Archive for October, 2007
NASDAQ Joins the DJIA and SP500 Drop
Thursday, October 11th, 2007A similar precedent exists for the S&P500, with 112 three straight loss trading days and an average decline of .92 percent, while there are 114 up days, with a .74 rise, after two successive declines.
NASDAQ Advances for Fifth Straight DayS&P500 and DJIA Decline
Wednesday, October 10th, 2007By rising .27 percent today, the NASDAQ recorded a rare gain on every one of the last five trading days. In fact just 31 of these occurred since January 2000, while todays close is already the sixth time for this event in 2007.
Tomorrow will bring either another increase or the first decline in six trading days. In the past, the NASDAQ fell 14 times after posting five straight gains, with the loss averaging 1.03 percent.
All Three Indices Advance
Tuesday, October 9th, 2007NASDAQs.59 percent advance today is the fourth straight gain in as many trading days. Since 2000, there have been only 62 such four day runs, occurring on 3.2 percent of all closes.
Considering tomorrows close, NASDAQ has posted 31 five straight advances that is 1.6% of the time- since the start of 2000.
But there have been an equal number -31- negative closes after four straight advances since 2000.
The S&P500 rose .81 percent today, while the DJIA gained .86 percent, making this the first positive day of the week for these indices.
The NASDAQ average is now 3.08 percent above its July 2007 high, whereas the DJIA has gained 1.41 percent; the S&P500 trails these results, increasing just .78 percent since July.
NASDAQ Continues Higher; DJIA and S&P500 Decline
Monday, October 8th, 2007The NASDAQ opened the week by posting its third straight gain in as many days, closing .25 percent higher. Three successive NASDAQ upticks occur on 9 percent of all trading days, with the gain, on average, being .66 percent.
The DJIA as well as the S&P500 closed lower today, posting a -1/+2 (a down day following two positive closes) record. This -1/+2 pattern occurs just 5.8 percent of all trading days, with the losing day showing a .53 percent decline on average. Since the DJIA fell .16 percent and the S&P500 was off .32 percent, todays losses are well below the record of such days.
S&P500 Posts New High
Monday, October 8th, 2007On October 5, the S&P closed above its July high, joining the DJIA and NASDAQ indices in recovering from the recent market drop.
The DJIA did not do as well gaining .65 percent today; in contrast, the NASDAQ closed up 1.71 percent, substantially above its .82 percent average gain on the second straight positive close.
Averages Post Minimal Gains
Thursday, October 4th, 2007While all three averages changed for the positive today, the advances were barely noticeable. The S&P500 was the leader, increasing by .21 percent, followed by the NASDAQ at .15 percent; the DJIA trailed with a .05 percent increase.
This is the first advance for the S&P500 and the DJIA, since their Monday highs. This +1/-2 (one uptick after two declines) closing pattern occurred on 124 trading days since January 2000: with the S&P500 rising .96 percent on average -compared to its .21 percent today- and the DJIA average increase of .85 percent far in excess of todays .05 percent.
NASDAQ Continues Higher; DJIA and S&P500 Drift Down
Tuesday, October 2nd, 2007With today’s .22 percent gain, the NASDAQ again set another new high, and while the DJIA fell .29 percent, that index nevertheless remained above its July high. The S&P500, however, fell further behind, and, off by just .03 percent, has not, for the second straight day, joined the other two indices in regaining the previous high.
When the market reached the then record high on
So this weeks pattern of two indices achieving new highs one day, and the NASDAQ continuing higher as the DJIA declined the next day, resembles the action the last time the market achieved an all time high.
DJIA and NASDAQ at New Highs
Tuesday, October 2nd, 2007Both indices surpassed their
The NASDAQ gained 1.46 percent for the day, and its close of 2740.99 is .8 percent above the July 19 high.
The DJIA reached 14087.55, up 1.38 percent today, as it posted a .6 percent gain over the July high.
While the S&P500 also was a gainer, with 1.33 percent above Fridays close, it failed to reach its previous peak–but by only .4 percent.