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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 market does not trade upon what everybody knows, but upon what those with the best information can foresee." - William Hamilton

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. 


Healthier Healthcare

by Jon S. Strebler  


Back in the late-1980s and early-90s, we used to take the kids camping 100 to 200 miles down the Baja California coast.  We’d stay at one deserted beach or another, often choosing Punta Cabras with its sand dunes, rocky headlands, blowholes and some decent waves.  Lots of good memories from those trips, including the rattlesnake that unwisely interrupted my morning business behind a nearby bush.  He ended up in the frying pan along with the eggs and taters, an extra protein source to fuel the day.


How to Protect Your Investments With Portfolio Insurance

By Matthew Kerkhoff


It’s that time of the month again. The one where we step into the world of derivatives to better understand the role options can play in an investment portfolio.


This is the fifth installment of our new monthly series on options, and it’s the first time we’re going to talk about actual option strategies. Up to this point, we’ve simply been laying a foundation of knowledge with which to begin discussing these strategies.


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