Dow Theory Update for May 2: Gold finally confirms Silver’s higher highs
Trends unchanged US STOCKS The primary and secondary trend (as determined by Schannep’s Dow Theory) is bullish, as explained here and here. On April 19th, the Transports broke out above its March 18th, 2016 closing highs (secondary reaction highs), and, hence, according to the “Rhea/classical” Dow Theory (which only uses the Industrials and Transports in […]