Category: Insights

Dow Theory Update for Jan 9: Stocks mildly bullish

posted on: January 9, 2013

Gold and silver slightly down Let’s analyze the markets under the prism of the Dow Theory. The SPY, Industrials and Transports closed up. The Transports have bettered its 01/04/2013 highs. However, neither the SPY nor the Industrials have confirmed. The primary trend and secondary trend for stocks is bullish. Volume today was slightly higher than […]

Dow Theory Update for Jan 8: Gold and silver up

posted on: January 8, 2013

Stocks down. Let’s see what the Dow Theory has in store for us today. The SPY, Industrials and Transports closed down in unison today. The primary and secondary trend is bullish. Volume today was higher than yesterday’s. Since it was a down day it has a bearish implication. Gold and silver closed up. As per […]

Dow Theory Update for Jan 7: Weakness prevails

posted on: January 7, 2013

Stocks and precious metals down Let’s get started with our Dow Theory commentary for today. The SPY, Industrials and Transports closed down. The primary trend and secondary trend remain bullish. More about the primary trend bull market signal here and here Volume was down today, since it was a down day, the downward […]

Dow Theory Special Issue: Assessing the current primary bull market signal

posted on: January 5, 2013

If you are a follower of this Dow Theory blog, you know that on January 2, a primary bull market in stocks was signaled. You can find the details here. Well, today, I’d like to expound the intricacies of the current bull market signal. First of all, on January 2, the new bull market was […]

Dow Theory Update for Jan 4: stocks up

posted on: January 4, 2013

Gold might be near making a bottom according to the puke indicator. Let’s begin our Dow Theory commentary for today. What are other Dow Theorists saying? Are they bullish or bearish? Richard Russell, of the Dow Theory Letters, insists on the importance of the September highs. Until the Industrials don’t better such highs, he remains […]

Dow Theory update for Jan 3: Gold and silver fell out of bed

posted on: January 3, 2013

Stocks mildly down. Let’s get started with our Dow Theory commentary for today. It is good to remember that yesterday a primary bull market was signaled by the Dow Theory. You can find the details about such a primary bull market here. Tomorrow or next Saturday, I plan to post a Dow Theory special issue […]

Dow Theory Update for Jan 2: New Year, new primary bull market

posted on: January 2, 2013

Stocks again in a primary bull market. Well, it seems that the stock market wanted to celebrate the New Year by signaling a new primary bull market. I closed last year by writing that: “[b]oth the SPY and Industrials experienced on Dec 28 a pullback exceeding 3% from their 12/18/2012 highs (Industrials: 13350.96; SPY: 145.37). […]

Dow Theory Update for Dec 31: Stocks setting up for a primary bull market signal

posted on: December 31, 2012

Precious metals up Let’s get started with our Dow Theory commentary for today in this blog. The SPY, Industrials and Transports closed up. The primary trend remains bearish and the secondary trend bullish. It is noteworthy to highlight that a set up for a primary bull market signal was completed last Friday, December 28. Thus, […]

Dow Theory Update for Dec 28: Bearish parade

posted on: December 28, 2012

Stocks and precious metals closed down Let’s get started with our Dow Theory commentary in this blog. The SPY, Industrials and Transports closed down once again. The primary trend is bearish, and the secondary trend is bullish. Volume was lower than yesterday’s. Since it was a down day, it has a bullish connotation. However, at […]

Dow Theory Update for Dec 27: Stocks down once again

posted on: December 27, 2012

Gold and silver up The SPY, Industrials and the Transports closed down again. A rally, albeit small, is more than due. In the meantime, the primary trend remains bearish and the secondary trend bullish. Volume today was higher than yesterday’s. Given that stocks closed down, it has a bearish connotation. The overall pattern of volume […]

Dow Theory Update for Dec 26: Stocks down again

posted on: December 26, 2012

Precious metals inconclusive Let’s see how the markets fared under the Dow Theory The SPY, Industrials and Transports closed down today. Neither the Industrials nor the SPY have confirmed the breakout made by the Transports on December 21. The longer the non confirmation persists, the higher the odds for a reversal of the last witnessed […]

Dow Theory Update for Dec 24: Another bearish day for stocks

posted on: December 24, 2012

Long-term bonds fell out of bed. Being on the eve of Christmas, I’ll endeavor to keep this post in this Dow Theory blog short. Stocks closed down today. Once again, the breakout made by the Transports on Dec 18 remains unconfirmed. The longer the non-confirmation persists, the higher the odds that the primary bear market […]