Category: Insights

Dow Theory Update for June 19: Primary bear market for gold and silver reconfirmed

posted on: June 19, 2013

Stocks take a nosedive. Stocks The SPY and Industrials, and Transports closed down. The primary trend is bullish, and the secondary one is bearish for the reasons given here. Today’s action brought the stock indices closer to the June 5 lows. If the June 5 lows were to be violated a primary bear market would […]

Dow Theory Update for June 18: Who is one of the best market timers as per the Wall Street Journal?

posted on: June 18, 2013

Answer: Jack Schannep of “thedowtheory.com“ Mark Hulbert, of MarketWatch.comhas recently penned an interesting article for the Wall Street Journal, whereby market timers are scrutinized. You can find Hulbert’s article here. The article begins with a pearl of common sense. I quote: “The best-performing advisers who focus on calling market turns are giving the bull market […]

Dow Theory Update for June 17: No change in trends

posted on: June 17, 2013

Precious metals meandering Stocks The SPY and Industrials closed up. The Transports closed down. The primary trend is bullish, and the secondary one is bearish for the reasons given here. The stock market remains in a delicate situation. If the June 5 lows were to be violated a primary bear market would be signaled, as […]

Dow Theory Update for June 14: Stocks down but the June 5 lows were not violated

posted on: June 14, 2013

Russell once again lukewarm with the stock market Stocks The SPY, Industrials and Transports closed down. The primary trend is bullish, and the secondary one is bearish for the reasons given here. The longer the 06/05/2013 lows hold, the better the odds for a new rally, which would move stocks away from the danger […]

Dow Theory Update for June 13: Stocks dodge the bear market bullet. At least for one more day

posted on: June 13, 2013

Secondary trend for gold and silver miners ETFs continues bullish Let’s see what the Dow Theory has in store for us today. Stocks The SPY, Industrials, and Transports closed up. The primary trend is bullish, and the secondary trend is bearish (ongoing secondary reaction). In my last two posts, I insisted that the market should […]

Dow Theory Update for June 12: Dow Theory trailing stop raised. Profits likely to be locked in

posted on: June 12, 2013

Gold and Silver might be making a bottom under Dow Theory Today is another day rich in Dow Theory relevant events. With no more preambles let’s get started. Stocks The SPY, Transports and Industrials closed down. The primary trend is bullish, and the secondary trend is bearish. The secondary reaction lows of 06/05/2013 are our […]

Dow Theory Update for June 11: Secondary reaction for GDX and SIL explained

posted on: June 11, 2013

Stocks closed down. Secondary trend for GDX and SIL explained Yesterday I said that the secondary trend for GDX and SIL hat turned bullish, which is tantamount to saying that a secondary reaction against the primary bearish trend is in place. We know that, under Dow Theory, when dealing with stock indices like the SPY, […]

Dow Theory Update for June 10: Richard Russell turns finally bullish

posted on: June 10, 2013

Secondary trend of gold and silver miners ETFs (GDX, SIL) turned bullish. In his last two Dow Theory Letters, Richard Russell, of the “Dow Theory Letters” has turned finally bullish on stocks. Of course, this is kind of contradictory with his stance a week ago, as I explained in my post “Time to be […]

Dow Theory Update for June 7: Stocks up on lower volume

posted on: June 7, 2013

Precious metals universe lethargic Let’s get started with our Dow Theory commentary for today. Stocks The SPY, Industrials and Transports closed up. The primary trend is bullish, and the secondary trend is bearish for the reasons explained here. Today’s volume was lower than yesterday, which has a bearish connotation as higher prices were not supported […]

Dow Theory Update for June 6: Stocks and precious metals closed up

posted on: June 6, 2013

Jon Strebler of the Dow Theory Letters continues bullish long term on stocks Jon Strebler’s more recent article in the “Dow Theory Letters” is full of common sense, while, once again, he cautions that a hair-curling correction may be at hand, he reminds readers that we should give the current primary bull market the […]

Dow Theory Update for June 5: Secondary trend for stocks turns bearish

posted on: June 5, 2013

Primary trend for stocks continues bullish. Readers of this Dow Theory blog know that the Dow Theory can be boring for those looking for hectic action. Days pass by and trends remain the same. Well, today is not one of these dull days. According to the Dow Theory, today we can label the secondary trend […]

Dow Theory Update for June4: Time to be out of the market?

posted on: June 4, 2013

Richard Russell of the Dow Theory Letters sees distribution days mounting up In his most-recentDow Theory Letter, Richard Russell pointed out that distribution days (down days with increasing volume) are mounting. Something similar has been penned on this Dow Theory blog here. According to Russell this is not a bullish sign as it shows […]