Dow Theory Trend Change… Again
Last week, I wrote an article explaining how traditional Dow Theory worked, at least the way I learned that it worked. In that piece, Dow Theory confirmed a trend change to the negative side. While describing what transpired to give this warning, I also wrote that my own projections for the Dow were to the 18,000 level and I would be surprised if stocks didn’t see all-time highs. After the Japanese caught the markets off guard with their own shock and […]
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Date: November 3, 2014
Dow Theory Trend Change
Dow Theory has been around for decades and it’s not something I discuss very often. You can Google it to find newsletters and blogs and opinions on its value. As the stock market gets closer and closer to the final bull market peak, I think it’s something we should watch. Dow Theory works in a couple of ways and I am going to focus on one piece here, primary trend change. Dow Theory Primary Trend Change occurs when BOTH the […]
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Date: October 30, 2014
Key Sectors Sending Up Bearish Warning Signs
Last week, in Major Indices Issue Warning, I discussed how the strength in the Dow and S&P 500 were masking weakness in the other major indices and how a warning sign was given. Today, I go a step further and dive into the key sectors of the stock market. We begin this section with the S&P 400, Russell 2000 and NASDAQ 100 all showing relative weakness, a clear red flag. Below is the first key stock market sector and also […]
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Date: May 9, 2014
Canaries Still Singing
With many all time highs seen in October, it is a good time to review the canaries in the coal mine for signs of trouble. Remember, canaries are only valuable at major market peaks and bottoms. For the vast majority of the time in between, they will be of little value. We review all of the major stock market indices and sectors along with other key indicators of overall market health. At major market turning points, we will often see […]
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Date: November 1, 2013
Canaries Still Breathing Okay
I haven’t done a canaries in the coal mine update in a while, but with the major market indices hitting fresh highs last week, it’s time to check if any are dead. Remember, canaries in the coal mine are only useful at bull market peaks and bear market troughs. In other words, they are very helpful at spotting beginnings and endings of bull markets, but not much in between. They are so important because they usually give ample warning that […]
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Date: August 13, 2013
