September 21, 2012 Minor and Diverse Changes, Again

 

The NASDAQ added .13 percent while the DJIA lost -.13 percent and -.01 percent was shaved from the S&P500. These closes were the second loss in a row for the S&P500, a single loss for the DJIA and a single gain for the NASDAQ. This is just the fourth repeat in this century of this pattern; in total, only 14 other closes since 1950 have this pattern.

 

 

 

 

Our diagram locating these days reveals that three of these happened in the past two years, and the other occurred in 2001; that the following days are split evenly between advances and declines.

 

 

 

 

We repeat our alerts that recent closes show infrequent patterns, as well as consisting of small changes. Since the beginning of August, the median daily change of the DJIA is just .05 percent. This is far smaller than the .67 percent median positive DJIA change in this century. The S&P500 has similar features, while the NASDAQ recent median is just .13 percent, compared to the .98 percent median positive change since the beginning of 2000.

 

 

 

 

DJIA -.13 percent

NASDAQ   .13 percent

S&P500  -.01 percent

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