Gold and silver modestly down.
Let’s see what the Dow Theory has in store for us today.
The SPY, Industrials and Transports closed up today. The primary trend remains bearish, the secondary one bullish.
Volume was higher than yesterday’s. Being an up day, it has a bullish connotation. In the last 6 days we have had 3 volume bullish days and 3 volume bearish days.
Gold and silver closed down today. I keep my eyes on the 11/02/2012 secondary reaction lows. If they are violated, we can kiss good-bye to the primary bull market. However, as things stand now, the primary trend remains bullish and the secondary trend bearish.
SIL and GDX (the gold and silver miners ETS) 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 5, 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 | 12/05/2012 | 141,5 | |
| Current stop level: Bull market high | 147,24 | ||
| Price chg since bear mkt signaled | Tot decline since start bear mkt | Max Pot Loss % | |
| 3,76% | -3,90% | -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 | 12/05/2012 | 164,12 | |
| Current stop level: Sec React low | 11/02/2012 | 162,6 | |
| Unrlzd gain % | Tot advance since start bull mkt | Min Pot Gain % | |
| 2,23% | 9,81% | 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 | 12/05/2012 | 31,82 | |
| Current stop level: Sec React low | 11/02/2012 | 29,95 | |
| Unrlzd gain % | Tot advance since start bull mkt | Min Pot Gain % | |
| 10,03% | 24,15% | 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 | 12/05/2012 | 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 | 12/05/2012 | 45,32 | |
| Current stop level: Bear mkt low | 39,56 | ||
| Unrlzd gain % | Tot advance since start bull mkt | Max Pot Loss % | |
| -5,13% | 14,56% | 20,75% | |
Sincerely,
The Dow Theorist
