USMarketView

April 29, 2011                   April Best Daily Performance of Year

 

The average daily change of the S&P500 this month comes to .14 percent, compared to March’s .08 percent and January’s .10 percent. It is near seven times larger than February’s  .02 percent. The DJIA and the NASDAQ closed April with similar advantages over the earlier months.

This good news is in addition to the NASDAQ’s run of positive closes, now for the eighth consecutive day. There are just four runs –of 8 NASDAQ, 4 DJIA and 4 S&P500- in the entire history of this index. Furthermore, the last happening was in 1999, with the other three going back to 1990, 1986 and 1971.

Considering the NASDAQ performance alone, the record shows 80 sessions of eight-day runs, with 20 in this century. Looking at this coming Monday, the NASDAQ has experienced 46 nine-day runs, with only 11 since the end of 1999.

Monday’s DJIA and the S&P500 expectations are not as bright: not a single close exists with the DJIA and S&P500 up five straight days while the NASDAQ achieves nine consecutive up-ticks. 

 

DJIA               .37 percent

NASDAQ       .04 percent

S&P500          .23 percent

This entry was posted on Saturday, April 30th, 2011 at 12 052011000000Sat, 30 Apr 2011 17:46:46 +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.