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 March 11: Stocks Make New Highs  0 comments
    Mar 11, 2013 6:07 PM | about stocks: SPY, DIA, IYT, GLD, SLV, GDX, SIL

    BLV (Long-term bonds term bonds ETFs make lower lows)

    Let's get started with our Dow Theory commentary in this blog today.


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

    Today's volume was lower than that of Friday's, which is bearish as volume receded as prices advanced.

    Gold and silver

    GLD lost last Friday, March 8, 3.31 tonnes. The bleeding continues, albeit more mitigated.

    GLD and SLV closed up. The primary and secondary trend remains bearish.

    GDX and SIL closed down. The primary and secondary trend remains bearish.

    BLV (long-term bond term bond ETF) made a significant lower low. This is bearish for bonds.


    The Dow Theorist

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