USMarketView

 

 

The market turned higher after two successive declines for the 74^th repeat since the beginning of 2000. On the following day in the past, the momentum was for a further gain on the following day, with increases outnumbering declines   55 percent to 45 percent.

 

Overall, the next day’s average daily NASDAQ change comes to .27 percent over the two bear and two bull markets of the last 13 years. That beats the S&P’s average of .17 percent; it is more than double the DJIA’s .12 percent.

 

Our diagram indicates the following day’s incidents for the S&P500, with the green triangles showing gains while the red circles denote declines.

 

The NASDAQ changes on the following day, on average, overwhelm both the DJIA’s and the S&P500’s. Note also that the previous bull market generated larger daily changes than the current expansion.

 

 

 

 

DJIA                                                                        .20 percent

NASDAQ                                                                .15 percent

S&P500                                                                  .30 percent

 

 

 

 

 

 

This entry was posted on Thursday, October 25th, 2012 at 12 092012000000Thu, 25 Oct 2012 21:08:56 +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.