Seeking Alpha

Manuel Blay's  Instablog

Manuel Blay
Send Message
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).
My blog:
Dow Theory Investment
  • Dow Theory Update For June 25: Stocks Closed Up. No Change In Trends 0 comments
    Jun 25, 2013 6:57 PM | about stocks: SPY, DIA, IYT, GLD, SLV, GDX, SIL

    Precious metals listless

    Dow Theory and Chinese stocks

    As you know, the US stock market is in a primary bear market, as I have explained here, and further explained here. I also wrote that less than 5% was lost from peak to trough, which is outstanding timing. So I wanted to see whether the Dow Theory would have done a good job at protecting investors in the Chinese stock market. As you can guess, the Dow Theory did a remarkable good job in spotting early enough (March 13) the change of trend for Chinese stocks, as you can read here.

    Stocks

    The SPY, Industrials, and Transports closed up.

    The primary trend and secondary trend is bearish for the reasons explained here, and further explained here.

    Today's volume was lower than yesterday's, which is bearish as ascending prices were not joined by raising volume. The overall pattern of volume is bearish for the reasons explained here.

    Gold and Silver

    SLV and GLD closed down. The primary trend is bearish, as explained here and reconfirmed bearish here; the secondary trend remains bearish too.

    GDX closed down and SIL closed up. The primary trend is bearish, as explained here and reconfirmed bearish here; the secondary trend remains bearish too.

    Eventually, one of these primary bear market re-confirmations will be proven false. In the meantime, it is better not to fight the trend, and wait for a primary bull market signal in order to make a commitment on the long side.

    Sincerely,

    The Dow Theory

    Themes: Dow Theory Stocks: SPY, DIA, IYT, GLD, SLV, GDX, SIL
Back To Manuel Blay's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »
Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.