The three indices moved up again, but their increases failed to match Mondays level. And while today marks the third time this year that the averages posted two gains in a row, they have not yet managed a longer string.
In fact the last time we had three straight positive closes was toward the end of December 2007, some 23 trading days ago.
Yet in the 250 trading days of 2007, the NASDAQ index turned in a third positive day 21 times, or at the rate of one every 12 days. The DJIA, with 19 of these had a positive third day every 13 days, and the S&P500 had an average of once every 16 days.
So tomorrows results will be an important indicator.
DJIA .78 percent
NASDAQ .35 percent
S&P500 .62 percent