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If you haven't been through at least one stock market crash, you would not have known what it really means to survive in the market. The stock market has been in an uptrend since 2010 and those who have just started trading have never been in a really bad stock crash before.
The chart above shows the monthly chart of the Dow Jones Industrial Average. I was there when the stock market collapsed in 2008 and it was a really devastating experience. Companies were being decimated, millions of people lost their jobs and everyone lost hope.
Then came Obama and he ran on the promise of Hope and he took office in 2009.
Looking at the monthly chart, I would say that this President has done more for the economy than many past presidents. The stock market is a leading indicator of the health of our nation and a rising stock market after Obama took office is a testament to the economic success of his policies.
When Trump took office, the market also exploded higher.
Although we have an irrational President who makes stupid statement (and tweets) at times, investors and market participants seem to think that Trump will be good for business and good for the economy. I believe that too.
However, its a bit too early to jump to concrete conclusions. At the time of writing this article, its only February 2017 and Trump is still in his honeymoon period. But if all things go well and as planned, I believe Trump will continue to expand our economy.
As a trader who look at charts, I like to study past market crashes and see how they look like. I put them here so you can see how they are. The charts seem to tell a story of their own.
There are 2 things in common that we can learn after studying these charts.
Charts with the Freestockcharts.com label are courtesy of Freestockcharts.com
Charts with the investing.com logo are courtesy of Investing.com powered by Trading View
Jan 18, 21 10:34 AM
New chart lesson for the 3rd week of January 2021. Hope you can benefit from this.
Jan 04, 21 11:30 AM
In this week's chart lessons, we will have a look at bitcoin and other charts.
Dec 29, 20 07:47 AM
We should continue to be bullish on the S&P 500 as a weekly bottoming tail forms in this uptrend.
Dec 22, 20 09:27 AM
The SPX is still in a nice bullish uptrend, with it staying above the rising 20 MA and 50 MA.
Dec 15, 20 09:53 AM
December 14 2020 will go down in history as one of those moments where 2 sets of electors emerge for swing states in the US Presidential Election.