February 17, 2011 Second Gain in a Row


 

A diverse record exists for the day following two straight advances by the DJIA, the NASDAQ and the S&P500.

 

Today’s is its 201st repeat since January 2000 – meaning that  7.2 percent of all trading days have this pattern. Further, that ratio in the near 4,800 pre-2000 days is nearly the same at 6.9 percent.

 

On the day following, however, like today Friday, February 18, the pattern of each index differs. While the NASDAQ had 102 further advances and 98 declines, that falls to 93 for the S&P500 and 78 for the DJIA. Those ratios, of a further increase to a decline then descend from 1.04 for the NASDAQ, to .87 for the S&P500 and .64 for the DJIA.

 

 

DJIA              .75 percent

NASDAQ      .21 percent

S&P500          .31 percent

This entry was posted on Friday, February 18th, 2011 at 12 092011000000Fri, 18 Feb 2011 09:57:47 +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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