Category: Insights

Dow Theory Update for May 30: Stocks close up but fail again to better recent highs

posted on: May 30, 2013

Gold seems to gain some strength on USD weakness Let’s get started with our Dow Theory commentary on this blog for today. Stocks The SPY, Transports and Industrials close up. However, no index has been able to better recent highs. The longer this situation persists, the higher the odds for a secondary reaction. The […]

Dow Theory Update for May 29: Yesterday’s higher high by the Industrials remains unconfirmed

posted on: May 29, 2013

Trends remain unchanged The secular bear market is not finished yet Danielle Park of the “Juggling Dynamite” blog, echoing Vitaliy Katsenelson, is of the opinion that the secular bear market in stocks that began in the year 2000 is far from over. PER and profit margins (and record highs) speak against a new secular bull […]

Dow Theory Update for May 28: Industrials make higher high unconfirmed

posted on: May 28, 2013

Precious metals unable to rally Let’s begin with our Dow Theory commentary for today. Stocks The SPY, Transports and Industrials closed up. However, only the Industrials made a higher high. The longer non confirmation by either the SPY or the Transports persist the higher the odds for a secondary reaction to develop. Today’s volume was […]

Dow Theory Update for May 24: No changes in trends

posted on: May 24, 2013

I write these lines two hours before the close, as I will be off for a couple of days. I see on the screens no significant event under Dow Theory. Accordingly, the primary and secondary trend remains unchanged for all the markets I monitor. See you again on May 28th. Sincerely, The Dow Theorist.

Dow Theory special issue: Dissecting the classical/Rhea Dow Theory record

posted on: May 24, 2013

Part I In previous posts of this Dow Theory blog, we occupied themselves with the evaluation of the Dow Theory performance, as explained here. Furthermore, we broke down such data into secular and bull markets as presented here and here. One thread in common was that all these studies focused on a comparison of the […]

Dow Theory Update for May 23: Stocks close down. No change in trends

posted on: May 23, 2013

Gold and silver up. Jon Strebler of the Dow Theory Letters nails it. A couple of days ago, Jon Strebler, Russell’s associate in the Dow Theory Letters, nailed it. He advocated for minimalism in investing. The less noise, the less information, which mostly is random, the better. The bottom line for him is the charts. […]

Dow Theory update for May 22: Bearish action in both stocks and precious metals

posted on: May 22, 2013

Trends remain unchanged Richard Russell of the Dow Theory Letters sees no distribution in the stock market. Readers of this Dow Theory blog know that I observed an improvement in volume readings in the last few days (with today’s exception). It seems Richard Russell has reached similar conclusions, as in his last two Dow Theory […]

Dow Theory Update for May 21: Is gold and silver rally fizzling?

posted on: May 21, 2013

SPY and Industrials make higher highs. Let’s see what the Dow Theory has in store for us today. Stocks The SPY, Transports and Industrials closed up. The SPY and Industrials managed to make higher highs. The primary and secondary trend of the market is bullish. Today’s volume was higher than yesterday’s, which is bullish as […]

Dow Theory update for May 20: Gold and silver’s colossal outside reversal bar

posted on: May 20, 2013

Stocks’ rally stalls 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. Volume was lower than Friday’s, which, once again, has a bullish connotation. Gold and Silver Gold and silver closed up. They didn’t only close up, but they […]

Dow Theory special issue: Introducing Schannep’s stoploss for the stock market

posted on: May 17, 2013

In my previous post, I made some observations concerning the unrealized gains made by those following the primary bull market signal in the stock market. I finished my observations by mentioning two tools to help the investor avoid devastating losses (or to lock in profits) if the trend suddenly reverses. One of this “tools” is […]

Dow Theory Update for May 17: Primary bear market re-confirmed for gold and silver

posted on: May 17, 2013

Evaluating the unrealized gains hitherto made in SPY by the current primary bull market signal. It is time to make a small recap about the current primary bull market signal and the unrealized profit hitherto made by those following the Dow Theory. It is also time to take a closer look at our stop […]

Dow Theory Update for May 16: Gold and silver still flirting with danger

posted on: May 16, 2013

Stocks closed down. Let’s get started with our Dow Theory analysis for today. Stocks The SPY, Industrials and Transports closed down. The primary and secondary trend remains bullish. Today’s volume was lower than yesterday’s, which makes it a bullish volume day as declining prices were no joined by expanding volume. The overall patter of volume […]