BLV (Long-term bonds term bonds ETFs make lower lows)
Let's get started with our Dow Theory commentary in this blog today.
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.
The Dow Theorist