Category: Insights

Dow Theory Update for April 29: Gold and silver setting up for a primary bull market

posted on: April 29, 2013

SPY makes unconfirmed higher highs. Secondary trend of gold and silver turns bullish Today has been a day rich in Dow Theory events. We shall deal with them accordingly in this Dow Theory blog. Stocks The SPY, Industrials and Transports closed up. The SPY managed to make a higher high on a closing basis. However, […]

Dow Theory Update for April 26: Stocks meandering

posted on: April 26, 2013

GLD cannot stop puking Doug Short reports durable goods orders plunged in March Doug Short, a market analyst I respect, reported in Seeking Alpha that durable goods orders collapsed in March. He makes a conclusive case (supported by charts) that there is a strong correlation between durable goods orders and subsequent S&P performance. If past […]

Dow Theory Update for April 25: Gold retraces almost ½ of lost ground

posted on: April 25, 2013

Stocks closed up near highest highs Let’s get started with our Dow Theory commentary in this blog. Stocks The SPY, Industrials and Transports closed up. The primary and secondary trend remains bullish. Today’s volume was higher than yesterday’s, which is bullish and higher prices were supported by expanding volume. We have had 3 bullish […]

Dow Theory Update for April 24: Precious metals finally display some strength

posted on: April 24, 2013

Indecisive action in stocks Let’s see what the Dow Theory has in store for us today. Stocks Yesterday I was wondering whether under Dow Theory, we can declare the existence of a secondary reaction. After carefully studying the charts of the SPY, Industrials and Transports, I conclude that under strict Dow Theory, we cannot […]

Dow Theory Update for April 23: Stocks closed up but fail to better recent highs

posted on: April 23, 2013

Precious metals fail to reverse bearish trends Russell warns of excessive bullishness among investment advisors In his last two Dow Theory Letters, Richard Russell has warned that bullish advisers clearly outnumber bearish advisers. Normally, such excessive bullishness tends to beget at the very least a secondary reaction. However, as readers of this Dow Theory blog […]

Dow Theory Update for April 22: No change in trends in the markets

posted on: April 22, 2013

Stocks and precious metals up Today is going to be a short post in this Dow Theory blog. Stocks The SPY, Industrials and Transports closed up. The primary and secondary trend remains bullish. Today’s volume was lower than Friday’s, which has a bearish connotation. Gold and silver GLD and SLV closed up. Too soon to […]

Dow Theory Update for April 19: The moment of truth for stocks

posted on: April 19, 2013

Will the decline be arrested or a mere respite before the fall? It seems that all markets are testing the waters before either starting a new rally or resume declines. Under Dow Theory, there are no changes in trends. Stocks The SPY, Industrials, and Transports closed up. The primary and secondary trend remains bullish. Today’s […]

Dow Theory Update for April 18: Stocks down

posted on: April 19, 2013

Gold up and silver down No big news under the Dow Theory 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 is bullish as declining prices were met by contracting volume. Gold and silver GLD’s inventory bleeding continues. Almost two tonnes […]

Dow Theory Update for April 18: To be published tomorrow before the open

posted on: April 18, 2013

Thx for your comprehension. Sincerely, The Dow Theorist

Dow Theory Update for April 17: Stocks close down

posted on: April 17, 2013

Gold and silver stabilizing? On the importance of sticking to the trend The “Trendfollowing trader” makes clear in one graph why the investor should stick with the trend, and he proves that the adage “sell in May and go away” would have been devastating to investors on the long run. Stocks The SPY, Industrials and […]

Dow Theory Update for April 16: Gold and silver still licking their wounds

posted on: April 16, 2013

Stocks moderately up Turd Ferguson has elaborated on the two alternative end games for gold I blogged yesterday that I am seeing two distinct outcomes for gold. In a nutshell: Either we are just undergoing a severe correction and even the end of the bull market, or we are getting very close to the demise […]

Dow Theory special issue: Random thoughts about gold and silver

posted on: April 15, 2013

Lessons learned and probable outcomes Gold and silver precipitous fall has taught us (or better said re-taught) some valuable lessons. Technical action was right on the spot whereas fundamental-based readings of the precious metals markets have been proven wrong. If you have been following this Dow Theory blog for some time you will remember than […]