While the upticks were small, the DJIA and the S&P500 moved up again, reaching levels never reached before. The NASDAQ moved higher for the fifth straight day – although it remains far below its all-time high of 5000 during the dotcom boom in 2000.
Today’s combination of two gains in a row for the DJIA and the S&P500 combined with five consecutive increases by the NASDAQ is extremely rare: just four happenings over the last five price cycles, and 34 overall since 1950.
The diagram locating these days shows prices declined on three of the following days but no relationship to price peaks or bear market bottoms.
DJIA .35 percent
NASDAQ .18 percent
S&P500 .48 percent
