Remarkably, the DJIA continues in the plus column; now in its eighth day, this index, as well as the other two we monitor, has never achieved nine straight advances. For the record, such runs occurred more often between 1950 and 2000. There were 41 in that span but todays is only the sixth repeat in this century.
Our diagram shows that the following day saw the S&P500 declining four times, increasing just once. The NASDAQs record not shown- is a bit better with three losses and two gains.
Prices were on the rise, not surprisingly, on each of these days.
There is not much to say when the market generates these long strings of increases or decreases. We know these are atypical and that price changes will return to their typical direction changes within days. Yet, commentators, spectators and investors hold their breaths until the sequence ends, then they return to the typical considerations of every day investing.
DJIA .02 percent
NASDAQ -.35 percent
S&P500 -.24 percent
