Newsletter

Combining the time-tested principles of Charles Dow’s Traditional Dow Theory with the 60+ years of research and real-life experience, Manuel Blay publishes TheDowTheory.com Newsletter with a commitment to providing our subscribers with effective, profitable market timing wisdom in a timely manner.

Our Newsletter is about much more than just the Dow Theory, incorporating other important fundamental, economic and historic perspective to the technical Indicators interpreted in our Letter.

This newsletter premium research and is only available to active subscribers.

Stocks Look Expensive-But Are They?

Stocks Look Expensive-But Are They?

“The reality is that markets are not always efficient. In particular, they seem to adjust gradually rather than instantaneously to…
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When fundamental Indicators Break Down, Price Still Leads

When fundamental Indicators Break Down, Price Still Leads

The LEI and yield curve missed the mark. Price action and margin debt told the real story, and we listened.…
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Two new interviews with Alessio Rastani on Youtube

Two new interviews with Alessio Rastani on Youtube

Once again, I was invited by Alessio Rastani to join him in two new videos. Since I was in my…
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To Time or Not to Time

To Time or Not to Time

“Trend following is an exercise in humility. The market tells you what to do, you don’t tell the market.”  David…
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The Real Problem with Buy & Hold—and What to Do About It

The Real Problem with Buy & Hold—and What to Do About It

Three Smarter Ways to Cut Drawdowns Without Killing Performance The core issue with buy-and-hold investing is simple: drawdowns. Big ones.…
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Bull market for the gold and silver miners ETFs (GDX & SIL) signaled on 6/2/25

Bull market for the gold and silver miners ETFs (GDX & SIL) signaled on 6/2/25

Overview: The precious metals landscape has turned very bullish. Gold, silver, platinum, and even base metals like copper are trending…
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Gold and Silver in Sync: The Bull Marches On

Gold and Silver in Sync: The Bull Marches On

Silver Seals the Deal: Bull Market Reconfirmed Overview: On 6/5/25, silver broke above its 10/22/24 highs. It confirmed gold’s previous…
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A Bullish Triad, But…

A Bullish Triad, But…

“Trend following systems are not about being right or wrong but about making money.”-Ed Seykota   PRINT Audio version Overview:…
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Critical Juncture for Bonds: Bear Market Signal One Step Away

Critical Juncture for Bonds: Bear Market Signal One Step Away

Set up for a potential bear market signal for TLT and IEF completed on 5/30/25 Overview: the most recent rally…
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