On Valentines Day the DJIA and the S&P500 gave back yesterdays gains, and while the NASDAQ also turned down, its loss did not negate Tuesdays entire advance.
In the past, when the DJIA fell after three straight up days, its median loss was just -.61 percent, less than half of todays -1.40 percent; and the record, since January 2000, shows just 45 such closes, of which only ten were steeper than minus one percent.
Its the same for the S&P500, with 62 losses following three successive up sessions, with just nine in excess of minus one percent and a median loss of -.42 percent.
Turning to history to conjecture what might occur in the future, the DJIA has 15 further declines but 30 up ticks following a loss after three straight gains. Similarly, the S&P500 shows 24 losses compared to 38 advances.
While the NASDAQ displayed a slightly different pattern, its performance since January 2000 reveals only eight further declines compared to 14 advances for the next session.
DJIA -1.40 percent
NASDAQ -1.74 percent
S&P500 -1.34 percent