The price surge continues, now 21 trading days since the market fell off its all-time high. Whereas the spotlight is on the NASDAQ’s seven-day streak, the S&P500 leads this recovery. That index now stands at 99.5 percent of its January high, while the NASDAQ has come back to only 99.3 percent. The DJIA is the laggard, standing at just 98 percent.
The outlook for another positive close is chancy. While the current expansion has gone on to an eight successive gain the next day almost always, the diagram reveals that losses outnumbered gains in the two earlier bull markets.
DJIA .79 percent
NASDAQ .08 percent
S&P500 .48 percent
