Stocks mostly up
Let’s get started with our Dow Theory commentary for today.
The SPY and Transports closed up. The Industrials closed down. The primary and secondary trend remains bullish.
Volume was up. Since today it was an up day, it has a bullish connotation. For the reasons stated here, I see the overall pattern of volume turning bearish (at least for the short term, let’s say 2-3 weeks).
Gold (GLD) and silver (SLV) closed down. As you can see, investing along the primary trend can be boring. On December 20, the Dow Theory, by signaling a primary bear market, told us that the safest course of action was to stay on the sidelines. Since that date, the market condition has not changed, and no action was required.
The primary and secondary trend remains bearish.
GDX (gold miners ETF) and SLV (silver miners ETF) closed down. The primary and secondary trend remains bearish.
Here you have the figures of the markets I monitor for today.
| Data for February 13, 2013 | |||
| DOW THEORY PRIMARY TREND MONITOR SPY | |||
| SPY | |||
| Bull market started | 11/15/2012 | 135,7 | |
| Bull market signaled | 01/02/2013 | 146,06 | |
| Last close | 02/13/2013 | 152,15 | |
| Current stop level: Bear mkt low | 135,7 | ||
| Unrlzd gain % | Tot advance since start bull mkt | Max Pot Loss % | |
| 4,17% | 12,12% | 7,63% | |
| 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 | 12/20/2012 | 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 | 12/20/2012 | 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
