Category: Insights

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 […]

Dow Theory Update for July 16: Primary bear market in stocks still in force

posted on: July 16, 2013

Stocks close down, and Transports fail to confirm Formidable article on Maulding Economics concerning what is really happening to gold I give you the link without further ado: http://www.mauldineconomics.com/ttmygh/what-if If you are serious about understanding current developments, you are encouraged to read it. However, as with any “fundamental” opinion, so should put it into a […]

Dow Theory Update for July 15: Transports, once again, refuse to confirm higher highs

posted on: July 15, 2013

Primary bear market for stocks still in force until Transports confirm. Let’s get started with our Dow Theory commentary for today. Stocks The SPY, Industrials, and Transports closed up. As you can see on the chart below, the Transports have not bettered the last recorded highs (blue horizontal line) yet, and, accordingly, as explained here, […]

Dow Theory Update for July 12: Dissecting GDX and SIL’s secondary reaction

posted on: July 12, 2013

I am writing before the close, so I cannot provide you with closing figures. If the Transports exceed their 05/17/2013 closing high, then a primary bull market would be signaled, as both the SPY and the Industrials broke up their respective closing highs yesterday. More about such breakup, and the relevant chart here.If GLD and […]

Dow Theory Update for July 11: Stocks missed primary bull market signal by a hair

posted on: July 11, 2013

Secondary trend for GDX and SIL turns bullish Good article on Seeking Alpha concerning negative GOFO Dave Kranzler penned an interesting article “What GOFO is and Why it’s now very bullish for gold”. In a very straightforward manners he makes clear that there is an acute shortage of physical gold, and that past occurrences of […]