September 12, 2012 Second Advance in a Row
While there have been 219 closes in this century where the DJIA, the NASDAQ and the S&P500 have moved higher two days in a row, today’s analysis will focus on that combination joined with the previous close of a single day loss of these three averages.
Today’s repeat is the 93rd since January 2000. Our diagram locates these, and in addition, uses the green triangle to indicate an increase for the following day, while the red circle shows losses. These ups and downs are just about balanced between 2000 and 2009. However, since 2009, the NASDAQ and the S&P500 show advances on the next day occurring about twice as often as declines. The numbers are 14 up days and 4 down days for the NASDAQ. The S&P500 has 13 increases compared to 5 declines.
The DJIA, however, reveals an opposite situation, with just 8 gains but 10 declines.
DJIA .07 percent
NASDAQ .32 percent
S&P500 .21 percent
