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 Welcome to Dow Theory Letters

A Leader and Innovator in Technical Stock Market Analysis

 for over 50 Years!


Richard Russell and his team of talented analysts work daily to bring you the best of primary trend analysis, investor education and intelligent investing advice.


How We Are Different

  • We believe in “market timing.” Our goal is to get you out at the top and in at the bottom of major, long-term market moves.
  • Daily edition. Dow Theory Letters is published daily, an hour after the market closes, at 2 pm, Pacific Standard Time. 
  • Value. We provide the analysis of our entire team to you for one low price.


What You Get

  • Daily market analysis from one of our outstanding columnists
  • Daily commentary and musings from analyst emeritus Richard Russell
  • The Primary Trend Index (PTI) our proprietary trend indicator
  • Market data section with everything you need to get a full picture of how the market is evolving



Quote of the Day

"I have never had an impulse to go to the altar. I am a difficult person to lead.” Greta Garbo

Richard's Remarks

Yesterday’s market action was outstandingly friendly toward the precious metals. At last, I consider that gold has completed a major base. I’ll be surprised if we see gold descend again to test its supported at 1100. As for myself, I have placed most of my assets in physical gold and silver on the assumption that over any extended period of time silver and gold will retain their purchasing power.

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Richard's Remarks

Today was a good day for my subscribers. The stock market trended higher with both Industrials and Transports up on the day as I write an hour before the close. The great action appeared in the universe of the precious metals. Of the fourteen items that I follow in the precious metals universe, all fourteen were higher today.

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The International Investor

By Benjamin J. Butler

Vienna, Austria


"I Feel Like I'm Living In A Cartoon," Rick Santeli, CNBC.


So I have just arrived in Vienna from Munich where I spent a few days. These Germanic countries and places fascinate me. Everything seems to function well and they seem to be quite evolved when it comes to green/efficient energy, a subject on my mind after last week’s event that I helped organize with KIC Innoenergy.  Clearly, this is not merely a technology issue – it is also a mindset.

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