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Manuel Blay
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Investor and Trader As investor I'm deeply influenced by Dow Theory. I focus on the primary trend (1-2 years). My trading is short-term based (avg trade duration 4-5 days).
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Dow Theory Investment
  • Dow Theory Update For Nov 30: No Change In Trends  0 comments
    Dec 2, 2012 8:19 PM | about stocks: SPY, DIA, IYT, GLD, SLV, GDX, SIL
    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.


    The Dow Theorist

    Themes: Dow Theory Stocks: SPY, DIA, IYT, GLD, SLV, GDX, SIL
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