Thursday, June 02, 2011

an tSionna-The Dow

From Chart Of The Day:


Despite a host of concerns (weak recovery, high unemployment, ongoing foreclosures, commodity price spikes, debt crises, geopolitical issues, etc.), the Dow has managed to rally sharply over the past two years and currently trades 12.5% below its 2007 non-inflation-adjusted, all-time record high. As today's chart illustrates, the post-financial crisis rally was especially sharp during its first year. Since then, the rally has settled into a more confined uptrend channel. It should be noted, however, that the Dow is currently testing support (green line) for the fifth time since March 2009.


Link:  Chart of the Day-Dow

*Long ETFs related to the Dow Jones Industrial Averages in certain client accounts.