Dow Theory Update for April 22: No change in trends in the markets

Manuel Blay

Stocks and precious metals up

Today is going to be a short post in this Dow Theory blog.
Stocks

The SPY, Industrials and Transports closed up. The primary and secondary trend remains bullish.
Today’s volume was lower than Friday’s, which has a bearish connotation.
Gold and silver

GLD and SLV closed up. Too soon to call a change of trend. The primary and secondary trend remains bearish.
GDX and SIL closed up. The primary and secondary trend remains bearish.
Sincerely,
The Dow Theorist.

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