Category: Insights

Dow Theory Update for March 6: Industrials and SPY make higher highs

posted on: March 6, 2013

Gold and silver up. Richard Russell declaring a primary bull market in stocks? It seems that Richard Russell, of the “Dow Theory Letters“, has finally conceded that a primary bull market has been signaled under the strictest interpretation of the Dow Theory (new all-time highs). He closed yesterday’s Dow Theory letter by enigmatically saying, “Thus, […]

Dow Theory Update for March 5: Industrials soar to all-time high

posted on: March 5, 2013

Gold and silver modestly up An interesting article in The Reformed Broker blog: In a day where the Industrials have soared to all-time highs is good to remember what happens (long term) when higher highs are made by the indices. “The Reformed Broker” blog contains an interesting article concerning the S&P performances after making new […]

Dow Theory Update for March 4: Transports confirm higher high of Industrials

posted on: March 4, 2013

Gold and silver miners make new lows. Let’s get started with our Dow Theory commentary for today. Special issue concerning Dow Theory performance and duration of investments made according to the Dow Theory. Last Saturday, March 2, I posted a new study concerning the average duration of the investments made according to the “classical/Rhea” Dow […]

Dow Theory Special Issue: A new Answer to the New Low Observer (NLO)

posted on: March 2, 2013

The New LowObserver (NLO) is an avid student of the markets. Its website contains a wealth of information, which spans many subjects (Dow Theory, specific stocks, book list, market observations, etc.) NLO posted a comment in my Seeking Alpha blog in the past which resulted in my post “An Answer to the New Low Observer […]

Dow Theory Update for March 1: New higher high by the Industrials, once again unconfirmed

posted on: March 1, 2013

Distribution days continue to pile up. Let’s get started with our Dow Theory commentary in this blog for today. Special note on gold GLD lost yesterday (Feb 28) a 3.91 tonnes of gold (0.947%). Thus, inventories have been declining for 8 days in a row. Accordingly, inventories have declined from 1322.97 tons to 1254.49 tonnes, […]

Dow Theory Update for Feb 28: Two days of non confirmation

posted on: February 28, 2013

Yesterday’s higher high of the Industrials unconfirmed yet. Special note on gold GLD lost yesterday (Feb 27) a whopping 12.04 tonnes of gold (0.947%). Thus, inventories have been declining for 7 days in a row. All in all, inventories have declined from 1322.97 tons to 1258.4 tonnes, that is 64.57 tonnes or 4.88%. I have […]

Dow Theory Update for Feb 27: Industrials make higher highs unconfirmed

posted on: February 27, 2013

Lack of confirmation should not persist too long Special note on gold Jon Strebbler, Richard Russell’s new associate, is turning bullish on gold. He is of the opinion that is likely that a bottom has been made. I also think so, not so much because of the charts but because of the “puke” indicator. I […]

Dow Theory Update for Feb 26: Another distribution day. Stocks up as volume recedes

posted on: February 26, 2013

Gold and silver up. Has a bottom been made? Let’s get started with our Dow Theory commentary in this blog today. Special note on gold GLD lost yesterday (Feb 25) 7.82 tonnes of gold. Thus, inventories have been declining for 5 days in a row. All in all, inventories have declined from 1322.97 tons to […]

Dow Theory Update for Feb 25: Bearish action in stocks

posted on: February 25, 2013

Gold and silver up Let’s get started with our Dow Theory commentary in this blog today. Special note on gold GLD lost last Friday (Feb 22) almost 10 tonnes of gold. Thus, inventories have been declining for 4 days in a row. All in all, inventories have declined from 1322.97 tons to 1280.67 tonnes, that […]

Dow Theory special issue: Dow Theory’s performance during the secular 1982-1999 bull market

posted on: February 22, 2013

How often does the Dow Theory outperform buy and hold? Part III In my post “How often does the Dow Theory outperform buy and hold?”, which you can find here, I started a series of articles dedicated to examining the classical/Rhea Dow Theory “flavor” under all market environments and across time. At the risk of […]

Dow Theory Update for Feb 22: Precious metals and stocks up

posted on: February 22, 2013

Are precious metals finding support? Let’s get started with our Dow Theory commentary in this blog. Strebler joins forces with Russell. I have some news from the Dow Theory world. Richard Russell, of the “Dow Theory Letters,” has a new business associate to help him run his advisory. Jon Strebler has already written two interesting […]

Dow Theory Update for Feb 21: Is a secondary reaction beginning?

posted on: February 21, 2013

Is gold making a bottom? Special note about gold Yesterday, February 20, 20.77 tonnes of gold were drained from GLD. In other words, GLD inventory decreased by 20.77 tones or 1.57%. As Victor the Cleaner has explained here such “pukes,” contrary to conventional wisdom, are bullish, as they denote great avidity for physical gold, which […]