The good news is that today’s gains, well in excess of one percent, occur far more often during bull markets than when prices are heading down. Our diagrams show these proportions separately, in good times and in bad times.
These graphs indicate that today’s increases, of 1.21 percent for the DJIA, 1.32 percent for the NASDAQ and 1.48 percent for the S&P500, occur near twice as often in bull markets.
So today’s data yield an outlook that presents a more favorable outlook for higher prices than in previous days.
DJIA 1.21 percent
NASDAQ 1.32 percent
S&P500 1.48 percent
