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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

"Since we cannot change reality, let us change the eyes which see reality." Nikos Kazantzakis

Oil Rebound Provides Sigh of Relief

By Matthew Kerkhoff

 

Oil rebounded toward the end of last week and the strength is continuing into today’s trading. There is a good chance the rally is being driven heavily by short-covering, but the price gains are easing fears across the broader market.

 

After two months of sharp declines, during which the RSI stayed in oversold territory, oil (WTIC) has risen nearly $10/barrel over the last five trading sessions. That represents an increase of over 20%. The positive action has taken the RSI back to neutral levels and triggered a long-awaited bullish crossover in the MACD.

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Rate Increase Still on the Horizon

By Richard Russell 

 

The Fed is still wrestling with the idea of raising rates. Ironically, raising rates could help business. A rate rise would allow the small banks to make needed loans to small business. When small business gets moving, inflation could move up which explains why gold is creeping higher.

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Economic Momentum Remains Positive

By Matthew Kerkhoff

 

Settling back in after taking a few days off is always tricky, and the markets certainly aren’t making things easy. This past week I spent some time up in Minnesota, visiting my family as well as meeting my girlfriend’s family for the first time.

 

It was supposed to be a relaxing getaway, staying on the outskirts of Minneapolis surrounded by rolling hills and green pastures. The gravel road that led to where we were staying elicited that country feel, subtly urging you to slow down, relax, and enjoy the slower pace of life.

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Little to Work With for Bulls

By Richard Russell

 

The market may be on the rebound from the crash. So far, in its enthusiasm, the market has rebounded further than expected. This morning as I write, the Dow is down 10, Transports are up 55, and the Nasdaq is up 15 to 4,831. Meanwhile, gold is up 9.7 to 1135.2 and silver is down a penny to 14.50. For the gold miners, GDX is up .30 to 14.09 and GDXJ is up 0.91 to 20.41. The answer to the trend may be resolved at today’s close.

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