Category: Insights

Dow Theory Update for Nov 16: Primary bear market for stocks signaled today

posted on: November 16, 2012

Keep an eye on gold and silver Well, we finally got our primary bear market signal under Dow Theory. We got it by just some cents, but we got it after all. Today the Transports closed at 4891.27. The secondary reaction lows of the Transports of 09/28/2012 stood at 4892.62. So just by some cents […]

Dow Theory Update for Nov 15: No primary bear market signal yet

posted on: November 15, 2012

Bearish day for precious metals too. Let’s explore what the market has in store for us today. Stocks, again, closed down. The big news is that the Transports refused to break its 09/28/2012 lows. At least for one more day the primary bear market signal has been avoided. Today’s volume was lower than yesterday’s, which […]

Dow Theory Update for Nov 14: The last gasp of a bull market?

posted on: November 14, 2012

Transports fail to violate its 09/28/2012 lows but may do it very soon. Let’s begin with our Dow Theory commentary for today in this blog. The SPY, Industrials and Transports closed strongly down. The Transports almost violated its 09/28/2012 lows, but failed to do so. Today’s close for the Transports was 4926.12 whereas the secondary […]

Dow Theory Update for Nov 13: Secondary reaction for gold and silver miners ETF signaled today

posted on: November 13, 2012

Stocks down. No technical change yet. Let’s gets started with our Dow Theory commentary for today. Stocks closed down today. The Transports, in spite of closing down, continue displaying greater relative strength. I don’t know whether this is a plus or a minus because the longer it takes for the Transports to violate their […]

Dow Theory Update for Nov 12: Gold and silver setting up for primary bear market signal

posted on: November 12, 2012

No technical changes until now After our rather dense “Dow Theory Special Issue” of last Saturday, let’s get started with something lighter for today. The SPY and Transports closed up. The Industrials closed down by a mere -0.23 point. Since the SPY and the Transports closed up, I’d say that basically it was an […]

Dow Theory special issue: Is the primary trend for stocks about to change?

posted on: November 10, 2012

As I promised in my previous post on this Dow Theory blog, let’s analyze the current juncture of the stock market, since, as per my interpretation of the Dow Theory, we have the perfect set up for a primary bear market signal. There is only one last shoe left to drop; namely, the Transports breaking […]

Dow Theory Update for Nov 10: Stocks on thin ice.

posted on: November 10, 2012

Primary trend for stocks might change to bearish very soon. Nov 10 was one of these days that are relevant under Dow Theory. The Industrials and the SPY closed mildly up. The Transports closed clearly down displaying for the first time in the last few weeks less strength than its peers. Volume was lower than […]

Dow Theory Update for Nov 9 to be posted tomorrow Saturday

posted on: November 9, 2012

Tomorrow I will post the Dow Theory Update for Nov 9. Stay tuned. Sincerely, The Dow Theorist

Dow Theory Update for Nov 8: Gold/Dow ratio turns bullish in favor of gold

posted on: November 8, 2012

Precious metals mostly up Let’s begin with our brief Dow Theory analysis for today in this blog. The SPY, Industrials and Transports closed down. The Transports continue, by far, displaying greater relative strength. However, we have to keep an eye on the action of the Transports in the coming days. From the 09/28/2012 lows […]

Dow Theory Update for Nov 7: Precious metals universe holds its own

posted on: November 7, 2012

Stocks sharply down Let’s get started with our Dow Theory commentary for today. Stocks were down today. The SPY and the Industrials jointly penetrated the 10/24/2012 lows hence confirming the secondary bearish trend. However, technically nothing has changed yet. The primary trend remains bullish and the secondary one bearish. Volume was higher than yesterday’s […]

Dow Theory Update for Nov 6: Bullish parade.

posted on: November 6, 2012

Technically, nothing has changed. If you have been following this Dow Theory blog for some time, it may be dawning on you that investing along the primary trend, as defined per Dow Theory, can be boring. Since June 29, when a Dow Theory primary bull market signal was displayed for stocks, no action has […]

Dow Theory Update for Nov 5: Mildly bullish day.

posted on: November 5, 2012

No changes in trends. The SPY, Industrials and Transports closed up for today. Technically, nothing has changed. The primary trend remains bullish, and the secondary trend remains bearish. Volume was lower today, which render it a bearish volume day, since the up close was not confirmed by higher volume. Hence, the pattern of volume continues […]