January 9, 2012 Small Advance Starts Week

 

          January 9, 2012                 Small Advance Starts Week

 

While prices moved higher, they remained just about where they closed on Friday, the previous session.  The NASDAQ, rising for the second day in a row, added  .09 percent. That change is the 98th smallest NASDAQ gain of the near 3,000 trading days since 2000. The DJIA and the S&P500 moved up  .27 and .23 percent, moving up following their previous days’ declines. Their gains were also moderate, ranking as the 400th and 360th smallest advances in the past 13 years.

Today’s diagram plots the S&P500’s daily closes. It shows they are distributed in just about the same proportion, when prices are trending higher and when they are falling. Accordingly, this analysis fails to bring new understanding of the connectedness of daily price patterns and the underlying market trend.

Not much can be added about tomorrow’s outcomes; in the past the next day closed higher 17 times and declined on 18 days.

 

 

DJIA            .23 percent

NASDAQ     .09 percent

S&P500        .23 percent

 n-up-2-s-and-d-up-1.png

This entry was posted on Monday, January 9th, 2012 at 12 062012000000Mon, 09 Jan 2012 18:16:29 +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.

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