KirkLindstrom.com - Articles - 2013 - Watch the Red Lines: Dow, NASDAQ & S&P500 Resistance and Support
Kirk Windsurfing at Palo Alto in SF Bay in May 2009  Dow & S&P500 Resistance and Support Levels
  Resistance and Support levels for the DOW - Linear Scale
Kirk Windsurfing at Coyote Point November 2009
Charts and price quotes for DJIA and DIA
 KirkLindstrom.com:   Favorite Charts & Graphs  - More Articles - Blog
 

December 5, 2013:   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.   The ETF for the NASDAQ is the 100 stock QQQ (for the Nasdaq 100) but  I like my Newsletter Explore portfolio far better than the QQQ because the QQQ index adds stocks when up and drops them when low while I do the opposite with my newsletter portfolio.
Chart 1
 Chart of DOW to Gold Ratio 
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Notes:
  • DIA, with dividends reinvested, is 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 now above a 20-year support-turned-resistance-back-to-support line that has not been support for 11 years.
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note 1.  Source:  charts from stockcharts.com
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Disclaimer:  The information contained in this web site is not intended to constitute financial advice, and is not a recommendation or solicitation to buy, sell or hold any security. This blog is strictly informational and educational and is not to be construed as any kind of financial advice, investment advice or legal advice. Copyright © 2013 Kirk Lindstrom. Note: "CORE & Explore®" was coined by and is a registered trademark of Charles Schwab & Co., Inc.