Category: Insights

Dow Theory Update for Dec 28: Bearish parade

posted on: December 28, 2012

Stocks and precious metals closed down Let’s get started with our Dow Theory commentary in this blog. The SPY, Industrials and Transports closed down once again. The primary trend is bearish, and the secondary trend is bullish. Volume was lower than yesterday’s. Since it was a down day, it has a bullish connotation. However, at […]

Dow Theory Update for Dec 27: Stocks down once again

posted on: December 27, 2012

Gold and silver up The SPY, Industrials and the Transports closed down again. A rally, albeit small, is more than due. In the meantime, the primary trend remains bearish and the secondary trend bullish. Volume today was higher than yesterday’s. Given that stocks closed down, it has a bearish connotation. The overall pattern of volume […]

Dow Theory Update for Dec 26: Stocks down again

posted on: December 26, 2012

Precious metals inconclusive Let’s see how the markets fared under the Dow Theory The SPY, Industrials and Transports closed down today. Neither the Industrials nor the SPY have confirmed the breakout made by the Transports on December 21. The longer the non confirmation persists, the higher the odds for a reversal of the last witnessed […]

Dow Theory Update for Dec 24: Another bearish day for stocks

posted on: December 24, 2012

Long-term bonds fell out of bed. Being on the eve of Christmas, I’ll endeavor to keep this post in this Dow Theory blog short. Stocks closed down today. Once again, the breakout made by the Transports on Dec 18 remains unconfirmed. The longer the non-confirmation persists, the higher the odds that the primary bear market […]

Dow Theory Update for Dec 21: Stocks down. No change in trends

posted on: December 22, 2012

Precious metals mixed. Let’s get started with our Dow Theory comment. The SPY, Industrials and Transports closed down. For a third day in a row, neither the Industrials nor the SPY deigned to confirm the breakout made by the Transports on Dec 18. Such lack of confirmation is troubling, and the longer it persists, the […]

Dow Theory Update for Dec 21 to be delayed during weekend

posted on: December 21, 2012

Hello readership, Today it is impossible for me to write immediately after the close. I’ll endeavor to post the daily updated during the weekend. Sincerely,The Dow Theorist

Dow Theory Update for Dec 20: Gold and Silver in a primary bear market

posted on: December 20, 2012

No changes in precious metals stocks ETFs. Normally, I start my daily post in this Dow Theory blog by talking about stocks. Today’s action in gold and silver beg for a change. Gold (GLD) and silver (SLV) closed down today. Silver violated its November 2 secondary reaction low, and with it confirmed the previous […]

Dow Theory special issue: Revisiting the BLV/GLD ratio

posted on: December 19, 2012

Still at crossroads? We have dealt with the BLV/GLD ratio on several occasions in this Dow Theory blog. To understand why this ratio is important, I suggest you read here and here the relevant posts to get a taste of it. If the ratio turns bearish (stronger gold) it means a hard time […]

Dow Theory Update for Dec 19: Bearish parade

posted on: December 19, 2012

No change in trends. Since there are no changes in trends, today it is going to be a short post in this Dow Theory blog. Furthermore, I hope to post later this evening a more important post concerning the BLV/GLD ratio (long-term bond/gold). The SPY and the Industrials closed down today. The Transports […]

Dow Theory Update for Dec 18: Stocks just about to signal primary bull market signal

posted on: December 18, 2012

Gold and silver just about to signal primary bear market signal Today has been an interesting day for those that analyze the markets under the Dow Theory. The SPY, the Industrials and the Transports closed firmly up. The Transports by closing at 5310.75 clearly broke above the 06/19/2012 high of 5250.54. However, the SPY […]

Dow Theory Update for Dec 17: Stocks up. No change in trends

posted on: December 17, 2012

Gold and silver indecisive Let’s review the state of the stock market under the prism of the Dow Theory. The SPY, Transports and the Industrials closed up. Technically, nothing has been accomplished. However, if this rally continues and the highest highs hitherto made are jointly bettered by at least two indices, then a primary […]

Dow Theory Update for Dec 14: Stocks down. Precious metals mixed

posted on: December 14, 2012

Under Dow Theory nothing has changed Let’s begin with our Dow Theory analysis for today in this blog. What are other Dow Theorists doing? Richard Russell, of the “Dow Theory Letters”, who was turning mildly bullish (or at least not outright bearish short term) is turning bearish again. He hoped that the last rally was […]