USMarketView

A Repeat of Yesterday

 

 

The DJIA and S&P500 averages turned negative at the end of trading, whereas the NASDAQ stayed positive, gaining  .07 percent at the close. The losses in the DJIA and S&P500, however, were quite small,  -.31 percent and  -.39 percent, respectively.

 

This is the same pattern as yesterday, but the changes are slightly different, with the losses of the DJIA and the S&P500 deeper than the day before, but still quite small.

 

So we update and then repeat the comments of April 28.

 

Today’s pattern of an increase in the NASDAQ, and declines in the other two indices, is the fourth of 2008; following yesterday, and the March 4 and February 8 incidents.  There have been 123 other such closes since January 2000, accounting for 6.2 percent of all trading dates in this century.

 

As for today’s minute changes in the DJIA and the S&P500, about nine percent of all closes in the period between 1950 and the end of 1999, were in the zero to minus .16 percent range.  Their frequency has declined a bit in the current decade, falling to 8.9 percent for the DJIA and 7.5 percent for the S&P500, implying that daily changes are on the increase.

 

 

DJIA                           -.31    percent

NASDAQ                     .07    percent

S&P500                      -.39    percent 

 

Note: For the purpose of having the name define the mission more accurately, this blog has

changed its name to USMarketView.com.

 

This entry was posted on Tuesday, April 29th, 2008 at 12 032008000000Tue, 29 Apr 2008 15:59:40 +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.