Dow Theory Update for Feb 5: Stocks up. No change of trends

Precious metals mixed

By the way, today "The Big Picture" blog contains an interesting piece of research supporting the value of technical analysis. You can find it here and it is worth your time.  Page 20 of the report notes that technical approaches tend to outperform in bad years for the market, which is fully in agreement with the research that was posted in this post in this Dow Theory blog.

 Back to our Dow Theory routine.

There aren’t many Dow Theory significant events today.

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

Volume was higher than yesterday’s, which results in a bullish volume day.

Gold closed down and silver up. Both by just some cents. More meandering and nothing conclusive. The primary and secondary trend remains bearish.

GDX (the gold  miners ETF) closed down, SIL (the silver miners ETF) closed up. Again, more indecision. The primary and secondary trend remains bearish.

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

Data for February 5, 2013
DOW THEORY PRIMARY TREND MONITOR SPY
			SPY
Bull market started		11/15/2012	135,7
Bull market signaled		01/02/2013	146,1
Last close		02/05/2013	151,1
Current stop level: Bear mkt low			135,7
Unrlzd gain %	Tot advance since start bull mkt	Max Pot Loss %
3,42%	11,31%	7,63%
DOW THEORY PRIMARY TREND MONITOR GOLD (GLD)
			GLD
Bull market started		05/16/2012	149,5
Bull market signaled		08/22/2012	160,5
Exit December 20		12/20/2012	161,2
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
Exit January 23		01/24/2013	21,69
Current stop level: Sec React low		11/15/2012	21,87
Realized Loss %	Tot advance since start bull mkt	Max Pot Loss %
-0,64%	26,99%	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
Exit January 23		01/24/2013	44,56
Current stop level: Sec React low		12/05/2012	45,35
Realized Loss %	Tot advance since start bull mkt	Max Pot Loss %
-6,72%	12,64%	20,75%

Sincerely,

The Dow Theorist.