Category: Insights

Why I like timing? Why I love the Dow Theory as a capital protector?

posted on: December 5, 2012

When the stock market runs smoothly as it did in the 80s and 90s there seems to be little need for any timing device. Be it the Dow Theory or a moving average. However, when the cake is shrinking or not growing, or, simply, the market decides that it is time for lower multiples and […]

Dow Theory Update for Dec 5: Stocks up. No change in trends

posted on: December 5, 2012

Gold and silver modestly down. Let’s see what the Dow Theory has in store for us today. The SPY, Industrials and Transports closed up today. The primary trend remains bearish, the secondary one bullish. Volume was higher than yesterday’s. Being an up day, it has a bullish connotation. In the last 6 days we have […]

Dow Theory special issue: Dissecting the current secondary reaction in the stock market

posted on: December 4, 2012

A secondary reaction within a primary bear market As I promised in my yesterday’s post in this Dow Theory blog, I will provide you with additional information as to the ongoing secondary reaction. As a recap, we know that the Dow Theory signaled a primary bear market on Nov 16. You have the details […]

Dow Theory Update for Dec 4: Stocks down. No changes in trends

posted on: December 4, 2012

Gold and silver down. Let’s get started with our Dow Theory commentary for today in this blog. The SPY and Industrials closed down today. The Transports closed up. Technically, nothing has been accomplished. The primary trend remains bearish, and the secondary trend remains bullish. Volume was higher than yesterday’s, since the SPY closed down, […]

Dow Theory Update for Dec 3: Stocks under secondary reaction

posted on: December 3, 2012

Stocks down. Gold and silver up. Let’s analyze the markets under the prism of the Dow Theory. The SPY, the Industrials and the Transports closed down today. The secondary trend has turned bullish, which means that the current rally now qualifies as a secondary reaction against the primary bearish trend. Since the lows of 11/15/2012 […]

Dow Theory Update for Nov 30: No change in trends

posted on: November 30, 2012

Bearish bias Today is going to be a short post in this Dow Theory blog. The Industrials closed up. The Transports and SPY closed down. The primary trend and secondary remain bearish. Volume was very high. Since overall it was a down day, it was, again, a bearish volume day. Volume continues bearish and is […]

Dow Theory Update for Nov 29: No changes in trends.

posted on: November 29, 2012

Stocks and precious metals up. Let’s see what the Dow Theory has in store for us today. Yesterday I finished my post on this Dow Theory blog by promising information about SIL and GDX. Should we raise our stops? The full answer at the bottom of this post. Stocks closed up today. There was unanimity. […]

Dow Theory Update for Nov 28: Exit points changed for GLD and SLV. Profits likely to be locked in

posted on: November 28, 2012

No change in trends. Today, there are important changes that affect both GLD and SLV. Read intently the end of this post on this Dow Theory blog. Stocks closed up today. Technically, under Dow Theory, both the primary trend and secondary trend remain bearish. Volume was mildly bullish, as it was higher than yesterday’s in […]

Dow Theory Update for Nov 27: Markets down. No changes in trends

posted on: November 27, 2012

Volume for stocks very bearish Let’s get started with our Dow Theory analysis in this blog for today. The SPY, Industrials and Transports closed down again. Under Dow Theory nothing has changed. The primary trend and the secondary trend remain bearish. Volume was up in a down day which has a bearish connotation. We have […]

Dow Theory Update for Nov 26: No changes technically

posted on: November 26, 2012

Mixed, inconclusive day. Let’s begin our Dow Theory commentary for today. Stocks were mixed. The SPY and the Industrials closed down. The Transports closed up. Volume was higher today. Given than the SPY closed down this makes it a bearish volume day. We have had 5 bearish volume days in a row. This is […]

Dow Theory recap: What are other Dow Theorists saying?

posted on: November 24, 2012

Russell, Schannep and Moroney examined. If you follow this Dow Theory blog, you know that I spotted a primary market Dow Theory signal on Nov 16. You can read the details of such a signal here and here. But the Dow Theory is not math, and hence it is subject to interpretation, which results in […]

Dow Theory Update for Nov 23: Volume not confirming stock market action

posted on: November 23, 2012

Gold and silver escape danger zone Let’s get started with our Dow Theory commentary for today. Stocks closed up today. However, according to the Dow Theory, both the primary trend and secondary trend remain bearish. If you are not acquainted with the stock market primary bear market signal, you should read my post on this […]