After four straight advances, prices declined a bit – with the DJIA’s mark down so slight, its change came to zero percent.
As discussed yesterday, prices rising four straight days in a row occurred just 27 times over the last four price cycles since 1996, and further, the following days saw as many losses as gains.
Today’s diagram identifies these closes and indicates the direction of price changes for tomorrow. The odds for higher valuation on Monday are slightly better than even, with the DJIA and the NASDAQ history showing a ratio of 8:5 for increases.
The S&P500, as shown in the figure, though has seven gains and six losses, with twice as many declines as advances in the current, since 2009, expansion.
DJIA .00 percent
NASDAQ - .16 percent
S&P500 - .28 percent
