Category: Insights

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 […]

Dow Theory Update for July 19: SPY and Transports make higher highs

posted on: July 19, 2013

GDX and SIL extend secondary reaction against primary bear market I have just posted an in-depth explanation of the entrails of yesterday’s primary bull market signal for stocks. You can find it here. Richard Russell noticed the Transports new high (and all-time high) Richard Russell, of the Dow Theory Letters, described yesterday’s action by […]

Dow Theory special Issue: Assessing the current primary bull market signal

posted on: July 19, 2013

If you are a follower of this Dow Theory blog, you know that on July 18, a primary bull market in stocks was signaled. You can find the details here. And here you have the vital chart: On July18, the Transports broke up the last recorded closing highs. A new primary bull market was […]

Dow Theory Update for July 18: Primary bull market for stocks signaled today

posted on: July 18, 2013

The Transports finally confirm higher closing highs made by SPY and Industrials With no more preambles, let’s get commenced with our Dow Theory commentary for today. Stocks After some days lagging behind, the Transports finally managed to break above their 05/17/2013 closing highs, and thereby confirmed the Industrials and SPY’s prior breakout of 07/11/2013. A […]

Dow Theory Update for July 17: Precious metals weak

posted on: July 17, 2013

Primary trend of stocks continues bearish Let’s begin with our Dow Theory commentary for today. Stocks The SPY, Transports, and Industrials closed up. As explained here, the Transports have failed to confirm for 5 consecutive days the higher closing highs made by the Industrials and the SPY . Therefore, no primary bull market has been signaled […]