The S&P500 closed at 1472.02 just .07 points below yesterdays 1472.12 a change smaller than .01 percent. A rare event that has just 13 previous repeats in this century. Yet the last four happened in 2012, occurring over just 74 days, between June 8 and September 24.
We find a similar chain during the 2000/2003 decline; that lasted 262 days.
Yet prices were trending higher when most of these inftesimal losses occurred.
Positive closes on the following days outnumbered declines 8:4, with three of the losses during expansions. Moreover, these next day changes have a wide range, extending from -.19 percent all the way to plus 2.29 percent.
These facts make interesting history, but yield insufficient insights to allow projections of future price movements.
DJIA .13 percent
NASDAQ .12 percent
S&P500 -.00004 percent
