Our first housing target from January 22, 2023 have been achieved.
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Author Archives: NLO Team
Lancaster Colony Price Momentum $LANC
We saw this posting from Eddy Elfenbein and took a look at Lancaster Colony (LANC).
2023 Dogs of the TSX 60
Below is the Dogs of the TSX 60 for 2023 with the breakdown of the other categories that we track. Continue reading
2023 Dogs of the Dow
Below is the Dogs of the Dow for 2023 with the breakdown of the other categories that we track. Continue reading
2022 Book List
Below are the books that we’ve read cover-to-cover from January 2022 to December 2022. Don’t forget to check out our 2021, 2020, 2018, 2017, 2016 and the Dow Theory Letters book lists.
| Title | Author | |
| Revolution That Wasn't, The | by | Spencer Jakab |
| Panic! | by | Michael Lewis |
| Warren Buffett's Ground Rules | by | Jeremy C. Miller |
| Great Quake, The | by | Henry Fountain |
| Pacific | by | Simon Winchester |
| How to Tell a Story | by | Aristotle |
| African Founders | by | David Hackett Fischer |
| How the Hippies Saved Physics | by | David Kaiser |
| Music Is History | by | Questlove |
| Coal | by | Barbara Freese |
| Titans of History | by | Simon Sebag Montefiore |
| A Brief History of Motion | by | Tom Standage |
| Ascent of Money, The | by | Niall Ferguson |
| Mark Inside, The | by | Amy Reading |
| Plagues Upon the Earth | by | Kyle Harper |
| Mutiny on the Rising Sun | by | Jared Ross Hardesty |
| A Brief History of Korea | by | Michael J. Seth |
| Money | by | Jacob Goldstein |
| Story Paradox, The | by | Jonathan Gottschall |
| Boom and Bust | by | William Quinn |
| Players Ball, The | by | David Kushner |
| Unseen Body, The | by | Jonathan Reisman |
| Things are Never So Bad That They Can't Get Worse | by | William Neuman |
| Body, The | by | Bill Bryson |
| Icepick Surgeon, The | by | Sam Kean |
| Why You Like The Science & Culture of Musical Taste | by | Nolan Gasser |
| Reason for the Darkness of the Night: Edgar Allan Poe and the Forging of American Science, The | by | John Tresch |
| A (Very) Short History of Life on Earth | by | Henry Gee |
| In the Shadow of Liberty | by | Kenneth C. Davis |
| Prisoners of Geography | by | Tim Marshall |
| Joy of Sweat, The | by | Sarah Everts |
| Forgetting: The Benefits of Not Remembering | by | Scott A. Small |
| Spinning Magnet, The | by | Alanna Mitchell |
| Midnight in Chernobyl | by | Adam Higginbothham |
| Science of James Smithson, The | by | Steven Turner |
| Knowledge Machine, The | by | Michael Strevens |
| Breathe | by | James Nestor |
| Lithium | by | Walter A. Brown |
| Genetics in the Madhouse | by | Theodore M. Porter |
| An Elegant Defense | by | Matt Richtel |
2022 Dogs of the TSX 60
Below is a chart of the performance of the Dogs of the TSX 60 from December 31, 2021 to December 31, 2022. Continue reading
Posted in Dogs of the TSX
2022 Dogs of the Dow Review #DogsoftheDow
In our January 2, 2022 posting on the Dogs of the Dow, we said the following:
- "In the coming year, we’re expecting the market to underperform generally and accept that there is no real 'safe haven.'”
- "As shown in the 2017 article, the assumption is that if the year ends in the negative, these two categories will lead the way down. Meanwhile, if the year ends on the downside, the high yield stocks should have the market beating performance."
Posted in Dogs of the Dow
Equity Residential (EQR) Q1 2020
Industry representatives say that steadiness of FFO is more reflective of a REIT’s health. For the purposes of determining the future direction of the stock price, we prefer the wide variability of the net income figure. (data source)
see also:
Equity Residential (EQR) Q2 2020
Industry representatives say that steadiness of FFO is more reflective of a REIT’s health. For the purposes of determining the future direction of the stock price, we prefer the wide variability of the net income figure. (data source)
see also:
Public Storage (PSA) Q2 2020
Industry representatives say that steadiness of FFO is more reflective of a REIT’s health. For the purposes of determining the future direction of the stock price, we prefer the wide variability of the net income figure. (data source)
see also:
Digital Realty Trust Inc. (DLR) Q2 2020
Industry representatives say that steadiness of AFFO is more reflective of a REIT’s health. For the purposes of determining the future direction of the stock price, we prefer the wide variability of the net income figure. (data source)
see also:
Digital Realty Trust Inc. (DLR) Q1 2020
Industry representatives say that steadiness of FFO is more reflective of a REIT’s health. For the purposes of determining the future direction of the stock price, we prefer the wide variability of the net income figure. (data source)
see also:
A Strategy For the Coppock Curve
On, August 1, 2020, we said the following:
“Last month, the Coppock Curve dipped into negative territory flagging us to closely monitor this indicator for a buy signal. In addition to monitoring the Dow Jones Industrial Average, we created a model to back test this strategy against individual stocks. So far, we are very satisfied with the outcome.”
Based on our prior work, we have developed a strategy to compliment the indications made by the Coppock Curve when applied to the Dow Jones Industrial Average. Continue reading
Silver Review
On August 25, 2019, we said the following of silver:
“The trend is up, what remains are the buying opportunities (based on the upside targets above) and a lot of patience.”
Since that time, silver has had the following price action.
Clear buying opportunities have opened up in the intervening period from August 2019 to the July 2020 period. In addition, our point that precious metals prices decline during stock market declines has continued to hold up as highlighted in our articles published on November 8, 2008 and September 14, 2014. The mistaken belief that precious metals are the place to be if the stock market “crashes” because they act as a hedge, meaning generally increase, is mistaken.
Our next update on the price of silver will review the upside resistance targets so that those interested in the precious metal can be more selective of where they plan to initiate positions. We hope to continue the tradition of providing the least expensive lesson on the behavior of precious metals.
Posted in Silver
GDP and Market: July 2020
This is an update January 16, 2020 comparison of the Gross Domestic Product and the Wilshire 5000 on a quarterly basis from 1975 to Q2 2020.
It seems that the decline in GDP has run its course. Alternatively, if the decline has not ended then there is not much more to go on the downside.
Meanwhile, it is challenging to think that the Wilshire 5000 does not have more to go on the downside. However, the sudden nature of the cause in the decline and the extent of chasm that has been attained may mean that the worst is past us, buy only for those who are willing to take a 10 to 15 year investment horizon. Traders who are long only may see more pain ahead.
see also: January 2020
Posted in GDP, Wilshire 5000