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Dow Theory Update For March 11: Stocks Make New Highs

|Includes:DIA, GDX, GLD, IYT, SIL, SLV, SPDR S&P 500 Trust ETF (SPY)

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

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

Stocks

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.

Sincerely,

The Dow Theorist

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