Category: Insights

Dow Theory Update for February 10: Gold and silver miners secondary (bullish) reaction confirmed today

posted on: February 10, 2014

Stocks indecisive. Let’s begin our Dow Theory commentary for today. US stocks The Transports closed down, the Industrials and the SPY closed up. Volume was bearish as today’s volume was lower than Friday’s. As I have been written in the last few days, I still have to see a volume explosion on an “up” day. […]

Dow Theory Update for February 7: Stocks set up for either a primary bear market or re-confirmation of primary bull market.

posted on: February 7, 2014

Dow Theory trailing stop raised and profits likely to be locked in. Today is one of those sparse days which are relevant under the Dow Theory. However, since one never knows when the “relevant” day is going to occur, the diligent Dow Theorist should monitor the markets daily. With no more preamble, let’s get started. […]

Dow Theory Update for February 6: Stocks close up on unconvincing volume

posted on: February 6, 2014

Precious metals should move either way soon Let’s begin our Dow Theory commentary for today. US stocks The Transports, the Industrials and the SPY closed up. Volume was bearish as today’s volume was lower than yesterday’s. The overall pattern of volume remains bearish. If today’s volume had been remarkably strong, then I’d seen a change […]

Dow Theory Update for February 5: Stocks close down and volume retreats

posted on: February 5, 2014

Downside momentum subsides Let’s begin our Dow Theory commentary for today. US stocks The Transports, the Industrials and the SPY closed mildly down. Volume, for the first time in the last few days, was bullish as today’s volume was lower than yesterday’s. Today’s bullish volume notwithstanding, the overall pattern of volume remains bearish. However, if […]

Dow Theory Update for February 4: Stocks close up on shrinking volume

posted on: February 4, 2014

Secondary reaction in stocks continues US stocks The Transports, the Industrials and the SPY closed up. Volume, once again, was bearish as today’s volume was lower than yesterday’s. So the pattern I’ve signaling during the last few days of expanding volume on declines and contracting volume on rallies continues. I feel today’s rally was the […]

Dow Theory Update for February 3: Secondary reaction against primary bull market extends stock losses

posted on: February 3, 2014

Stocks fall out of bed on surging volume US stocks The Transports, the Industrials and the SPY closed down and made lower lows. Volume, once again, was bearish as today’s volume was higher than last Friday’s. So, we are seeing expanding volume on declines and contracting volume on rallies…not a nice picture. While excessive bearish […]

Dow Theory Update for January 31: Stocks close down on increasing volume

posted on: January 31, 2014

Gold and silver should rally soon or else…. Let’s begin our Dow Theory commentary for today. US stocks The Transports, the Industrials and the SPY closed down. Volume, once again, was bearish as today’s volume was higher than yesterday’s (when stocks closed up). So, we are seeing expanding volume on declines and contracting volume on […]

Dow Theory Update for January 30: Stocks closed up and volume fails to confirm

posted on: January 30, 2014

Strebler, of the Dow Theory Letters, nails it down, once again Jon Strebler, Russell’s associate, of the “Dow Theory Letters”, has recently nailed it down again when he wrote “The fundamentalists tell us what should happen, but have a tough time identifying when” I couldn’t agree more. Strebler adds that not only poor timing plagues […]

Dow Theory Update for January 29: Stocks break last minor lows on increasing volume

posted on: January 29, 2014

Secondary reaction continues Let’s get started with our Dow Theory commentary for today. US stocks The Transports, the Industrials and the SPY closed down. Furthermore, all indices violated the last recorded minor low (Jan 27), which adds credence to the ongoing secondary reaction. Volume was larger than yesterday’s, which is also a bearish sign. However, […]

Dow Theory Update for January 28: Stocks rebound on modest volume

posted on: January 28, 2014

Precious metals take a pause. Let’s get started with our Dow Theory commentary for today. US stocks The Transports, the Industrials and the SPY closed up. However, volume was muted, which is a bearish sign. Yesterday we drew your attention to the secondary trend which has turned bearish. The primary trend remains bullish, as explained […]

Dow Theory Update for January 27: Stocks caught in a secondary reaction

posted on: January 27, 2014

Precious metals should rally soon or else… US stocks The Transports, the Industrials and the SPY closed down. Today I can affirm that a secondary reaction has been signaled. Even though it is necessary that at least two of the three indices, we monitor a decline by more than 3% from the latest recorded closing […]

Dow Theory Update for January 24: Stocks close to signaling secondary reaction….

posted on: January 24, 2014

…But we are not there yet. Today, even though no trend was changed, was one of those days where it pays off to follow the markets. Thus, we saw stock indices collapse, whereas gold (GLD) managed to even post modest gains. By the same token, GDX managed to close with minimal losses. Maybe this time […]