Wednesday, December 5, 2012

Dow Theory Update for Dec 5: Stocks up. No change in trends






Gold and silver modestly down.


Let’s see what the Dow Theory has in store for us today.

The SPY, Industrials and Transports closed up today. The primary trend remains bearish, the secondary one bullish.

Volume was higher than yesterday’s. Being an up day, it has a bullish connotation. In the last 6 days we have had 3 volume bullish days and 3 volume bearish days.

Gold and silver closed down today. I keep my eyes on the 11/02/2012 secondary reaction lows. If they are violated, we can kiss good-bye to the primary bull market. However, as things stand now, the primary trend remains bullish and the secondary trend bearish.

SIL and GDX (the gold and silver miners ETS) closed down today. The primary trend remains bullish and the secondary trend bearish.

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


Data for December 5, 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
12/05/2012 141,5
Current stop level: Bull market high

147,24




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




3,76% -3,90% -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
12/05/2012 164,12
Current stop level: Sec React low
11/02/2012 162,6




Unrlzd gain % Tot advance since start bull mkt Min Pot Gain %




2,23% 9,81% 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
12/05/2012 31,82
Current stop level: Sec React low
11/02/2012 29,95




Unrlzd gain % Tot advance since start bull mkt Min Pot Gain %




10,03% 24,15% 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
12/05/2012 22,22
Current stop level: Bear mkt low

17,08




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




1,79% 30,09% 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
12/05/2012 45,32
Current stop level: Bear mkt low

39,56




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




-5,13% 14,56% 20,75%




Sincerely,

The Dow Theorist



No comments:

Post a Comment