June 19, 2012 NASDAQ, S&P500 Score Four Gains in a Row
Rising prices and four straight advances go hand in hand. While our diagram shows their occurrence also when prices are trending down, almost all happened during the 2003/2007 expansion and since the market’s bottom in March 2009.
Further, the conclusion that the bulls are in charge is buttressed by noting that today’s results include also the recent ups and downs of the DJIA. While the record shows only six such closes in the past 13 years, they happened also during these last two expansions.
Yet tomorrow’s outcome will likely be a decline, since in the past, only 47 following days moved higher; the balance- 56 days declined.
DJIA .75 percent
NASDAQ 1.19 percent
S&P500 .98 percent
