March 26, 2012 Second Straight Advance
Prices improved more than a full percent as the market posted its largest single day increase in nine trading days -since March 13. While the record shows some 214 other two day sequences in this century, only two followed negative, three day runs. Indeed, there are only 11 such combinations in the entire 63 year span of our data bank.
Todays diagram pinpoints the last four repeats. It shows these tend to precede pauses in, or changes in the rate of, price appreciation.
In the past, gains outnumbered losses on the following day; however, the last two in this century split evenly, with one advance and one decline.
DJIA 1.23 percent
NASDAQ 1.78 percent
S&P500 1.39 percent
Good to be back!
