USMarketView

Exploring the mountains of Wyoming — Internet access is slow and impossible at times.

Thanks for your patience — return to normal posting schedule on June 7.

Prices extended the losses suffered on the session before Memorial Day  to the the day after. The S&P500 dropped  -1.72 percent, after Friday’s -1.33 percent. The DJIA lost  -1.11 percent and the NASDAQ fell  -1.54 percent.

Narrowing the field from the 141 other trading days when the three indices fell two days in a row since January 2000, to those when the S&P500 fell between  -1.62 to   -1.82 percent on the second day, the incidence falls to 7, with the 8th one experienced today.

The diagram identifies these with a trinagle. Significantly none occurred in a bull market while all seven came when prices were in a long run decline.

Furthermore, today’s pattern of association with downturns, becomes the first one, after  the many other  recent daily combinations identified with, and occurring as, values increased.

DJIA              -1.11    percent
NASDAQ      -1.54    percent
S&P500        -1.72    percent