Should it be a forewarning that another day passed with prices declining by just by a whisper? It seems logical to believe that when the interaction of buyers and sellers result in such minimal changes, they fail to have a belief in the market’s future. Obviously the Ukraine situation hangs over all markets – that was shown just a week ago when prices dropped on Monday and then on Tuesday recovered more than they lost the previous day.
The NASDAQ fell for the third straight session, while the S&P500 and the DJIA also lost ground. It was the first reversal for the S&P500 after four consecutive advances; the DJIA’s decline follows two up days.
Today’s diagram shows such days almost evenly distributed over bull and bear markets. Further, this history shows gains and losses happening at just about the same rate in up markets and down markets.
Prices on the following day maintained this even distribution over good times as well as when prices were trending lower.
DJIA -.21 percent
NASDAQ -.04 percent
S&P500 -.05 percent
