No changes in trends.
The SPY, Industrials and Transports closed up for today. Technically, nothing has changed. The primary trend remains bullish, and the secondary trend remains bearish.
Volume was lower today, which render it a bearish volume day, since the up close was not confirmed by higher volume. Hence, the pattern of volume continues short term bearish.
As to gold, silver and their respective miners ETFs, GLD and SLV closed up (albeit timidly) and GDX and SIL closed down. Technically, nothing has changed. The primary trend remains bullish and the secondary trend bearish. The secondary reaction runs its course.
SIL refuses to violate the lower boundary of its trading range. Hence, it is still doubtful whether the miners are in a secondary reaction if at all.
Here you have the figures of the markets I monitor for today:
| Data for November 5, 2012 | |||
| DOW THEORY PRIMARY TREND MONITOR SPY | |||
| SPY | |||
| Bull market started | 06/04/2012 | 128,1 | |
| Bull market signaled | 06/29/2012 | 136,1 | |
| Last close | 11/05/2012 | 141,85 | |
| Current stop level: Bear mkt low | 128,1 | ||
| Unrlzd gain % | Tot advance since start bull mkt | Max Pot Loss % | |
| 4,22% | 10,73% | 6,25% | |
| 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 | 11/05/2012 | 163,23 | |
| Current stop level: Bear mkt low | 149,46 | ||
| Unrlzd gain % | Tot advance since start bull mkt | Max Pot Loss % | |
| 1,68% | 9,21% | 7,41% | |
| 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 | 11/05/2012 | 30,19 | |
| Current stop level: Bear mkt low | 25,63 | ||
| Unrlzd gain % | Tot advance since start bull mkt | Max Pot Loss % | |
| 4,39% | 17,79% | 12,84% | |
| 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 | 11/05/2012 | 24,18 | |
| Current stop level: Bear mkt low | 17,08 | ||
| Unrlzd gain % | Tot advance since start bull mkt | Max Pot Loss % | |
| 10,77% | 41,57% | 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 | 11/05/2012 | 49,45 | |
| Current stop level: Bear mkt low | 39,56 | ||
| Unrlzd gain % | Tot advance since start bull mkt | Max Pot Loss % | |
| 3,52% | 25,00% | 20,75% | |
Sincerely,
The Dow Theorist
