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