USMarketView

May 15, 2012

 

Today’s closing pattern of three declines for the DJIA and the S&P500, and two straight losses for the NASDAQ is the 8^th repeat since the beginning of 2000. The diagram shows these days -with red for further losses on the following day, and green for increases. While they concentrate around the 2003 lower turning point, they do not display occurrences near a market top.

 

Yet that is the signal that would alert us to a forthcoming upper turning point. Therefore, these closes fail to provide an insight into the current front burner fear: is this expansion, of rising prices since early 2009, coming to an end?

 

 

 

DJIA                                           -.50 percent

NASDAQ                                   -.30 percent

S&P500                                     -.57 percent

This entry was posted on Tuesday, May 15th, 2012 at 12 042012000000Tue, 15 May 2012 16:18:20 +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.