December 6, 2010 Not Much Change

Prices remained relatively stable all day and at th end, the NASDAQ had moved higher, continuing its streak for the fourth day. The DJIA and the S&P500, though, lost fractions, thus closing down for the first time in four days.

The resulting pattern  -the NASDAQ’s  +5 and the -1 of the other two averages- is rare. Today’s only the 5th in the past ten years, and 75 others before 2000.

In the past, declines  ruled  the following day, with four negatives offset by just one up day.

DJIA                        -.17 percent

NASDAQ                   .13 percent

S&P500                  -.13 percent

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