Not all “gold” is born equal. Gold and the Dow Theory.
posted on: October 8, 2012
Gold? What kind of gold? Followers of this “Dow Theory Investment” blog know that I always keep a very close eye to gold and silver. This is something that is not very usual in the investment fraternity, since gold tends to be disparaged, at worst, or ignored, at best. This accounts for making gold […]
Rearranging the big picture in a week full of relevant Dow Theory events
posted on: October 6, 2012
Weekly Dow Theory recap This was a week rich in Dow Theory significant events as well plain technical ones. Here is a summary of the messages the markets gave us this week of which this blog took due notice. 1) Bonds are at a critical juncture. If they turn weaker, they may ignite […]
Dow Theory update for October 1: Markets up. No technical changes…yet
posted on: October 1, 2012
A secondary correction may happen any time now On Friday, Sept 28, the stock market had been trending lower for the last 10 trading days (for the SPY and Transports). This is the minimum time requirement for a secondary reaction to exist. However, for a secondary reaction to exist it is necessary that two of […]
Dow Theory update for Sept 28: Markets down with no technical consequences
posted on: September 28, 2012
It was Charles Dow, father of the Dow Theory, who said that in the world of investing you have to “exercise enough patience for six men.” He meant by this that the markets don’t accommodate our wishes and even the best laid out investment plan may take time to materialize. The Dow Theorist investing along […]
Dow Theory update for Sept 27: Bull markets don’t die easily
posted on: September 27, 2012
Gold and Silver on the verge of breaking out prior highs Today all markets I monitor closed up. What else can I say? The primary bull market remains intact and the long awaited secondary correction (which would be a good opportunity for latecomers to be long stocks and precious metals as you can read here) […]
Dow Theory update for Sept 26: Finally, we get a 3% pullback
posted on: September 26, 2012
However, precious metals still resilient The three stock indices I monitor closed down for the day and we get some news which I would label of “tertiary” importance. I see three kinds of movements. The first is the primary trend or primary movement which may span more than one year. The second one is the […]
Dow Theory update for Sept 25: All markets down. No technical damage yet
posted on: September 25, 2012
Talk about resilience!! The long awaited secondary reaction hasn’t materialized yet, all the big declines of today notwithstanding. Today all the markets we monitor closed down. However, as I noted yesterday, not even a minor insignificant low has been broken yet. I quote from yesterday’s post which you can find here However, the decline experienced […]
Dow Theory update for Sept 24: Not even a secondary reaction…yet
posted on: September 24, 2012
Today has been a mildly down day. Both the SPY and the Industrials closed down. The Transports, again diverging, closed slightly up for the day. Since Sept 14 the stock market has been unable to make new highs. However, the decline experienced until now is so mild that even the last minor recorded lows (they […]
Dow Theory update for Sept 21: Transports give a warning
posted on: September 21, 2012
However, both primary and secondary movement remain bullish As to the stock market, the Industrials, SPY and the Transports, all finished down for the day. Technically, the SPY and Industrials keep being very close to their last recorded highs, so nothing has changed. The Transports violated today the last significant low (which was the lows […]
Dow Theory update for Sept 20: Bull market continues
posted on: September 20, 2012
Today was another day without changes. Both the primary and secondary trend of the markets we monitor, namely, S&P, Industrials, Transports, Gold, Silver and their respective ETF miners continues unchanged. The Industrials closed slightly higher establishing a new record high since the inception of the primary bull market on June 4 (signaled by the Dow […]
Dow Theory update for Sept 19: Bullish trends intact
posted on: September 19, 2012
Today has been another day with negligible movements. All the three indices (Transports, Industrials and S&P) we monitor under Dow Theory closed slightly up for the day. All of them are under the 09/14/2012 highs. Volume has slightly higher than yesterday’s (which was a mildly down day), so the bullish pattern of volume continues. Gold […]
Dow Theory update for Sep 18: No news. Both primary and secondary movements remain bullish.
posted on: September 18, 2012
Long term bonds: Still not ready to collapse. The good thing of applying Dow Theory to analyze the markets is that it is sufficiently long term to allow you not to be glued to the screen all day long, while, on the other hand, it is nifty enough, to get you out soon when trouble […]
