Week’s First Plus Session

February 7, 2008

The gains were modest, but the final bell found all three indices in positive territory, closing higher than on Wednesday.

After three successive losses, this finish is in some conformance with previous patterns since January 2000.

The results for the succeeding day -tomorrow when we consider history back into the late 1900’s- show a greater number of up days than declines. Specifically, 153 gains compared to 105 losses for the NASDAQ; while the S&P500 and DJIA ratios of gains to losses are 1.37 and 1.24, respectively.

However, the record is less robust since January 2000: the S&P500 and the NASDAQ still have positive ratios, but they decline to 1.10, whereas the DJIA turns in the opposite direction, realizing more declines than up closes.

DJIA .38 percent
NASDAQ .63 percent
S&P500 .79 percent

This entry was posted on Thursday, February 7th, 2008 at 12 082008000000Thu, 07 Feb 2008 20:56:40 +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.

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