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Preface to this post: Due to a fairly busy schedule on Friday, I am composing this prior to the opening bell. Thus, the charts are accurate through end-of-day Thursday, but the general points remain the same.
Here is the daily chart of the Dow Composite for the past couple of years. There was a pronounced gap (as with most markets) last week which was sealed during Thursday’s mega-rally.
Preface to this post: Due to a fairly busy schedule on Friday, I am composing this prior to the opening bell. Thus, the charts are accurate through end-of-day Thursday, but the general points remain the same.
One of the less-known index charts I look at is symbol $DJUSFN, the Dow Jones US Financial Index. Here is a recent daily chart, which shows Thursday’s explosive rally achieving nothing more than almost perfecting sealing the price gap from last week.
