Search Results for: Dow Theory

Dow Theory: October 4, 2019

Posted on October 4, 2019 by | Leave a comment

In the chart below, we see two different stocks showing strongly bullish reversal patterns in the period from July 2017 to October 2019. The line in red saw a bottom in September  2018 while the line in blue saw a … Continue reading →

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Posted in Dow Theory, Dow Theory Bull Market indication

Dow Theory: December 2018

Posted on December 20, 2018 by | Leave a comment

Our May 10, 2018 posting says all that we need to say.  At the time, we said the following:

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Posted in Dow Theory

Dow Theory Letters Book List

Posted on December 1, 2018 by | Leave a comment

Richard Russell was a legendary Dow Theorist and stock market commentator. Russell wrote the Dow Theory Letters for over 55 years from 1958 to 2015. Using Dow theory, Russell accurately called the top of the market in 1966, the bottom … Continue reading →

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Posted in book, book list, Richard Russell

The Definitive Dow Theory on Gold

Posted on March 18, 2017 by | Leave a comment

Dow Theory attempts to define and identify major moves in markets referenced here as the “primary trend.”  In this piece, we will outline the price of gold according to Dow Theory. We’re going to review and analyze the primary trend … Continue reading →

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Posted in 50% principle, Dow Theory, gold

Using Dow Theory with Helmerich & Payne

Posted on January 15, 2017 by | Leave a comment

The core of Dow Theory is the emphasis of value investing, anticipating investor behavior and knowing when to accept fair profits.  This posting outlines the basic premise of these core concepts. On September 14, 2015, we posted a Quick Take … Continue reading →

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Posted in Dow's Value Theory, Helmerich & Payne

Dow Theory: Myth & Fact

Posted on December 10, 2016 by | Leave a comment

Recent stock market action warrants the review of Dow Theory.  On December 8, 2016, the Dow Jones Transportation Average increased above the previous peak set in December 2014.  This change in the Transportation Average confirms the new highs established by … Continue reading →

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Posted in Dow's Value Theory

Dow Theory: Quality v. Quantity

Posted on July 29, 2016 by | Leave a comment

Intro There is some need to explain how and why we have chosen to do an assessment of Manuel Blay’s work on Dow Theory published on SeekingAlpha.com. Below is a brief summary of how we went from never commenting about … Continue reading →

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Posted in Dow Theory, Manuel Blay

Dow Theory, This Is Not

Posted on July 13, 2016 by | 2 comments

Dow Theory is only a theory.  Therefore, it is necessary to take all indications with a tremendous grain of salt.  However, it has been our endeavor to determine the qualitative nature of the work as presented by anyone who writes … Continue reading →

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Posted in Dow Theory, Dow Theory Bull Market indication, Manuel Blay

Dow Theory: Did Microsoft Overpay for LinkedIn?

Posted on June 14, 2016 by | Leave a comment

The question has come up about whether or not Microsoft (MSFT) has overpaid for LinkedIn (LNKD).  We’re going to apply Dow Theory to determine what would have been considered the fair value for LNKD based on the stock price. Next, … Continue reading →

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Posted in 50% principle, Dow Fair Value, LNKD, MSFT, values

Dow Theory: The Misunderstood Barometer

Posted on May 24, 2015 by | 1 comment

Dow Theory is a fickle beast.  While the theory is sound, those that interpret it have their challenges.  A recent article dated May 21, 2015 titled “Transportation Average – A Big Concern for Stock Bulls?” by Chris Ciovacco presents some … Continue reading →

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Posted in Dow Industrials, Dow Theory, Dow Theory Letters, Dow Theory Non confirmation, Dow Transports, Richard Russell

Dow Theory

Posted on May 18, 2014 by | 4 comments

On September 30, 2013, we posted our Dow Theory analysis.  In that assessment, we acknowledged that our June 2013 review of Dow Theory was incorrect.  Additionally, we pointed out the importance of using Dow Theory as an asset allocation tool … Continue reading →

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Posted in Dow Industrials, Dow Jones Utility Average, Dow Theory, Russell 2000

Dow Theory: The 50% Principle

Posted on January 14, 2014 by | Leave a comment

The following from Richard Russell’s Dow Theory Letters is what we believe to be one of the most valuable examples of Charles Dow’s 50% Principle in action.    “I am publishing this arithmetic chart of the D-J Industrials (high and low … Continue reading →

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Posted in 50% principle, Dow Fair Value

Dow Theory and the Gold Stock Indicator

Posted on December 3, 2013 by | 2 comments

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Posted in Dow Theory, Dow Theory Bull Market indication, gold, Gold Stock Indicator, precious metals

Dow Theory on Marvell Technology Buyout Rumors

Posted on November 5, 2013 by | Comments Off on Dow Theory on Marvell Technology Buyout Rumors

Today the price of Marvell Technology increased +8.49% after news of KKR & Co. having acquired 5% of the chipmaker.  According to Bloomberg News: “KKR & Co. (KKR) has acquired almost 5 percent of computer chipmaker Marvell Technology Group Ltd. … Continue reading →

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Posted in Dow Fair Value, Dow Theory, fair profit, KKR, MRVL

Dow Theory: Where Does Investment Growth Come From?

Posted on November 4, 2013 by | Comments Off on Dow Theory: Where Does Investment Growth Come From?

Charles H. Dow once said, “the growth of the business of the country accrues on the old stocks.” We thought we’d compare this idea of Dow’s with the portfolio of Warren Buffett to see how accurate this concept might be.  … Continue reading →

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Posted in Dow's Value Theory