Entering text into the input field will update the search result below

Dow Theory Update For Dec 5: Stocks Up. No Change In Trends

Dec. 05, 2012 4:47 PM ETSPY, DIA, IYT, GLD, SLV, GDX, SIL
Manuel Blay profile picture
Manuel Blay's Blog
115 Followers
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Gold and silver modestly down.

Let's see what the Dow Theory has in store for us today.

The SPY, Industrials and Transports closed up today. The primary trend remains bearish, the secondary one bullish.

Volume was higher than yesterday's. Being an up day, it has a bullish connotation. In the last 6 days we have had 3 volume bullish days and 3 volume bearish days.

Gold and silver closed down today. I keep my eyes on the 11/02/2012 secondary reaction lows. If they are violated, we can kiss good-bye to the primary bull market. However, as things stand now, the primary trend remains bullish and the secondary trend bearish.

SIL and GDX (the gold and silver miners ETS) closed down today. The primary trend remains bullish and the secondary trend bearish.

Sincerely,

The Dow Theorist

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You