Monday, January 14, 2013

Dow Theory Update for Jan 14: No changes in trends




 Gold and silver up.


Today is going to be a short post, since not all days are rich in Dow Theory significant events.

The Industrials and Transports closed up. The SPY closed down. The primary and secondary trend remains bullish.

Today’s volume was lower than yesterday’s. Since the SPY was down today, I’d say that the overall weakness was more prevailing than strength. So lower volume has a bullish connotation, as declining prices were not confirmed by increasing volume. The bullish conclusions I wrote in this post in this Dow Theory remain valid. Here you have an updated chart:

Volume continues bullish short term


Gold and silver closed up. Silver (SLV) bettered the last recorded highs of 01/02/2013. However, gold didn’t deign to confirm. The primary and the secondary trend remain bearish.

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

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

 

 
Data for January 14, 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
01/14/2013 146.97
Current stop level: Bear mkt low

135.7




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




0.62% 8.31% 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
01/14/2013 22.3
Current stop level: Bear mkt low

17.08




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




2.15% 30.56% 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
01/14/2013 45.23
Current stop level: Bear mkt low

39.56




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




-5.32% 14.33%
 




Sincerely,

The Dow Theorist

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