Trends remain unchanged.
Stocks
The SPY, Industrials and Transports closed down.
Today’s volume was lower than Friday’s, which is bullish as lower prices were not confirmed by expanding volume. The overall pattern of volume is bearish.
Gold and Silver
SLV and GLD closed down. The primary trend is bearish, as explained here and reconfirmed bearish here. The secondary trend is bullish (secondary reaction against the primary bearish trend), as explained here.
GDX and SIL, the gold and silver miners ETFs closed down
The secondary trend for GDX and SIL is bullish, as explained here.
Here you have the figures for the SPY, which represents the only market with a suggested open long position.
| Data for July 29, 2013 | |||
| DOW THEORY PRIMARY TREND MONITOR SPY | |||
| SPY | |||
| Bull market started | 06/24/2013 | 157.06 | |
| Bull market signaled | 07/18/2013 | 168.87 | |
| Last close | 07/29/2013 | 168.59 | |
| Current stop level: Bear mkt low | 157.06 | ||
| Unrlzd gain % | Tot advance since start bull mkt | Max Pot Loss % | |
| -0.17% | 7.34% | 7.52% | |
Sincerely,
The Dow Theorist
