The NASDAQ continued higher, scoring its sixth gain in a row, but the S&P500 closed lower, ending its positive streak at five days. The DJIA declined after posting two straight advances.
Yet the changes were modest. The NASDAQs increase ranks as the 1,311th of the more than 1,700 positive closes in this century. Similarly, the S&P500 loss of -.20 percent stands in the 1,222th place of the 1,532 declines since 2000.
The past has good news for tomorrow: prices moved higher on the following day for each of these three averages, with the NASDAQ and the S&P500 posting seven gains and only one decline. The DJIA moved higher on six days.
Further todays pattern occurs most often in bull phases seven of the last eight repeats took place during the 2003/2007 and the 2007/2009 growth periods. In addition, our diagram reveals only two happening during market corrections; prices were increasing the other six times.
DJIA -.33 percent
NASDAQ .33 percent
S&P500 -.20 percent