|The Dow is off to a slow start so far in 2016. For some perspective, today's chart illustrates the overall trend of the stock market (as measured by the Dow) since 2003. As today's chart illustrates, the Dow has rallied sharply since early 2009. Over the past six years, that trend has remained well within the confines of an upward sloping trend channel (see green and red trendlines) with this year's poor start bringing the Dow back to support (see green line).Notes:
Where's the Dow headed? The answer may surprise you. Find out right now with the exclusive & Barron's recommended charts of Chart of the Day Plus.
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Quote of the Day"Efforts and courage are not enough without purpose and direction." - John F. Kennedy
Events of the DayJanuary 18, 2016 - Martin Luther King Jr. Day (observed) - Australian Open Tennis Tournament begins (ends Jan. 31st)
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