USMarketView

February 25, 2011        Prices Recover Most of Tuesday’s Losses

 

 

The three indices closed the shortened trading week on a positive note: the NASDAQ up  1.58 percent for the day and the S&P500 ahead by 1.06 percent beat the DJIA’s .59 percent. Yet today’s rebounds are modest in terms of past

daily changes. While the S&P500’s performance ranks in the 90^th percentile of all changes since 1950, the DJIA and the NASDAQ came in at the 75^th percentile.

 

Note that the close realized the price projections, based on yesterday’s closing pattern; however, today’s pattern leans substantially towards another decline on Monday.

 

Evaluating the sharp price rebound, between January 31 and February 25, note that in those 14 trading days, the S&P500 rose 4.48 percent. This pace, while far from extraordinary, is in the 90^th percentile of all previous S&P500 advances. Furthermore, this index beat the DJIA and NASDAQ record: the DJIA  14 day advance of 4.20 percent and the mere 3.07 gain of the NASDAQ.

 

 

DJIA              - .31 percent

NASDAQ        .55 percent

S&P500          -.10 percent

This entry was posted on Sunday, February 27th, 2011 at 12 022011000000Sun, 27 Feb 2011 14:03:11 +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.