Manuel Blay's  Instablog

Manuel Blay
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Trader and investor. My trading is short-term based (avg trade duration 4-5 days). As investor I'm deeply influenced by Dow Theory
My blog:
Dow Theory Investment
  • Dow Theory Update For Dec 5: Stocks Up. No Change In Trends 0 comments
    Dec 5, 2012 4:47 PM | about stocks: SPY, DIA, IYT, GLD, SLV, GDX, SIL

    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.


    The Dow Theorist

    Stocks: SPY, DIA, IYT, GLD, SLV, GDX, SIL
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