Advance Stalls

February 28, 2008

The S&P500, losing -.89 percent, following Tuesday’s -.09 percent decline, is now down two days in a row. The DJIA and the NASDAQ also backed off on Thursday, failing to extend their positive runs, and missing the opportunity to score five advances in a row.

December 24 is the last time that the NASDAQ achieved five straight daily advances. So while there have been no repeats so far this year, this index scored seven runs of five upticks in a row last year: the first one on January 12, 2007 and the second on February 1.

The DJIA had six such runs last year; the first achieved on February 20, and has had no repeats since July 17, 2007.

DJIA - .88 percent
NASDAQ - .94 percent
S&P500 - .89 percent

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