Friday, November 30, 2012

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.

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