June 17, 2008
This third Tuesday of the month saw all three indices decline, and it was also the third Tuesday in a row on which both the NASDAQ and the S&P500 were in the red. Moreover, today, both these indices registered their first decline after three days of positive closes. It was the second successive losing day for the DJIA.
Earlier, the NASDAQ had four straight losses. There are just three other days, since January 2000, when the index followed such a pattern: a down day, after three up days, which came after four losing days in a row. Two of these occurred in 2005, the other in 2001. The record shows that the next day saw the NASDAQ moving higher on all three occasions..
The DJIA, has now fallen two days in a row, after scoring two successive advances previously. In the past, on the following day, the DJIA had more down closes -17- than advances, of which there were sixteen.
DJIA -.89 percent
NASDAQ -.69 percent
S&P500 -.68 percent