Newsletter - The Dow Theory

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.

October 25, 2025

The Principle of Confirmation Can Save Your Skin (IV) / Example 4: Two Silver Breakdowns That Turned into Bear Traps

Applying the Confirmation Principle to precious metals In three earlier analyses (HERE, HERE, and HERE), I showed how the Principle…

October 17, 2025

When Market Timing Meets Quant Research: The Results Speak for Themselves

How world-class quant research and timing filters slash drawdowns and boost returns. What happens when you combine a strong stock-picking…

October 07, 2025

Why Bitcoin’s Bull Market Isn’t Over Yet

On October 3rd, I had the pleasure of joining Maurizio Pedrazzoli Grazioli’s podcast for the second time. We picked up…

October 01, 2025

The Only Macro Indicator That Matters Now

“The hope of making a fortune without the necessary study, experience, and preparation, has probably ruined more men than speculation…

September 16, 2025

Why Today’s Stock Market Valuations Are Not Excessive: Liquidity, Capital Accumulation, and the Repricing of Risk

How liquidity and rising wealth explain today’s high valuations in the stock market Introduction Many market commentators warn that stock…

September 01, 2025

Two Opportunities in the Making

“It’s a lot easier to ride a horse in the direction it’s going”. Ed Seykota (legendary trend follower). PRINT…

August 25, 2025

Unlocking the Power of Market Timing

Featured in Technically Speaking (August 2025, CMT Association) and spotlighted by Investopedia, this article delivers hard evidence for smarter investing,…

August 01, 2025

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…

July 24, 2025

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.…