Dow Jones Industrial Average Index bear trend continues

• The Dow Jones Industrial Average is comprised of 30 stocks that broadly represent the major sectors and industries in the United States.

• The price of the Dow Jones Industrial Average Index is below where it started in January of 2022 and January of 2023.

• The Index has again broken the longer term trend (as defined by the 200 day moving average).

• Big picture the Index has lost momentum and has been putting in a series of lower highs.

• In our opinion the trend break signifies the broader market re-entering a bear trend.

LPL 489267-1

DEFINITIONS

Dow Jones Industrial Average - The Dow Jones Industrial Average (DJIA) is an index that tracks 30 largest, publicly owned companies trading on the New York Stock Exchange (NYSE) and the NASDAQ.  The DJIA is named after Charles Dow, who created it in 1896, and his business partner, Edward Jones. The index components broadly represent the major industries and sectors of the U.S. economy.

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