Another close without significant gains or losses opened the next to last week of the year. Both the NASDAQ and the S&P500 added .25 percent whereas the DJIA lost -.12 percent. Also the NASDAQ and the S&P500 closed higher for the third consecutive day but the DJIA finished down for the second day in a row.
Strangely, this pattern has never occurred before! However, without a record, a projection based upon past patterns obviously is not possible. Instead, todays edition examines the configuration of closes on the fourth and fifth trading session before December 25.
The results though are identically ambiguous. On the fifth preceding day, the DJIA and the S&P500 had 6 gains and 4 losses, while the NASDAQ record shows 6 declines and 4 increases. As for tomorrow, the fourth preceding day, the DJIA and the S&P500 posted an equal number of gains and losses whereas the NASDAQ again came in with 4 gains against 6 losses.
Regrettably these even results do not yield a basis for projecting future results.
DJIA - .12 percent
NASDAQ .25 percent
S&P500 .25 percent