Category: Insights

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 […]

Dow Theory Update for May 15: Gold and silver close to reconfirming primary bear market

posted on: May 15, 2013

Stocks make higher highs Let’s get started with our Dow Theory commentary for today. Stocks The SPY, Industrials and Transports made higher highs. The primary and secondary tend is bullish. Today’s volume was higher than yesterday, which is bullish as higher prices were met by expanding volume. Gold and silver GLD and SLV closed down. […]

Dow Theory Update for May 14: Stocks make higher highs

posted on: May 14, 2013

Gold and silver at crossroads Stocks The SPY, Industrials and Transports made higher highs (see chart below). Such higher highs re-confirm the primary bull market in stocks. The primary and secondary trend remains bullish. Be it QE, be it inflation ahead, be it who knows what…higher highs confirm the primary bull market Today’s volume was […]

Dow Theory Update for May 13: SPY makes higher high unconfirmed

posted on: May 13, 2013

Gold and silver complete set up for primary bull market signal Let’s get started with our Dow Theory commentary in this blog. More on paper gold woes Jeff Nielson, of The Street.com seems to get it right concerning paper gold woes. People are not deserting gold, but “paper gold” which is quite a different beast. […]

Dow Theory update for May 10: SPY and Industrials make higher highs

posted on: May 10, 2013

Gold makes lower low unconfirmed by silver What lies behind gold’s decline? One Bad Adder is another follower of FOFOA’s blog whose comments, in my opinion, deserve to be heard. In this comment (posted on May 10 at 12:00 AM), he summarily explains the real cause behind gold’s decline. Contrary to conventional wisdom, gold went […]