February 4, 2011 Strong Week Ends Strong


 

NOTE — First Blog Since January 28—Illness Gone—Analysis Will Catch Up

 

The DJIA, continuing its string of gains, closed higher in each of the five sessions this week. The total advance, from Friday-to-Friday, is 2.27 percent. Yet both the NASDAQ and the S&P500 did better –increasing 2.67 percent and 3.05 percent for the week- even though their prices retreated on Thursday.

 

Nonetheless, we place the major focus of this week’s action on the DJIA and its five straight gains. The diagram shows that most of these runs took place in conjunction with rising prices. While a total of 44 such runs happened since the beginning of 2000, only five took place in periods of market decline.

 djia-five-gains-cluster-in-rising-marketsaaaaaaaaaaaaaaaaaaaaaaaaaaaaa.gif

 

 

 

 

Thus this week’s DJIA action, adding another incident to that string, supports expectations of prices continuing to rise in the near future.

 

 

 

DJIA                    .25  percent

NASDAQ            .29  percent

S&P500                .56  percent

This entry was posted on Sunday, February 6th, 2011 at 12 042011000000Sun, 06 Feb 2011 16:47:03 +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.

Leave a Reply

You must be logged in to post a comment.