Though not as much as yesterday, the market continued to move higher. The DJIA moved up for the second straight session, adding .23 percent while the NASDAQ and the S&P500 extended their positive run to five. The S&P500s gain of .34 percent falls short of yesterdays .60 percent, whereas the NASDAQ .15 percent gain comes to less than a quarter of the day before.
The pattern now stands at +5 for the NASDAQ and the S&P500, whereas the DJIAs comes to 2. Only 12 previous closes have this combination, with 5 since the beginning of 2000.
Contrary to yesterdays count, this combination shows more declines than gains on the following day, though with just five previous data points, not a lot of confidence attaches to that projection.On the other hand, the days-before-Christmas record supports further gains tomorrow; since 1990, eight of these two sessions before the holiday moved further ahead.
DJIA .23 percent
NASDAQ .15 percent
S&P500 .34 percent