USMarketView

February 12, 2008

Unlike yesterday, when all three indices moved higher, the NASDAQ actually dropped -less than 1/100^th of a percent- whereas the DJIA increased 1.09 percent and the S&P500 gained .73 percent.

Had the NASDAQ closed higher today, it would have been the first time since last December for this index to post four straight plus sessions. However, this failure is in line with the record: by a thin margin, there have been more down days -80- than the 64 up days following three straight increases.

In the past, after two straight advances, both the DJIA and the S&P500 had more declines, on the next day, than further increases. The DJIA had more than twice as many days down than up: 152 to 74. History for the S&P500 shows an even smaller up ratio, 151 declines to just 33 increases.

DJIA 1.09 percent
NASDAQ .00 percent
S&P500 .73 percent

This entry was posted on Tuesday, February 12th, 2008 at 12 072008000000Tue, 12 Feb 2008 19:09:53 +0000 and is filed under Market Report. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.