The S&P500 moved up, but gained just .01 point. The NASDAQ also closed higher, but added just .01 percent. We have not found any other day ending with this combination. But extending the range, collecting all NASDAQ and S&P500 gains between 0 and .05 percent, the total count rises to 14. However, there are just seven, over the last four price cycles, since 1995.
All of these happened while prices were moving higher; none occurred during the last two bear markets.
This continues the many sessions that have features common to, or only during, bull markets. Therefore, we continue optimistic about the future, since we use such data to infer that price increases will be continuing.
However, the projection is not as bright for the day following this combination. The graph shows that prices on the next day moved up three times and fell the other four days.
DJIA -.29 percent
NASDAQ .01 percent
S&P500 .00 percent
