No changes in trends.
No big news today, so this Dow Theory commentary on
this blog will be brief.
The SPY closed unchanged, and the Industrials were
slightly down. Transports, again displaying more relative strength closed up. Technically,
nothing has changed. The primary trend remains bullish, and the secondary trend
remains bearish. It has been a so neutral day that I prefer not to derive any
inferences from volume.
As to gold, silver and their respective miners ETFs
all of them closed up for the day. The miners displayed greater relative strength.
Particularly, SIL closed slightly below the highest high of 10/04/2012. The silver universe keeps on being strong.
The primary trend of gold and silver remains solidly
up. The secondary trend remains bearish. As to their ETFs, and as I expressed here, I have my qualms as to
classifying their price action as a secondary reaction. What is clear is that
the primary trend is solidly bullish too.
Let’s see what tomorrow will bring.
Tomorrow my daily commentary will be somewhat delayed. In any instance, you will get it before the open of Friday.
Here you have the figures of the markets I monitor for
today.
Data for October 31, 2012 | |||
DOW THEORY PRIMARY TREND MONITOR SPY | |||
SPY | |||
Bull market started | 06/04/2012 | 128,1 | |
Bull market signaled | 06/29/2012 | 136,1 | |
Last close | 10/31/2012 | 141,35 | |
Current stop level: Bear mkt low | 128,1 | ||
Unrlzd gain % | Tot advance since start bull mkt | Max Pot Loss % | |
3,86% | 10,34% | 6,25% | |
DOW THEORY PRIMARY TREND MONITOR GOLD (GLD) | |||
GLD | |||
Bull market started | 05/16/2012 | 149,46 | |
Bull market signaled | 08/22/2012 | 160,54 | |
Last close | 10/31/2012 | 166,83 | |
Current stop level: Bear mkt low | 149,46 | ||
Unrlzd gain % | Tot advance since start bull mkt | Max Pot Loss % | |
3,92% | 11,62% | 7,41% | |
DOW THEORY PRIMARY TREND MONITOR SILVER (SLV) | |||
SLV | |||
Bull market started | 06/28/2012 | 25,63 | |
Bull market signaled | 08/22/2012 | 28,92 | |
Last close | 10/31/2012 | 31,26 | |
Current stop level: Bear mkt low | 25,63 | ||
Unrlzd gain % | Tot advance since start bull mkt | Max Pot Loss % | |
8,09% | 21,97% | 12,84% | |
DOW THEORY PRIMARY TREND MONITOR ETF SIL | |||
SIL | |||
Bull market started | 07/24/2012 | 17,08 | |
Bull market signaled | 09/04/2012 | 21,83 | |
Last close | 10/31/2012 | 25,29 | |
Current stop level: Bear mkt low | 17,08 | ||
Unrlzd gain % | Tot advance since start bull mkt | Max Pot Loss % | |
15,85% | 48,07% | 27,81% | |
DOW THEORY PRIMARY TREND MONITOR ETF GDX | |||
GDX | |||
Bull market started | 05/16/2012 | 39,56 | |
Bull market signaled | 09/04/2012 | 47,77 | |
Last close | 10/31/2012 | 52,9 | |
Current stop level: Bear mkt low | 39,56 | ||
Unrlzd gain % | Tot advance since start bull mkt | Max Pot Loss % | |
10,74% | 33,72% | 20,75% |
Sincerely,
The Dow Theorist
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