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Chart of the Day
A host of concerns (credit crisis, weakening economy, inflation, geopolitical issues, etc.) continue to weigh on the market. As a result, the Dow has once again begun to work its way lower. This latest decline that began in early May 2008 has brought the Dow down to a level that is near the lows that occurred at the height of the credit crisis (March 2008). As today's chart illustrates, the Dow is currently testing support (green line) of a four year uptrend.
Notes:
- Does the uptrend continue or is the party over? The answer may surprise you. Find out now with the exclusive & highly regarded charts of Chart of the Day Plus.
Source - Dow Jones
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Quote of the Day
"Efforts and courage are not enough without purpose and direction." - John F. Kennedy
Events of the Day
June 14, 2008 - Flag Day
June 15, 2008 - Father's Day
June 20, 2008 - First Day of Summer (North America)
June 23, 2008 - Wimbledon tennis tournament begins (ends July 6th) - US Women's Open golf tournament begins (ends June 29th)
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