Stocks and precious metals down
Let’s get started with our Dow Theory commentary in this blog.
The SPY and the Industrials closed down. The Transports closed up. The primary trend remains bearish and the secondary bullish.
Volume was down today. Since stocks closed down today, it has a bullish connotation, as the decline was not confirmed by volume which retreated. The pattern of volume, though, remains bearish.
Gold and silver closed down today. We keep our eyes fixated on the Nov 2 lows. If such lows are violated, a primary bear market would be signaled by the Dow Theory. Until this happens (if at all), the primary trend of the market remains bullish. The secondary trend is bearish.
GDX and SIL (the gold and silver miners ETF) 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 December 13, 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 | 12/13/2012 | 142,63 | |
| Current stop level: Bull market high | 147,24 | ||
| Price chg since bear mkt signaled | Tot decline since start bear mkt | Max Pot Loss % | |
| 4,59% | -3,13% | -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 | 12/13/2012 | 164,37 | |
| Current stop level: Sec React low | 11/02/2012 | 162,6 | |
| Unrlzd gain % | Tot advance since start bull mkt | Min Pot Gain % | |
| 2,39% | 9,98% | 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 | 12/13/2012 | 31,53 | |
| Current stop level: Sec React low | 11/02/2012 | 29,95 | |
| Unrlzd gain % | Tot advance since start bull mkt | Min Pot Gain % | |
| 9,02% | 23,02% | 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 | 12/13/2012 | 22,97 | |
| Current stop level: Bear mkt low | 17,08 | ||
| Unrlzd gain % | Tot advance since start bull mkt | Max Pot Loss % | |
| 5,22% | 34,48% | 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 | 12/13/2012 | 46,34 | |
| Current stop level: Bear mkt low | 39,56 | ||
| Unrlzd gain % | Tot advance since start bull mkt | Max Pot Loss % | |
| -2,99% | 17,14% | 20,75% | |
Sincerely,
The Dow Theorist
