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Stock Market: Dow Theory again confirmed an ongoing Primary Tide Bull Market on Wednesday, and the broader market confirmed the uptrend as well
Stock Market: Dow Theory again confirmed an ongoing Primary Tide Bull Market on Wednesday, and the broader market confirmed the uptrend as well. The Dow Theory again confirmed a Bullish Major Trend on 3/17/10, when both the Dow-Jones Industrial Average and the Dow-Jones Transportation Average...
An Intro to Dow Theory
By: Evan LazarusBefore Charles Dow began writing the theory that bares his name over a century ago, the idea of speculating on the markets was considered rather foolish. Yet still, the Dow Theory is regarded as one of the leading authorities on basic market philosophy and is relevant to all...
Yahoo! The Dow Theory
Finally, folks, we get to it – the Dow Theory … The first thing you need to understand is I am not big on theories that purport to predict broad-market movement. Like individual markets, the broad-market is subject to the often irrational influence of its participants. Thus, predicting...
Stock Market: a persistent uptrend. S&P 500 rose 6 consecutive days.
Stock Market: a persistent uptrend. S&P 500 rose 6 consecutive days. Industrials led the way. Industrial Stock Sector Relative Strength Ratio (XLI/SPY) rose above the highs of the previous 11-months on 1/11/10. XLI/SPY remains above rising 50-day and 200-day simple moving averages. Absolute...
Daily Stock Market Update
Stock Market: a Primary Tide Bull Market confirmed again. Both the Dow-Jones Industrial Average and the Dow-Jones Transportation Average closed above 15-month closing price highs to confirm the preexisting Primary Tide Bull Market. Applied correctly, Dow's Theory has proven itself over the past...
Daily Stock Market Update
Stock Market: “The most bullish thing a market can do is to go up.”—an old Wall Street adage. S&P 500 Composite rose further above highs of the previous 15 months on 1/7/10. It has gone up 4 days in a row, up 11 of the past 13 trading days, and up 9 of the past 10 months. It is a persistent bull...
Daily Stock Market Update
Stock Market: rose above highs of the previous 15 months. S&P 500 and NASDAQ Composites both rose above their highs of the previous 15 months on 1/5/10. Materials Stock Sector Relative Strength Ratio (XLB/SPY) rose above 4-week highs on 1/5/10. XLB/SPY is above its 50- and 200-day simple moving...
Daily Stock Market Update
Stock Market: fresh signals. Consumer Discretionary Relative Strength Ratio (XLY/SPY) rose above its highs of the previous 32-months. Bullish. Technology (XLK) absolute price moved above its highs of the previous 15 months. Bullish. Emerging Markets Stocks ETF (EEM) Relative Strength Ratio...
Daily Stock Market Update
Stock Market: Dow Theory again confirmed a Primary Tide Bull Market. The Dow Theory again confirmed a Primary Tide Bull Market on 12/14/09, when both the Dow-Jones Industrial Average and the Dow-Jones Transportation Average closed above their closing price highs of the previous 14 months. The...
Daily Stock Market Update
Stock Market: typical December cross currents— sorting the strong from the weak. Consumer Discretionary Stock Sector Relative Strength Ratio (XLY/SPY) rose above the highs of the previous 31-months. XLY/SPY remains above 50- and 200-day simple moving averages, which are rising bullishly. ...
Daily Stock Market Update
Stock Market: consolidating, with mixed trends in various segments. Growth Stock/Value Stock Relative Strength Ratio (IWF/IWD) rose further above the highs of the previous 4-months on 12/10/09, again confirming the preexisting bullish trend. IWF/IWD remains above its rising 50- and 200-day...
Daily Stock Market Update
Stock Market: consolidating gains. The S&P 500 made little progress on Tuesday and Wednesday, following its 13-month high at 1,113.69, intraday, on Monday, 11/16/2009. The index remains above 50- and 200-day simple moving averages, which continue to rise bullishly. Advisory Service Bull/Bear...
Daily Stock Market Commentary
Stock Market: volume fell on Friday’s recovery attempt, and that is not a sign of strong buying power. Technology Stock Sector Relative Strength Ratio (XLK/SPY) rose to another new 3-month high on 11/13/09, confirming the preexisting bullish trend for the intermediate term. XLK/SPY rose to its...
Daily Stock Market Commentary
Stock Market: buying power is weak. Price indexes rose all 5 trading days last week, but NYSE volume fell 4 out of 5 days. Volume was 27% below its 200-day average on Friday. Volume has been failing to confirm a rising price trend, suggesting that buying power is weak. Russell 1000 Value ETF...
Daily Stock Market Commentary
Stock Market: 4 days up, but where’s the volume? Price indexes rose again on Thursday, but NYSE volume fell 13%. Volume has been failing to confirm a rising price trend. Buying power appears weak. Technically, there were some slight reversals but no significant changes in the underlying trends...
