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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 March 18: Stocks Down. Gold And Silver Up  0 comments
    Mar 18, 2013 4:44 PM | about stocks: SPY, DIA, IYT, GLD, SLV, GDX, SIL

    No change in trends.

    Stocks

    Today I am going to keep it short in this Dow Theory blog, as nothing of technical importance has occurred (and Cyprus, as a "fundamental" new has been discussed ad nauseam in all financial-related sites).

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

    Today's volume was lower than Friday's, which is bullish as declining prices were met by retreating volume. The overall pattern of volume, though, remains bearish suggesting increased odds for a secondary reaction.

    Gold and silver

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

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

    Sincerely,

    The Dow Theorist

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