I am writing
these words almost two hours before the NY close.
From what I see
on the charts, there are no changes in trends.
Tomorrow I will
provide a more ample Dow Theory commentary.
Stocks
The primary trend
and secondary trend is bearish for the reasons explained here, and
further explained here.
I cannot give
volume readings today.
Gold and Silver
It seems that
all the gold and silver universe will close up. However, today’s close is immaterial
to determine the primary and secondary trends.
SLV, and GLD: The
primary trend is bearish, as explained here and
reconfirmed bearish here; the
secondary trend remains bearish too.
GDX and SIL, the
gold and silver miners ETFs: The primary trend is bearish, as explained here and
reconfirmed bearish here; the
secondary trend remains bearish too.
Sincerely,
The Dow Theorist
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