A flurry of excitement greeted the S&P500s .42 percent increase, as it continued the run of positives started a week ago today. It was the fourth such streak this year, and the 21st since January 2000.
The NASDAQ featured a similar six run, just a few days ago. (Indeed, that series extended for two additional days.) In fact, the NASDASQ index almost doubled the S&P500 frequency, with seven so far this year, and 28 over the past 11 years.
Todays diagram features those six increases in a row, with the NASDAQ days in maroon and the S&P500 in green. Almost all happened while prices were on the rise. Thus the cluster of green and maroon dots occurs between 2003 and 2007, as well in the current upswing that started in 2009.
In view of that past bunching in good times, it seems plausible to expect a further continuation of the ongoing increase in prices.
DJIA .42 percent
NASDAQ .11 percent
S&P500 .09 percent
