Wednesday, January 16, 2013

Dow Theory Update for Jan 16: Indecisive day for stocks






Gold and silver up


Let’s get started with our Dow Theory commentary for today.

The SPY and the Industrials closed slightly down. The Transports closed up. The primary and secondary trend remain bullish.

Today’s volume was lower than yesterday’s. Given that it was a down day, it has a bullish implication, as declining prices were not supported by volume. The overall pattern of volume remains bullish.

Gold (GLD) and silver (SLV) closed up. Gold refused to better the 01/02/2013 closing highs. Another day of non confirmation. The primary trend and the secondary trend remains bearish.

SIL and GDX (the silver and gold miners ETFs) 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 January 16, 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
01/16/2013 147.05
Current stop level: Bear mkt low

135.7




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




0.68% 8.36% 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
01/16/2013 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
01/16/2013 45.21
Current stop level: Bear mkt low

39.56




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




-5.36% 14.28% 20.75%



Sincerely,

The Dow Theorist

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