Thx for your comprehension. Sincerely, The Dow Theorist
Gold and silver stabilizing? On the importance of sticking to the trend The “Trendfollowing trader” makes clear in one graph why the investor should stick with the trend, and he proves that the adage “sell in May and go away” would have been devastating to investors on the long run. Stocks The SPY, Industrials and […]
Stocks moderately up Turd Ferguson has elaborated on the two alternative end games for gold I blogged yesterday that I am seeing two distinct outcomes for gold. In a nutshell: Either we are just undergoing a severe correction and even the end of the bull market, or we are getting very close to the demise […]
Lessons learned and probable outcomes Gold and silver precipitous fall has taught us (or better said re-taught) some valuable lessons. Technical action was right on the spot whereas fundamental-based readings of the precious metals markets have been proven wrong. If you have been following this Dow Theory blog for some time you will remember than […]
Later today special issue on gold Zero Hedge sees a correction coming Zero Hedgehas noted that, of late, credit markets seems to be a good predictor of stock market activity. In other words, when credit markets swoon, stocks tend to follow suit. Recent action (declines and shares redeemed) in JNK ETF seems to suggest that […]
GLD losses massive 22.86 tonnes Volume is bearish on a long-time perspective. Danielle Park has posted an interesting article in her blog “Juggling Dynamite.” According to Park, volume has been extremely bearish from a long time perspective. The post contains two sobering charts. Stocks The SPY, Industrials and Transports closed down. The primary and […]
Transports fail to join the bullish parade Zero Hedge sees a correction coming Zero Hedgehas noted that, of late, credit markets seem to be a good predictor of stock market activity. In other words, when credit markets swoon, stocks tend to follow suit. Recent action (declines and shares redeemed) in JNK ETF seems to suggest […]
No changes in trends The GLD inventory conundrum solved? Read Fofoa’s latest post It is no secret that when it comes to “fundamentals” about gold, I am an ardent follower of FOFOA. While this is a technical, Dow Theory blog, I know deep in my heart that when it comes to investing for the very […]
Precious metals strong but no change in trends The value trap Dorsey Wright’s blog “Systematic Relative Strength” has recently published an interesting article concerning blind value investing, namely buying stocks because they look cheap. The main thesis is that stocks, unlike staples or commodities, don’t have a predetermined value or utility und, thus, what works […]
Precious metals meandering Finally, I have been able to post today my Dow Theory Commentary, albeit a short one. Stocks The SPY, Industrials and Transports closed up. However, neither index managed to better the last recorded closing highs (04/02/2013). Today’s volume was notoriously lower than yesterday’s, which make it, once again, a bearish volume day. […]
Stocks weak in spite of closing rally Let’s get started with our Dow Theory commentary in this blog. Bill Gross teaches us to be humble Bill Gross, of PIMCO fame, in his article “A man in the mirror”, has made an exercise in humility. He concedes that most applauded gurus have enormously benefited by unusual […]
Trends remain unchanged Jon Strebler and the Dow Theory Letters As I reported here Jon Strebler joined forces with Richard Russell, of the Dow Theory Letters some weeks ago. My preliminary take on him (positive) has been confirmed as new “Dow Theory Letters” get published. I like Strebler’s humble and no-nonsense approach. His latest message […]
