Category: Insights

Dow Theory Update for June 24: Stocks and Gold and silver miners ETFs make lower lows

posted on: June 24, 2013

Digging deeper into a secular bear market Let’s get started with our Dow Theory commentary for today. Is the secular bear market still alive? Last Friday when I was assessing the last position taken in pursuance of the Dow Theory, I wrote that my “benchmark” was the average gain and duration of transactions taken during […]

After the dust hast settled: Commentary to the Dow Theory primary bear market signal

posted on: June 21, 2013

Its implications for investors As I announced earlier today on this Dow Theory blog, today a primary bear market has been signaled. Those really interested in understanding the intricacies of this primary bear market signal, and the setup that preceded it, are encouraged to go here (for today’s description of the primary bear market signal), […]

Dow Theory Update for June 21: Primary bear market for stocks signaled today

posted on: June 21, 2013

People long stocks should get ultra careful Let’s give my readers the “meat” straight away, as today the Dow Theory spoke once again. The Transports by closing below its June 5 lows have just signaled a primary bear market. Yesterday, the Industrials and the Transports violated their respective June 5 lows, and for the reasons […]

Face off: Schannep versus “classical” Dow Theory

posted on: June 20, 2013

Part I. Delineating the object of our study It is no secret that this blogger truly yours has always passionately defended Schannep’s Dow Theory “flavor.” For the uninitiated, it suffices to say that the Dow Theory is not monolithic and, hence, different variations of a common theme cohabit in hopefully peaceful harmony. More about the […]

Dow Theory Update for June 20: Meltdown in all markets

posted on: June 20, 2013

Primary bear market in GDX and SIL reconfirmed With no more preambles let’s get started with a day rich in Dow Theory relevant events. Stocks It goes without saying that the Industrials, SPY, and Transports closed down. As to our vital qualification of trends, here it gets tricky today. If I’d follow 100% Schannep (and […]

Dow Theory Update for June 19: Primary bear market for gold and silver reconfirmed

posted on: June 19, 2013

Stocks take a nosedive. Stocks The SPY and Industrials, and Transports closed down. The primary trend is bullish, and the secondary one is bearish for the reasons given here. Today’s action brought the stock indices closer to the June 5 lows. If the June 5 lows were to be violated a primary bear market would […]

Dow Theory Update for June 18: Who is one of the best market timers as per the Wall Street Journal?

posted on: June 18, 2013

Answer: Jack Schannep of “thedowtheory.com“ Mark Hulbert, of MarketWatch.comhas recently penned an interesting article for the Wall Street Journal, whereby market timers are scrutinized. You can find Hulbert’s article here. The article begins with a pearl of common sense. I quote: “The best-performing advisers who focus on calling market turns are giving the bull market […]

Dow Theory Update for June 17: No change in trends

posted on: June 17, 2013

Precious metals meandering Stocks The SPY and Industrials closed up. The Transports closed down. The primary trend is bullish, and the secondary one is bearish for the reasons given here. The stock market remains in a delicate situation. If the June 5 lows were to be violated a primary bear market would be signaled, as […]

Dow Theory Update for June 14: Stocks down but the June 5 lows were not violated

posted on: June 14, 2013

Russell once again lukewarm with the stock market Stocks The SPY, Industrials and Transports closed down. The primary trend is bullish, and the secondary one is bearish for the reasons given here. The longer the 06/05/2013 lows hold, the better the odds for a new rally, which would move stocks away from the danger […]

Dow Theory Update for June 13: Stocks dodge the bear market bullet. At least for one more day

posted on: June 13, 2013

Secondary trend for gold and silver miners ETFs continues bullish Let’s see what the Dow Theory has in store for us today. Stocks The SPY, Industrials, and Transports closed up. The primary trend is bullish, and the secondary trend is bearish (ongoing secondary reaction). In my last two posts, I insisted that the market should […]

Dow Theory Update for June 12: Dow Theory trailing stop raised. Profits likely to be locked in

posted on: June 12, 2013

Gold and Silver might be making a bottom under Dow Theory Today is another day rich in Dow Theory relevant events. With no more preambles let’s get started. Stocks The SPY, Transports and Industrials closed down. The primary trend is bullish, and the secondary trend is bearish. The secondary reaction lows of 06/05/2013 are our […]

Dow Theory Update for June 11: Secondary reaction for GDX and SIL explained

posted on: June 11, 2013

Stocks closed down. Secondary trend for GDX and SIL explained Yesterday I said that the secondary trend for GDX and SIL hat turned bullish, which is tantamount to saying that a secondary reaction against the primary bearish trend is in place. We know that, under Dow Theory, when dealing with stock indices like the SPY, […]