While the DJIA and the S&P500 closed in the plus column, their gains came to less than .09 percent. The NASDAQ, declined however, losing -.47 percent. The resulting pattern plus 1 for the DJIA and the S&P500; -2 for the NASDAQ occurred 151 times overall with 28 since January 2000.
These closes though do not share the clustering of recent closes, that is, significantly more occurring in the two expansions than in the two declines since 2003. Nevertheless, 16 happened while prices were rising, and only 11 when prices were falling.
Indeed, while 12 of the 16 expansion closes (75 percent) moved higher on the following day, 7 of the 11 waning days (64 percent) also posted increases the next day.
Thus todays configuration of changes point to further gains ahead; it does not support a projection for lower values in the future.
DJIA .04 percent
NASDAQ -.47 percent
S&P500 .09 percent