The S&P500 continued higher for the third session in a row, while the NASDAQ extended its positive streak to two and the DJIA turned positive after yesterday’s decline. This is only the fifth such close in this century, and the 13th since 1950.
Our diagram shows two of these happenings during the 2000/2003 bear market with the other posted in this, since March 2009, recovery.
However, while advancing, these gains are quite moderate. The DJIA’s plus .09 percent ranks as the 169th smallest, out of the 1,671 gains in this century. The NASDAQ gain of .49 percent is smaller than the other 1,124 positive changes since 2000. Similarly, there exist 1,095 larger S&P500 gains than today’s .36 percent.
Today is the first time since Friday that these thee averages moved in the same direction. While not rare, nevertheless, these indices have the same sign two days out of three. So far in this century 3,208 trading days, there have been 2,308 in the same direction, but only 1,573 positive while the other 735 days posted declines.
On the following day, the NASDAQ continued higher every time, whereas the DJIA and the S&P500 had only one gain as opposed to three losses.
DJIA .09 percent
NASDAQ .49 percent
S&P500 .36 percent
