Tuesday, November 20, 2012

Dow Theory Update for Nov 20: Neutral day. No changes in trends.




 After a real avalanche of Dow Theory relevant events in the last few days, today it has been a relatively calm day. So I’ll endeavor to keep this post on this Dow Theory blog short.

Stocks were neutral today. The Industrials were mildly down today. The Transports closed down by some cents, and the SPY closed mildly up.

Volume was neutral to bearish. Since the SPY was up and volume was clearly lower than yesterday’s, it has a bearish connotation. The picture of volume remains overall bearish.

In the precious metals' universe only silver managed to close up. Gold and the miners ETFs closed down. Technically, nothing changed. The primary trend remains bullish and the secondary trend bearish.

Here you have the figures of the markets I monitor for today.

 
Data for November 20, 2012





DOW THEORY PRIMARY TREND MONITOR SPY




SPY
Bear market started
09/14/2012 147.24
Bear market signaled
11/16/2012 136.37
Last close
11/20/2012 139.19
Current stop level: Bull market high

147.24




Price chg since bear mkt signaled Tot decline since start bear mkt Max Pot Loss %




2.07% -5.47% -7.38%




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
11/20/2012 167.39
Current stop level: Bear mkt low

149.46




Unrlzd gain % Tot advance since start bull mkt Max Pot Loss %




4.27% 12.00% 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
11/20/2012 32.1
Current stop level: Bear mkt low

25.63




Unrlzd gain % Tot advance since start bull mkt Max Pot Loss %




11.00% 25.24% 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
11/20/2012 22.87
Current stop level: Bear mkt low

17.08




Unrlzd gain % Tot advance since start bull mkt Max Pot Loss %




4.76% 33.90% 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
11/20/2012 47.36
Current stop level: Bear mkt low

39.56




Unrlzd gain % Tot advance since start bull mkt Max Pot Loss %




-0.86% 19.72% 20.75%
Sincerely,

The Dow Theorist.

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