Just 12 other days exist closed with today’s combination of three consecutive advances for the NASDAQ and the S&P500 and only two up days for the DJIA. Today’s diagram shows almost all happening during bull markets, with merely two in declining markets.
Yet the record contains a possible caution: one of these closes coincided with the market top of March 2000. Moreover, combining this caveat with the record length of this expansion, now in its 1,161st day, adds credence to this warning.
As for tomorrow, prices moved higher on the day following this sequence just twice as often as they declined, with that ratio rising to three gains and one loss during the 2007/2009 bull market.
DJIA .18 percent
NASDAQ 1.32 percent
S&P500 .65 percent
