Dow Theory Update for September 23: Primary and secondary trends unchanged for US stocks, gold/silver, and their ETF miners

Post concerning Stress-test under weak cyclical bull markets coming very soon

I am writing before the close. So, while very unlikely, things might change after the close

US STOCKS

The primary trend is bullish as explained here and here

The secondary trend is bearish (secondary reaction against the primary bull market) as explained here

According to the “Rhea/Classical” Dow Theory no secondary reaction has been signaled yet, as explained here.

GOLD AND SILVER

The primary trend is bullish (Dow Theory signal of March 17^th, 2016), as reported here and here.

The secondary trend is bearish (secondary reaction against the primary bull market), as explained here.

GOLD AND SILVER MINERS ETFs

The primary trend is bullish as explained here, and more recently here

The secondary trend is bearish (secondary reaction against the primary bull market), as explained here.

Sincerely,

The Dow Theorist