USMarketView

            January 10, 2012                 Prices Continue Higher

 The NASDAQ posted its third straight gain, advancing .97 percent. The DJIA and the S&P500, moved higher for their second day, posting  .56 and .89 percent increases. Today’s pattern is the 11^th repeat since 2000, and 47^th overall.

The diagram identifies those previous days; it reveals an even distribution over good and bad times with the exception of the current, since the 2009 bottom, phase. These happened twice as often, -.55 percent of these days, as in the previous three segments.

Further, with the red dots representing declines on the following day, expectations for tomorrow are modest, given the 7 decreases and just 3 gains over the last four cycles since 2000.

 

DJIA            .56 percent

           NASDAQ     .97 percent

           S&P500        .89 percent

 

 

This entry was posted on Wednesday, January 11th, 2012 at 12 112012000000Wed, 11 Jan 2012 11:19:26 +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.