Dow Jones Back in the Black: Will It Keep Going?

Includes: DIA, QQQ, SPY
by: TickerSense

The Dow Jones Industrial Average closed at 10,428 Monday, finally breaking back into positive territory for the year. At its low on 7/2, the market was down 7.1% but is now up 0.9% YTD. Since 1962, there have only been ten years where the DJIA has been down more than 5% at its low and has recovered to cross back into the black for the year.

DJIA Recovers After Being Down 5%
DJIA Recovers Performance Table
On average, after the market turns positive it has continued higher by 7.7% to year end and has been positive seven out of ten times.

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