USMarketView

April 5, 2011                        Prices Hold Steady

 

 

Prices repeated yesterday’s record of small changes but in reverse. The NASDAQ picked up  .08 percent, whereas the DJIA lost  -.06 percent and the S&P500 declined  -.03 percent.  On Monday, the NASDAQ declined while the DJIA and the S&P500 moved higher. Moreover, the actual daily changes were negligible. 

 

It seems logical to attribute such small daily variations to uncertainty. Moreover, that the size indicates a switch in the market’s direction. We have tested this proposition, but found no conclusive evidence in the past ten years that supports this assumption.

 

As for Wednesday’s  possible changes, and considering the results of past, identical patterns, the odds favor a decline for the S&P500 by a factor of 2:1, and even chance of advance and retreat for the NASDAQ and a 7:5 probability of an increase in the DJIA.

 

DJIA               -.06 percent

NASDAQ        .08 percent

S&P500          -.03 percent

This entry was posted on Tuesday, April 5th, 2011 at 12 112011000000Tue, 05 Apr 2011 23:50:49 +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.