Category: Insights

Dow Theory Update for March 27: Precious metals seems to awake

posted on: March 27, 2013

Stocks meandering Zero Hedge highlights bearish volume In a post entitled “Autopsy of a Death Market”, Zero Hedge made clear today that volume in the last few days has been ominously bearish. We have taken a similar stand in this Dow Theory blog. Stocks The SPY closed unchanged. The Transports closed up, but failed to […]

Dow Theory Update for March 26: Industrials make higher highs unconfirmed

posted on: March 26, 2013

Precious metals: The moment of truth is near Let’s get started with our Dow Theory commentary for today in this blog. Will a correction be averted? The “Big Picture” blog contains an interesting article that shows that too many writers (yours truly included) expect a secondary reaction and, thus, this shows that the selling has […]

Dow Theory Update for March 25: Distribution days pile up

posted on: March 25, 2013

Precious metals: Still weak. Let’s see what the Dow Theory has in store for us today. Stocks The SPY, Industrials and Transports closed down. While I believe that we are already under a secondary reaction, according to the Dow Theory it is too early to tell. We need at least a pullback exceeding 3% in […]

Dow Theory Update for March 22: Stocks up but fail to make higher highs

posted on: March 22, 2013

GLD leaking gold again Let’s begin our Dow Theory commentary for today. Stocks The SPY, Industrials and Transports closed up. The primary and secondary trend remains bullish. However, I note that the 03/14/2013 highs have not been bettered. Today’s volume was lower than yesterday, which makes it a bearish volume day, as higher prices were […]

Dow Theory Update for March 21: Gold and silver awakening

posted on: March 21, 2013

Stocks down Let’s get started with our Dow Theory commentary in this blog for today. An interesting article in The Reformed Broker Some days ago, The Reformed Broker posted an interesting article differentiating between “good” and “bad” new highs. It suggests that the news highs recently made are “good ones” and will hold. […]

Dow Theory Update for March 20: Stocks mostly up

posted on: March 20, 2013

All trends unchanged GLD grew in tonnage yesterday. At last, GLD gained inventory yesterday. Since February 7, 2013 GLD had not recorded one single day with inventory gains. Has the bleeding been arrested? Too soon to tell. According to “The Reformed Broker” the odds favor a continuation of the current bull market in stocks The […]

Dow Theory Update for March 19: In spite of all noise no change in trends

posted on: March 19, 2013

Gold again up. Silver does not confirm. Special note on GLD GLD puked yesterday 13.55 tonnes or 1.09%, which is a massive “puke.” That such a puke occurs within a day when gold was clearly up is even more bullish as it denotes that higher prices don’t quench the thirst for physical gold (which can […]

Dow Theory Update for March 18: Stocks down. Gold and silver up

posted on: March 18, 2013

No change in trends. Stocks Today I am going to keep it short in this Dow Theory blog, as nothing of technical importance has occurred (and Cyprus, as a “fundamental” new has been discussed ad nauseam in all financial-related sites). The SPY, Industrials and Transports closed down. The primary and secondary trend remains bullish. Today’s […]

Dow Theory Update for March 15: Stocks down on huge volume

posted on: March 15, 2013

Gold and silver up GLD inventory conundrum explained? Richard Russell of the “Dow Theory Letters” has recently said that “China is looking at the gold ETFs as an opportunity to collect huge hoards of gold in one fell swoop. Beneath the quiet and dull action of gold, a fierce battle among the accumulators is going […]

Dow Theory Update for March 14: SPY, Industrials and Transports make higher highs

posted on: March 14, 2013

Gold firming Let’s get started with our Dow Theory commentary for today. Stocks The SPY, Industrials and Transports make higher highs. It goes without saying that the primary and secondary trend remains bullish. On January 2, the Dow Theory signaled the existence of a primary bull market for the reasons given here and here. Since […]

Dow Theory Update for March 13: Stocks make moderate advances

posted on: March 13, 2013

Gold and silver falls. Stocks The SPY, Transports and Industrials closed up. The primary and secondary trend remains bullish. Today’s volume was higher than yesterday’s, which is bearish since advancing prices were not confirmed by expanding volume. The overall pattern of volume remains bearish, which suggest that a secondary reaction may be nearing. Gold and […]

Dow Theory Update for March 12: Precious metals strongly up

posted on: March 12, 2013

Stocks seem to take a breather. Richard Russell cautiously recognizes primary bull market under the Dow Theory. Richard Russell, of the “Dow Theory Letters” cautiously acknowledged that “being in the market is justified under Dow Theory” and even suggests a small position in the DIA. Thus, it seems that after seeing the all-time highs in […]