November 22, 2010 Small, Uneven Changes

 

 

 

Completing its fourth straight advance, the NASDAQ gained .55 percent; whereas the DJIA and the S&P500 fell -.22 and -.16 percent. The resulting NASDAQ pattern of +4, the -1/+3 for the S&P500 and the -1/+2 for the DJIA, has occurred four other times in this century. In the past, all three indices fell three times on the four following days.

 

Another historical fact of this pattern is that all four of these past closes accompanied a trend of rising prices.

 

However, focusing only on the coming market closing for Thanksgiving in just three days, the record for the past ten years shows the DJIA moving ahead seven times, and the S&P500 rising six times. The NASDAQ, however, lost on seven days and moving higher just three times.

 

  

DJIA                                 - .22 percent

NASDAQ                            .55 percent

S&P500                          - .16 percent

Leave a Reply

You must be logged in to post a comment.