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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

"The reasonable man adapts himself to the world; the unreasonable one persists to adapt the world to himself. Therefore all progress depends on the unreasonable man." - George Bernard Shaw

Daily Recap

There was general follow-through on yesterday's positive moves in world stock markets.  Major Asian exchanges were all up respectable amounts, as were European shares.  Those helped send the Global Dow Index up 0.25%.


Higher Metals Ahead?

by Jon S. Strebler


The situation in N. Korea has in some ways been a case of “different day, same old same old,” beginning at least as far back as the rule of Kim Jong Il (1994-2011). No matter what the reality of the situation is, the country’s leaders tend to react by threatening the most dire military consequences, using verbiage that – were the situation not so serious – is nearly comical. In the recent past, for example, it has threatened to “invade America” and “reduce Washington, DC to ashes” as it “leaves no Americans alive.” 


Richard's Thoughts on Gold

Richard's Comments


As far as I can see, there's only one "safe haven" in the rapidly changing world of today. It's an item that has served as a safe haven for 6,000 years. Because gold is the only item that can't go bankrupt, for thousands of years, gold has been treated as pure wealth.


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