Prices fell today marking the fourth day in a row that the market reversed direction. Unusual yes, but the identical pattern crossed the tape on 65 different occasions, with the last 45 happening since January 2000.
In the past, on the following day, the NASDAQ and the S&P500 increased as often as they decreased. The DJIA, however, scored 26 gains and declined just 19 times.
DJIA – 1.39 percent
NASDAQ – 1.56 percent
S&P500 - 1.47 percent