USMarketView

June 28, 2012                       Another Decline

 

 

Today’s losses follow two days of moderate advances. At the close, the DJIA and the S&P500 were off by about -.20 percent, declines ranking at about 1,200 out of the more than 3,100 trading days in this century. The NASDAQ, however, posted its 766^th deepest loss.

 

Today’s pattern -a loss after two straight gains that came after a decline- occurred on 32 previous sessions since January 2000. These are shown on the graph, with the green dots indicating gains on the following day. Losses are in red.

 

While the following day is divided almost equally between gains and losses, the 2003/2007 bull market experienced almost twice as many advances as declines. Thus, if the current trend is for rising prices, tomorrow’s close will be higher.

 

 

 

 

DJIA                               -.20 percent

NASDAQ                       -.90 percent

S&P500                         -.21 percent

 

 

 

This entry was posted on Thursday, June 28th, 2012 at 12 052012000000Thu, 28 Jun 2012 17:17:54 +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.