Update for August 1: Stocks make confirmed higher highs

posted on: August 1, 2013

Primary bull market for stocks re-confirmed Stocks The SPY, Industrials and the Transports closed up. The three indices we monitor bettered the most recent recorded closing highs, and accordingly the primary bull market has been re-confirmed. Here you have the chart that says it all: Primary bull market re-confirmed today The primary and secondary […]

Dow Theory Update for July 31: Stocks and precious metals meandering

posted on: July 31, 2013

Trends unchanged Let’s analyze the markets under the prism of the Dow Theory. It is summer time, and, accordingly, this commentary will be short in the following days unless something really relevant is spotted on the charts. Any energy and free time left will be devoted to continuing the saga “Face off: Schannep versus “classical” […]

Dow Theory Update for July 30: Indecisive day for stocks

posted on: July 30, 2013

Precious metals close down Let’s get started with our Dow Theory commentary on this blog for today. Stocks The SPY closed unchanged and the Industrials closed down. The Transports closed up. Here you have an updated chart reflecting the latest action of the three indices we monitor: Primary and secondary trend remains bullish The primary […]

Dow Theory Update for July 29: Stocks and precious metals close down

posted on: July 29, 2013

Trends remain unchanged. 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 Friday’s, which is bullish as lower prices were not confirmed by expanding volume. The overall pattern of volume is bearish. Gold and Silver SLV and […]

Dow Theory Update for July 26: Stocks close modestly up

posted on: July 26, 2013

Agreements and disagreements with Richard Russell Richard Russell, of the Dow Theory Letters, has turned cautiously bullish on stocks. I agree with Russell as to the existence of a bull market, more exactly, a primary bull market. Now begins my disagreement. True to a bull market condition, he advises his readership to be invested in […]

Dow Theory Update for July 25: No major movements. Trends unchanged

posted on: July 25, 2013

Gold and silver consolidating Let’s get started with our Dow Theory commentary for today. Stocks The Transports and the Industrials closed down. The SPY closed up. Stocks seem to be taking a breather. The primary and secondary trend is bullish, as explained here, and more in-depth here. Today’s volume was higher than yesterday’s, which is […]

Dow Theory Update for July 24: No changes in trends for precious metals and stocks

posted on: July 24, 2013

Stocks showing weakness I am writing 25’ before the close. Stocks are likely to close down. Same applies to the gold and silver universe. Both the metals and the ETFs are down, as I write. However, no change of trends is going to occur today; not even of secondary importance. Sincerely, The Dow Theorist

Dow Theory Special Issue: Dissecting GLD and SLV secondary reaction

posted on: July 23, 2013

Yesterday, this Dow Theory blog voiced the existence of a secondary reaction for GLD and SLV, which means that the secondary trend has turned bullish. Here you have the relevant chart. The blue rectangles highlight the ongoing secondary reaction against the primary bearish trend. Blue rectangles show ongoing secondary reaction against primary bear market for […]