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June 14, 2011              Largest Increase in 10 Days

 

While each of the three averages enjoyed the best day since May 10, some ten trading days ago, the NASDAQ led the field, adding 1.48 percent. The S&P500 gained 1.26 percent and the DJIA improved 1.03 percent.

 

Comparing these changes to the 112 closes earlier this year, note that the DJIA had only 10 advances greater than 1 percent, and the S&P500 scored eleven. The NASDAQ did much better, having 4 greater than 2 percent closes and 14 exceeding 1 percent.

 

These results lag last year’s performance, then the NASDAQ had 22 advances larger than 1 percent, while both the DJIA and the S&P500 enjoyed 18 such days between January and the end of June.

 

History is unable to provide guidance for tomorrow based on the performance on the day after this pattern. Both the NASDAQ and the S&P500 moved higher on four of the ‘nine-next-days.’ But the DJIA advanced only three times, losing ground on the other six sessions.

  

 

DJIA             1.03 percent

NASDAQ      1.48 percent

S&P500        1.26 percent

 

 

This entry was posted on Tuesday, June 14th, 2011 at 12 052011000000Tue, 14 Jun 2011 17:36:23 +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.