April 15, 2011 Another Down Week
The several days of minor increases failed to offset the small decreases leaving the market lower on Friday than on Monday for the second week in a row. Todays pattern of 3 straight gains for the DJIA and the S&P500, combined with the NASDAQs uptick, has occurred on 15 days since the end of 1999.
These were distributed just about evenly between rising and falling markets. Yet each index had a different record on the following day. The NASDAQ had 10 increases and 5 decreases. The S&P500s count of changes was exactly the same, but in the opposite direction. It has 10 declines and only 5 increases. The DJIAs history is close to the S&P500s, with 6 gains and 9 losses.
DJIA .46 percent
NASDAQ .16 percent
S&P500 .39 percent