The DJIA and the S&P500 closed higher for the second day in a row while the NASDAQ closed up after declining the previous day, scoring a rare pattern seen on just 38 of the last 4,605 days. The diagram locates these events over the last five price cycles since 1996.
In actuality, these days occurred at a near equal rate during bull markets and while prices were heading down. Yet they have a distinguishing characteristic that is tied to the price trends: the median change of the S&P500 is positive in good times and negative when prices are heading down.
There is a further, yet coincident, fact: today’s changes for the DJIA, the NASDAQ, and the S&P500 are just about the same as the current upswing’s median changes since the beginning of this expansion in March 2009.
Another fact, today’s DJIA percentage gain is identical to yesterday’s rate. This is a unique coincidence – it has never happened before.
As for tomorrow, gains outnumbered losses during bull markets but prices declined more often in bear markets.
DJIA .53 percent
NASDAQ .72 percent
S&P500 .48 percent
