The Nasdaq and the Dow (the Dow was pointed out January 4th) have yet to break their downward trend lines, while the NYSE and the SPX have broken through theirs. This will often lead to choppy intra-day action as all the indices are tied together through the various investment vehicles (ie mutual funds, ETF's etc).
Left click on chart(s) to expand
The Philadelphia Bank Index is down 15.79 % over the past eighteen months. FAZ, an ETF designed to short these financials, is down 53.20 %.
