USMarketView

May 21, 2012                   Strong Rebound

The NASDAQ ended the troubling five day losing streak with a 2.46% gain – a gain so substantial it ranks as its 268^th largest of the more than 10,000 closes. Similarly, the S&P500 added 1.68%, ranking as the its 627^th largest since 1950. The DJIA, was up 1.09%.

These positive closes, moreover, differ from the following day history after six successive losses: those either continued negative or posted just fractional advances.

Turning to the following day, in the past the S&P500 managed another advance only 46% of the time, whereas the odds for a positive DJIA close are 55% and the NASDAQ chances are 58%.

DJIA                     1.09 percent

NASDAQ             2.46 percent

S&P500               1.60 percent

This entry was posted on Tuesday, May 22nd, 2012 at 12 082012000000Tue, 22 May 2012 08:47:14 +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.