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 Welcome to Dow Theory Letters

A Leader and Innovator in Technical Stock Market Analysis

 for over 50 Years!


Founder Richard Russell's 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
  • "Richard's Wisdom" -- weekly column of selected past writings of Richard Russell, with commentary from the Dow Theory team relating them to market conditions today
  • 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

"Always reward your long hours of labor surrounded by your family. Nurture their love carefully, remembering that your children need models, not critics. And even if you have failed at all else in the eyes of the world, if you have a loving family, you are a success." - Og Mandino

Richard's Thoughts on Bull Market Corrections

Dear Subscribers,


Today's article by Richard is very timely. Once again he reminds us of the power of the primary stock market trend. This also helps put this week's action into perspective...


Richard's Comments


The single most difficult concept to get across to investors (and I say this after many years of writing about it) is the concept of the great primary trend of the market.


New Silk Road

By Benjamin J. Butler


Somewhere on the West Coast of Korea 


I am spending a night with my daughter and wife in a hotel overlooking the ocean on the west coast of Korea. Like pretty much all of the coast of South Korea, there are military installations in the vicinity, but not enough to ruin the views. Since Moon Jae-In was elected President there has again been rhetoric that suggests a possible change in relations between the two Koreas. In recent weeks Trump has hinted a willingness to one day meet Kim Jong Un, and the new South Korean President said he wants to resolve the crisis and will fly to Pyongyang in North Korea if he has to.  


Daily Recap

Most people thought a day like today was inevitable, with just the timing of it being the big unknown. Combine a complacent, overvalued market with President Trump (allegedly) finally going too far in fighting mainstream Washington, and the result isn't pretty.


My Gold 'n I

by Jon S. Strebler


I come from a gritty little beach town in Southern California, only a few miles yet worlds apart from upscale La Jolla, Laguna Beach and the like.  While homes in those places start somewhere north of a million dollars, a nice house a few blocks from the beach in my town was still going for half a million - up until a year or two ago, anyway.


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