The exchange traded funds (ETF) for the Dow and S&P500 are DIA and SPY, respectively.
My chart below shows the Dow and S&P500 as indexes and the ETFs with dividends reinvested.
- DIA, with dividends reinvested, seems to be forming a base after testing support from above.
- The S&P500, $SPX in the graph, is above resistance turned support. That line would be the first level of strong support if there is any further market weakness.
- The NASDAQ is above a 19-year support-turned-resistance-back-to-support line that was resistance for 11 years. Below is a blow-up of the NASDAQ graph.
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