Monday, November 26, 2012

Dow Theory Update for Nov 26: No changes technically



Mixed, inconclusive day.

 
Let’s begin our Dow Theory commentary for today.

Stocks were mixed. The SPY and the Industrials closed down. The Transports closed up.

Volume was higher today. Given than the SPY closed down this makes it a bearish volume day. We have had 5 bearish volume days in a row. This is indeed not very bullish, at least short term.

Thus, as per Dow Theory, the primary trend and secondary trend for stocks remains bearish. Those interested in knowing what other Dow Theorists are saying may find the following post interesting “Dow Theory recap: What are other Dow Theorists saying?” which you can find here.

GLD closed slightly lower. SLV closed slightly up. Technically, nothing has changed. The primary trend remains bullish, and the secondary trend remains bearish.

GDX closed up (by just one cent) and SIL closed down. Again,  technically nothing has changed. The primary trend remains bullish, and the secondary trend remains bearish.

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

 
Data for November 26, 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
11/26/2012 141.05
Current stop level: Bull market high

147.24




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




3.43% -4.20% -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
11/26/2012 169.43
Current stop level: Bear mkt low

149.46




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




5.54% 13.36% 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
11/26/2012 33.02
Current stop level: Bear mkt low

25.63




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




14.18% 28.83% 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
11/26/2012 23.17
Current stop level: Bear mkt low

17.08




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




6.14% 35.66% 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
11/26/2012 48.75
Current stop level: Bear mkt low

39.56




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




2.05% 23.23% 20.75%

Sincerely,

The Dow Theorist

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