February 17, 2012 Not Much Change
A small loss by the NASDAQ offset slight increases in the DJIA and the S&P500. With all three indices scoring gains on the previous day, todays pattern is +2 for the DJIA and the S&P500, and -1 for the NASDAQ. This combination has occurred 35 previous times in the 3,000 some trading days of this century.
The diagram shows these days, with green denoting increases on the following day and red indicating declines.
The graph illustrates two important facts. One, no insight into the future, since these results are distributed just about equally between good times and bad times. Two, similarly, no projection for the following day is possible, because next day gains are just about equal to next day losses.
DJIA .36 percent
NASDAQ -.27 percent
S&P500 .23 percent
