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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

"A market is the combined behavior of thousands of people responding to information, misinformation, and whim." - Kenneth Chang

A Change in the Wind

By Matthew Kerkhoff


Markets are reacting to Friday’s abandonment of the GOP health care plan, and so far the narrative is one of uncertainty regarding the high expectations that have been set over recent months.


The new health care bill was seen as the first real test for Trump and fellow republicans, and it’s probably fair to say that they are not delighted with the outcome. But what about the markets?


G2 Conflict

By Benjamin J. Butler


Plaza Hotel, Seoul


I am writing this week from the Asia Pacific Financial Forum, where I was the opening keynote speaker. The topic of the forum is the G2 (Group of Two -- US and China) trade war and neo-isolationism.  I was actually wondering whether the Plaza Hotel here was linked to the one in New York, as rather interestingly that was the location of the famous Plaza Accord, where the major economic powers decided to reduce the value of the US dollar in 1985.


Daily Recap

Stocks headed sharply lower in Asia last night, responding to similar declines in the US yesterday.  European shares also sold off, though not as much, with the STOXX 600 index finishing down 0.44%.


In the US, stocks were mixed as traders continued to worry about the fate of the Republican health care plan. 


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