Dow Theory Update for Nov 30: No change in trends

Bearish bias

Today is going to be a short post in this Dow Theory blog.

The Industrials closed up. The Transports and SPY closed down.

The primary trend and secondary remain bearish.

Volume was very high. Since overall it was a down day, it was, again, a bearish volume day. Volume continues bearish and is negating validity to the current rally.

Gold, silver and their ETFs (GDX, SIL) closed down today. Technically, nothing has changed. The primary trend remains bullish and the secondary bearish.

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

Data for November 30, 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		11/30/2012	142,05
Current stop level: Bull market high			147,24
Price chg since bear mkt signaled	Tot decline since start bear mkt	Max Pot Loss %
4,17%	-3,52%	-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		11/30/2012	166,09
Current stop level: Sec React low		11/02/2012	162,6
Unrlzd gain %	Tot advance since start bull mkt	Min Pot Gain %
3,46%	11,13%	1,28%
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		11/30/2012	32,35
Current stop level: Sec React low		11/02/2012	29,95
Unrlzd gain %	Tot advance since start bull mkt	Min Pot Gain %
11,86%	26,22%	3,56%
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		11/30/2012	22,89
Current stop level: Bear mkt low			17,08
Unrlzd gain %	Tot advance since start bull mkt	Max Pot Loss %
4,86%	34,02%	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		11/30/2012	47,55
Current stop level: Bear mkt low			39,56
Unrlzd gain %	Tot advance since start bull mkt	Max Pot Loss %
-0,46%	20,20%	20,75%

Sincerely,

The Dow Theorist.