Bearish bias
Today is going to be a short post in this Dow Theory blog.
The Industrials closed up. The Transports and SPY closed down.
The primary trend and secondary remain bearish.
Volume was very high. Since overall it was a down day, it was, again, a bearish volume day. Volume continues bearish and is negating validity to the current rally.
Gold, silver and their ETFs (GDX, SIL) closed down today. Technically, nothing has changed. The primary trend remains bullish and the secondary bearish.
Here you have the figures of the markets I monitor for today:
| Data for November 30, 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 | 11/30/2012 | 142,05 | |
| Current stop level: Bull market high | 147,24 | ||
| Price chg since bear mkt signaled | Tot decline since start bear mkt | Max Pot Loss % | |
| 4,17% | -3,52% | -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 | 11/30/2012 | 166,09 | |
| Current stop level: Sec React low | 11/02/2012 | 162,6 | |
| Unrlzd gain % | Tot advance since start bull mkt | Min Pot Gain % | |
| 3,46% | 11,13% | 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 | 11/30/2012 | 32,35 | |
| Current stop level: Sec React low | 11/02/2012 | 29,95 | |
| Unrlzd gain % | Tot advance since start bull mkt | Min Pot Gain % | |
| 11,86% | 26,22% | 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 | 11/30/2012 | 22,89 | |
| Current stop level: Bear mkt low | 17,08 | ||
| Unrlzd gain % | Tot advance since start bull mkt | Max Pot Loss % | |
| 4,86% | 34,02% | 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 | 11/30/2012 | 47,55 | |
| Current stop level: Bear mkt low | 39,56 | ||
| Unrlzd gain % | Tot advance since start bull mkt | Max Pot Loss % | |
| -0,46% | 20,20% | 20,75% | |
Sincerely,
The Dow Theorist.
