Thursday, January 10, 2013

Dow Theory Update for Jan 10: Stocks make new highs. Primary trend confirmed bullish




 Gold, silver and their miners up.


Today is a relevant day for stocks under Dow Theory.

The SPY, the Industrials and the Transports have bettered their Jan 4 highs (which at the same time bettered the Jan 2 highs). Under Dow Theory confirmed higher highs is always a bullish sign. Hence, the primary and the secondary trend of stocks is bullish. Here you have an updated chart:

The primary trend is bullish as per the Dow Theory. Higher highs made today
  
Volume was higher today than yesterday’s. Given that stocks closed up today, it is a bullish sign. For the reasons I gave yesterday in this Dow Theory blog, the overall assessment of the volume patterns is bullish.
 
Gold and silver closed up. The primary trend and the secondary trend remains bearish.

SIL and GDX closed up. The primary trend is bullish, and the secondary trend remains bearish.

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



Data for January 10, 2013





DOW THEORY PRIMARY TREND MONITOR SPY




SPY
Bull market started
11/15/2012 135.7
Bull market signaled
01/02/2013 146.06
Last close
01/10/2013 147.08
Current stop level: Bear mkt low

135.7




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




0.70% 8.39% 7.63%




DOW THEORY PRIMARY TREND MONITOR GOLD (GLD)



GLD
Bull market started
05/16/2012 149.46
Bull market signaled
08/22/2012 160.54
Exit December 20
12/20/2012 161.16
Current stop level: Sec React low
11/02/2012 162.6




Realized Loss % Tot advance since start bull mkt





0.39% 7.83%





DOW THEORY PRIMARY TREND MONITOR SILVER (SLV)



SLV
Bull market started
06/28/2012 25.63
Bull market signaled
08/22/2012 28.92
Exit December 20
12/20/2012 29
Current stop level: Sec React low
11/02/2012 29.95




Realized gain % Tot advance since start bull mkt





0.28% 13.15%





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
01/10/2013 22.42
Current stop level: Bear mkt low

17.08




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




2.70% 31.26% 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
01/10/2013 45.41
Current stop level: Bear mkt low

39.56




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




-4.94% 14.79% 20.75%



Sincerely,

The Dow Theorist

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