USMarketView

May 15, 2008

In positive territory all day, the market closed with solid gains; the NASDAQ advancing for the fourth day in a row, increased 1.48 percent. The S&P500 and the DJIA chalked up their second positive day in succession, moving ahead by 1.06 percent and .73 percent, respectively.

It is the NASDAQ’s second fourth in a row days this year. In all, there have been only 65 such runs since January 2000. And while the median gain for these days is only .69 percent, today’s near 1.5 percent rise is a strong advance, placing this change in the 75^th percentile.

The S&P500 also did well today; its 1.06 percent increase places this close also in the 75^th percentile of all closes occurring two days in a row.

The DJIA also gained its second positive day in a row, but its .73 percent advance is only a bit higher than the median of .60 percent for this trading pattern.

DJIA .73 percent

NASDAQ 1.48 percent

S&P500 1.06 percent

This entry was posted on Thursday, May 15th, 2008 at 12 042008000000Thu, 15 May 2008 16:30:51 +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.