January 25, 2011 Not Much Change – Again


 

Prices remained just about unchanged, with the DJIA losing -.03 percent while the NASDAQ andS&P500 adding about the same. Today’s pattern of  plus 3 for the S&P500, plus 2 for the NASDAQ and -1 for the DJIA happened just 16 times since 1950; six date from January 2000.

The day following, in the past, favored the plus side 12:4 for the DJIA and the NASDAQ; that ratio falls to 10:6 for the S&P500.

The recent market continues to favor minor daily moves. The diagram below traces the S&P500 since the beginning of 2010; the dots represent closes in the range of minus .1 and plus .1 percent. Do these instances reveal a timing relationship with future declines, increases or stability? 

 

 2010-sp500-changes-between-minus-1-pct-and-plus-1-pct.gif

 

 

 

A first glance, or conjecture, consistent with the timing of these events, focuses on the clusters when prices are rising; nevertheless at this stage and without further analysis, a firm causality remains in doubt.

 

 

DJIA                    -.03  percent

NASDAQ            .06  percent

S&P500                .03  percent

This entry was posted on Wednesday, January 26th, 2011 at 12 092011000000Wed, 26 Jan 2011 09:22:44 +0000 and is filed under Market Report. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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