Stay tuned. I hope to pen a new post in the next few days. In the meantime happy new year. The Dow Theorist
End result: No change of primary trend. US STOCKS The primary trend is bullish since November 21st, 2016, as explained here and here. The secondary trend is bearish (secondary reaction against the primary bull market). The secondary reaction was signaled on April 13th, as explained here. As per Schannep’s Dow Theory in order to complete […]
Post concerning Stress-test under weak cyclical bull markets coming very soon I am writing before the close. So, while very unlikely, things might change after the close US STOCKS The primary trend is bullish as explained hereand here The secondary trend is bearish (secondary reaction against the primary bull market) as explained here According to […]
First of all my apologies for posting this review so late. However, facts are facts. My belated analysis of gold and silver performance does not change what happened in 2015. Truth be said: This blog takes quite a toll on my free time. If time were in unlimited supply I’d like to post more studies […]
The Dow Theory managed to “smell” the change of trend well before other indicators US STOCKS The primary and secondary trend are bullish as explained here and here By the way, this primary bull market signal was not greeted with enthusiasm by many. It is said that bull markets climb a wall of worries, […]
Gold and silver close down but remain above last minor recorded lows. US Stocks The SPY and Industrials closed up, and the SPY made a higher high (unconfirmed). The Transports closed down. The Industrials and Transports should confirm soon, so that I don’t begin to suspect that a secondary reaction is in the making. The […]
Precious metals arrest their decline. US Stocks The SPY, Industrials and Transports closed down. Volume was heavy and portrays a bearish picture. Here you have an updated chart displaying volume readings. As you can see red arrows (bearish volume days) dominate the landscape. Furthermore, today’ strong volume at a market top spell trouble for the […]
Gold displays more strength than silver. Let’s get started with our Dow Theory commentary for today. US Stocks The SPY, Industrials and Transports closed down. The primary trend remains bullish, as explained here, and more in-depth here. The primary trend was reconfirmed as bullish on October 17th, 2013, and November 13th, 2013 and March 7th, […]
Russell remains bullish on gold Richard Russell of the “Dow Theory Letters” likes recent gold action. Let’s hope he has called the bottom. In the meantime, while I acknowledge that the secondary trend is bullish, under a strict Dow Theory viewpoint, I don’t see a primary bull market yet. US stocks The SPY, and Industrials […]
More Dorsey Wright on debunking buy and hold. Yesterday I quoted Dorsey Wright’s article debunking the myths of buy and hold. The article is so profound, and encapsulates in a short space so much wisdom, that it is worth quoting the closing paragraph of the article, which you can find here. “Every strategy, including buy […]
And precious metals come to life (within the secondary bullish trend) Excellent article on active versus passive investing The “Systematic Relative Strength” (Dorsey Wright) has published an enlightening article concerning factor investing (being “factor” different investment styles like momentum, value, volatility). The article makes two important claims: 1. Factor investing (i.e. constructing a portfolio […]
