Prices continue to rise, although not in large steps. Yet as discussed earlier, bull markets feed on series of relatively minor advances; the resulting steepness becomes apparent only in hindsight.
The DJIA has now moved ahead six times in the past days; the other two indices have closed higher the last three sessions.
While welcome, these moves are unusual. Todays pattern, for example is the first ever. Although six continuous gains and a combination of positive closes by the NASDAQ and the S&P500 do exist. Yet these fail to provide guidance for the future, since their consecutive gains are either larger or smaller than three gains in a row.
Accordingly, since this history is not identical to the current pattern, meaningful projections are not possible.
DJIA .57 percent
NASDAQ .53 percent
S&P500 .62 percent