|For some perspective on the current state of the stock market, today's chart presents the post-financial crisis trend of the Russell 2000 (small-cap stocks). As the chart illustrates, the Russell 2000 rallied sharply from early 2009 (the end of the financial crisis bear market) into 2010. Since that time, the Russell 2000 has traded within the confines of an upward-sloping trend channel. In early 2016, the Russell 2000 did dip below support (briefly) and has been trending up ever since. So even though the market has sold off recently, the Russell 2000 still trades within its six-year upward sloping trend channel.Notes:
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Quote of the Day"The greatest thing in this world is not so much where we are, but in what direction we are moving." - Oliver Wendell Holmes
Events of the DaySeptember 23, 2016 - First Day of Autumn (Northern Hemisphere)
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