December 16, 2011 Mixed Day Ends Week
The DJIA shaved -.02 percent from its previous close, but the S&P500 added .32 percent and the NASDAQ moved up .56 percent. This pattern, a loss for the DJIA and the second gain in a row for the NASDAQ and the S&P500, happened on just 16 days since the start of 2000.
With most of these occurring while prices were on an upward trend, the outlook for higher prices looks promising.
On the following day, in the past, both the DJIA and the S&P500 moved higher twice as often as they declined. But losing days for the NASDAQ exceeded gains by -9:7.
DJIA -.02 percent
NASDAQ .56 percent
S&P500 .32 percent