Gold and silver up
The SPY, Industrials and the Transports closed down again. A rally, albeit small, is more than due. In the meantime, the primary trend remains bearish and the secondary trend bullish.
Volume today was higher than yesterday’s. Given that stocks closed down, it has a bearish connotation. The overall pattern of volume is bearish.
Gold and silver closed up. The primary trend and the secondary trend remains bearish.
The silver miners’ ETF (SIL) closed down today, whereas its gold peer (GDX) closed up today. The primary trend remains bullish, and the secondary trend remains bearish.
BLV (long-term bond term bond) closed for up for a second day in a row. However, technically BLV is bearish. The BLV/GLD ratio continues bullish in favor of BLV.
Here you have the figures of the markets I monitor for today.
| Data for December 27, 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 | 12/27/2012 | 141,56 | |
| Current stop level: Bull market high | 147,24 | ||
| Price chg since bear mkt signaled | Tot decline since start bear mkt | Max Pot Loss % | |
| 3,81% | -3,86% | -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 | |
| Exit December 20 | 12/27/2012 | 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 | 12/27/2012 | 29,00 | |
| Current stop level: Sec React low | 11/02/2012 | 29,95 | |
| Realized gain % | Tot advance since start bull mkt | ||
| 0,28% | 14,09% | ||
| 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 | 12/27/2012 | 22,17 | |
| Current stop level: Bear mkt low | 17,08 | ||
| Unrlzd gain % | Tot advance since start bull mkt | Max Pot Loss % | |
| 1,56% | 29,80% | 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 | 12/27/2012 | 45,44 | |
| Current stop level: Bear mkt low | 39,56 | ||
| Unrlzd gain % | Tot advance since start bull mkt | Max Pot Loss % | |
| -4,88% | 14,86% | 20,75% | |
Sincerely,
The Dow Theorist
