Precious metals mostly down.
Let’s get started with our Dow Theory commentary for today.
The SPY, Industrials and Transports closed up. The primary trend remains bearish and the secondary trend (secondary reaction) bullish.
Volume was higher than yesterday’s and since today was an up day, it has a bullish connotation (at last!). The overall pattern of volume remains, nonetheless, bearish.
Gold and silver closed down today. I keep watching the Nov 2 lows. A joint violation of them would mean a primary bear market signal.
SIL closed up, and GDX closed down. The primary trend remains bullish, and the secondary trend remains bearish.
Here you have the figures of the markets I monitor for today:
| Data for December 11, 2012 | |||
| DOW THEORY PRIMARY TREND MONITOR SPY | |||
| SPY | |||
| Bear market started | 09/14/2012 | 147,24 | |
| Bear market signaled | 11/16/2012 | 136,37 | |
| Last close | 12/11/2012 | 143,44 | |
| Current stop level: Bull market high | 147,24 | ||
| Price chg since bear mkt signaled | Tot decline since start bear mkt | Max Pot Loss % | |
| 5,18% | -2,58% | -7,38% | |
| DOW THEORY PRIMARY TREND MONITOR GOLD (GLD) | |||
| GLD | |||
| Bull market started | 05/16/2012 | 149,46 | |
| Bull market signaled | 08/22/2012 | 160,54 | |
| Last close | 12/11/2012 | 165,65 | |
| Current stop level: Sec React low | 11/02/2012 | 162,6 | |
| Unrlzd gain % | Tot advance since start bull mkt | Min Pot Gain % | |
| 3,18% | 10,83% | 1,28% | |
| DOW THEORY PRIMARY TREND MONITOR SILVER (SLV) | |||
| SLV | |||
| Bull market started | 06/28/2012 | 25,63 | |
| Bull market signaled | 08/22/2012 | 28,92 | |
| Last close | 12/11/2012 | 31,9 | |
| Current stop level: Sec React low | 11/02/2012 | 29,95 | |
| Unrlzd gain % | Tot advance since start bull mkt | Min Pot Gain % | |
| 10,30% | 24,46% | 3,56% | |
| 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 | 12/11/2012 | 22,95 | |
| Current stop level: Bear mkt low | 17,08 | ||
| Unrlzd gain % | Tot advance since start bull mkt | Max Pot Loss % | |
| 5,13% | 34,37% | 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 | 12/11/2012 | 46,28 | |
| Current stop level: Bear mkt low | 39,56 | ||
| Unrlzd gain % | Tot advance since start bull mkt | Max Pot Loss % | |
| -3,12% | 16,99% | 20,75% | |
Sincerely,
The Dow Theorist
