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Dow Theory Update For Dec 11: Stocks Up. No Change In Trends

|Includes:DIA, GDX, GLD, IYT, SIL, SLV, SPDR S&P 500 Trust ETF (SPY)

Precious metals mostly down.

Let's get started with our Dow Theory commentary for today.

The SPY, Industrials and Transports closed up. The primary trend remains bearish and the secondary trend (secondary reaction) bullish.

Volume was higher than yesterday's and since today was an up day, it has a bullish connotation (at last!). The overall pattern of volume remains, nonetheless, bearish.

Gold and silver closed down today. I keep watching the Nov 2 lows. A joint violation of them would mean a primary bear market signal.

SIL closed up, and GDX closed down. The primary trend remains bullish, and the secondary trend remains bearish.

Sincerely,

Dow Theorist

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