USMarketView

June 27, 2011                Advance Starts Week

 

 

Prices rebounded with the NASDAQ climbing  1.33 percent, as the DJIA and the S&P500 adding .92 percent. Yet the market continues with its up-then-down direction changes. The NASDAQ has reversed itself now for five sessions in a row, while the other two indices, however, just turned their direction after three consecutive declines.  

 

Yet it’s noteworthy to focus on the infrequency of recent trading patterns. Today’s combination is only the fourth repeat since 1999, making it less than useless for interpreting or projecting the market’s action.

 

Consider Friday’s estimate: based on just nine previous closes, with a record of just about an even number of gains and losses. Instead, today’s trading generated substantial gains.

 

Nevertheless, we provide the results of today’s pattern. While the DJIA and the S&P500 moved higher on all three days, the NASDAQ had only one increase and two declines.

 

DJIA                .91  percent

NASDAQ       1.33 percent

S&P500           .92  percent

 

This entry was posted on Monday, June 27th, 2011 at 12 052011000000Mon, 27 Jun 2011 17:53:24 +0000 and is filed under Market Report. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.