Category: Insights

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, […]

Dow Theory Update for June 10: Richard Russell turns finally bullish

posted on: June 10, 2013

Secondary trend of gold and silver miners ETFs (GDX, SIL) turned bullish. In his last two Dow Theory Letters, Richard Russell, of the “Dow Theory Letters” has turned finally bullish on stocks. Of course, this is kind of contradictory with his stance a week ago, as I explained in my post “Time to be […]

Dow Theory Update for June 7: Stocks up on lower volume

posted on: June 7, 2013

Precious metals universe lethargic Let’s get started with our Dow Theory commentary for today. Stocks The SPY, Industrials and Transports closed up. The primary trend is bullish, and the secondary trend is bearish for the reasons explained here. Today’s volume was lower than yesterday, which has a bearish connotation as higher prices were not supported […]

Dow Theory Update for June 6: Stocks and precious metals closed up

posted on: June 6, 2013

Jon Strebler of the Dow Theory Letters continues bullish long term on stocks Jon Strebler’s more recent article in the “Dow Theory Letters” is full of common sense, while, once again, he cautions that a hair-curling correction may be at hand, he reminds readers that we should give the current primary bull market the […]

Dow Theory Update for June 5: Secondary trend for stocks turns bearish

posted on: June 5, 2013

Primary trend for stocks continues bullish. Readers of this Dow Theory blog know that the Dow Theory can be boring for those looking for hectic action. Days pass by and trends remain the same. Well, today is not one of these dull days. According to the Dow Theory, today we can label the secondary trend […]

Dow Theory Update for June4: Time to be out of the market?

posted on: June 4, 2013

Richard Russell of the Dow Theory Letters sees distribution days mounting up In his most-recentDow Theory Letter, Richard Russell pointed out that distribution days (down days with increasing volume) are mounting. Something similar has been penned on this Dow Theory blog here. According to Russell this is not a bullish sign as it shows […]

Dow Theory Update for June 3: Precious metals still trapped in primary bear market in spite of hopefull signals flashed by the miners

posted on: June 3, 2013

Transports fail to rally Let’s get started with our Dow Theory commentary for today: The SPY and Industrials closed up. The Transports closed down. No index has been able to break above the most-recent highs. However, it is too early to declare the existence of a secondary reaction for the reasons explain on last […]

Dow Theory special issue: Dissecting the classical/Rhea Dow Theory record. Profit factor and more

posted on: June 1, 2013

Part 2: Final statistics. Eight days ago, I posted “Dissecting the classical/Rhea Dow Theory record.” In that post, I examined vital statistics concerning the positions taken in pursuance of the Dow Theory primary bull and bear market signals. Today, we will expand further our analysis by focusing on: · Win to lose ratio. · What […]

Dow Theory Update for May 31: A Secondary reaction in the making?

posted on: May 31, 2013

Gold and silver unable to show strength Let’s get started with our analysis of the markets under the prism of the Dow Theory Stocks The SPY, Industrials and Transports closed down. While it is still too early to declare a secondary reaction in existence, we should keep our eyes glued on the charts. The Transports […]