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September 1, 2011                 First Down Day in a Week

 

After four straight advances, prices fell, with the NASDAQ losing  -1.30 percent, the S&P500 off  -1.19 percent, and minus  -1.03 percent for the DJIA. While logic might say that prices were bound to fall after four days of gains, the record contradicts this common sense belief.

 

Overall, since 1950, prices moved higher on 35 days, scoring a fifth successive gain, against only 29 declines after four straight increases.  Further, considering only the past 12 years in this century, the count is almost even, with 10 advances and 11 declines.   

 

A note of caution for tomorrow – note the wide range of changes on the day following today’s pattern. These extended from -2.91 percent to plus 4.14 percent.

 

Also for tomorrow – in the past, gains outnumbered losses by a factor of almost three.

 

 

DJIA              -1.03 percent

NASDAQ      -1.30 percent

S&P500         -1.19 percent

This entry was posted on Thursday, September 1st, 2011 at 12 042011000000Thu, 01 Sep 2011 16:40:37 +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.