USMarketView

May 29, 2008

All three indices closed up today, and now have a three positives in a row streak going, for only the second time this year. Indeed, there have been only 44 such sessions since January 2000. That is, on just 2.08 percent of the 2,112 trading days in this century.

2008 has not seen all three indices having a run of four positive closes; and there have been just 13 days, since 2000, with all indices rising four straight days.

Looking at the past, and considering the performance of each index individually, we see that the NASDAQ failed to advance, falling on the fourth session, 82 times in this century, and succeeding with another advance on only 66 occasions.

The S&P500’s record is not as good, having 62 sessions with a fourth in a row increase, but falling 67 times.

Finally, the DJIA has the best record on the fourth such trading day, with 76 successive four day advances but just 47 declines on the fourth day.

DJIA .41 percent

NASDAQ .87 percent

S&P500 .53 percent

This entry was posted on Thursday, May 29th, 2008 at 12 042008000000Thu, 29 May 2008 16:12:22 +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.