The NASDAQ remained almost unchanged, closing off -.03 percent, while the S&P500 lost -.13 percent. The DJIA moved in the opposite direction, adding just .09 percent. This pattern, the NASDAQ and the S&P500 down two days in a row with the DJIA up one day, has occurred only 19 other times in this century.
These days, however, added or subtracted, changes much larger than today; further most were seen during the 2000/2003 decline and the current up trend since 2009.
On the following day, gains just about equaled losses, except for the NASDAQ which had eight advances but eleven declines.
Today’s diagram compares the S&P500 daily closes of the current cycle with that of the previous up trend, between 2003 and 2007. While these do not have identical time paths, they nevertheless are quite similar. Indeed the current segment parallels the earlier trend, and raises the question of how much longer will this ongoing expansion endure.
DJIA .09 percent
NASDAQ -.03 percent
S&P500 -.13 percent
