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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

“Investing is like poker. You should only play the good hands, and drop out of the poor hands, forfeiting the ante.” – Gary Biefeldt

Oblivious

By Benjamin J. Butler

 

South China Sea

 

Since last writing this column, I've had meetings with an eminent economics professor from Tsinghua University who is connected with government, my geopolitical advisors in Seoul,  Parag Khanna who wrote Connectography and Technocracy in America, the Chairman of a shipping company, the dean of China’s top design school, and the Bank of Korea, amongst others.

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Financial Deregulation

by Jon S. Strebler

The FDIC shows the following national average rates paid to depositors as of last Friday, who are the major source of funds for banks. These rates are essentially the same as rates shown by the FDIC for November 6, 2016 – before the election and the beginning of a spike in interest rates. In other words, banks have not had to pay depositors significantly more today than they did in early November. And by the way, these rates for jumbo deposits aren’t much different than what people get on smaller deposits; either way, just about nothing!

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Global LEIs and Technicals Point Up

By Matthew Kerkhoff

 

This post-election stock market rally has been exciting and profitable, but it has also become long in the tooth. After going nowhere for almost two years, the Industrials shot from 18,000 to 19,000 in about a two-week period, took out the 20,000 mark roughly two months later, and now we’re closing in on 21,000.

 

You can see the entirety of this move in the chart below, which also contains indications that more gains may lie ahead.

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