Click Here to Subscribe Now! Try a 3-month trial for only $68

 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

"Optimism is the one quality more associated with success and happiness than any other." - Brian Tracy

Daily Recap

Stock prices were lower in Europe today, on lower oil prices.  The STOXX 600 was down 0.8%, but less than Pacific/Asian shares, which were down 1.3%.  US stocks followed suit, with the Dow down almost 100 points early in the day.  

But then came the rally that moved the Industrials into positive territory, where they traded for most of the session.


Challenges Confront Globalization

By Jon S. Strebler


Among other news on Friday was the disturbing revelation that companies such as Amazon, Twitter, Netflix, and Spotify had been hit by “waves of cyber attacks” earlier in the day, followed by further attacks throughout the day. The US Department of Homeland Security was unaware of who was responsible for the attacks at the time, but it doesn’t take a lot of imagination to create a list of suspects. And we may well know the winner by the time you read this. 


Corporate Profits Making the Turn?

By Matthew Kerkhoff


Over the past five quarters, corporate profits have been shrinking, but the stock market remains near all-time highs. This divergence can’t persist forever, and will eventually break one way or the other. The question is, which way will things go?


At the moment, it appears that earnings could be reversing course, which would provide a very helpful tailwind for equity prices.


More Articles »