Prices edged up, with the DJIA gaining .11 percent, the NASDAQ rising .16 percent and the S&P500 adding .12 percent, as daily changes continued to be small. The DJIA closed with a smaller gain only 190 times in the near 3,200 trading days since January 2000. Similarly, the NASDAQ shows just 199 smaller advances while the S&P500 has 207.
Today’s pattern of two increases for the DJIA and single gains for the NASDAQ and the S&P500 is the 22nd repeat in this century, but the 4th replay since this past April. The record shows prices on the following day declining more often than increasing, with the DJIA and the S&P500 closing up six times and falling on 14 days. The NASDAQ has a somewhat larger gain ratio, with only twelve losses and eight increases.
Our diagram locates these closes for the S&P500. It shows almost no consistency, with most of these days happening during the 2000/2003 bear market and since March 2009, during the current bull phase.
DJIA .11 percent
NASDAQ .16 percent
S&P500 .12 percent
