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Dow Theory Update For May 3: No Changes In Trends

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

Today's Dow Theory commentary is being written some 45' minutes before the close.

As far as I can see in the charts, there are no changes of trends.

Therefore, the primary and secondary trend for stocks remains bullish.

As to gold and silver, GLD and SLV, the primary trend is bearish and the secondary trend is BULLISH.

GDX and SLV: The primary and secondary trend remains bearish.

Have a nice weekend.

Sincerely,

The Dow Theorist