November 1, 2012 Finally, A Strong Day

 

 

It was the first greater than one percent day since September 13, 33 trading days ago, as the NASDAQ added 1.44 percent, the S&P500 gained 1.09 percent while the DJIA increased 1.04 percent.

 

 

But before celebrating this feat, note that today’s triplet is only the 13th so far in 2012. Last year had 28 such days, while 2010 saw 30. Indeed, the largest totals occurred in 2009 and 2008, with 49 and 51 DJIA, NASDAQ and S&P500 closes exceeding one percent.

 

 

 

On the other end, 2006 had the smallest total, of only 9, with 10 the year before, and 16 in 2004. That is quite odd, since prices scored their best gains in these three years.

 

 

 

We turn to today’s pattern, the second plus day for the S&P500 while the DJIA and the NASDAQ moved up after yesterday’s losses. There are only 9 days with this record in this century.

 

 

 

The following day, in the past, closed with a near equal distribution of gains and losses.

 

 

 

 

DJIA                                                1.04 percent

NASDAQ                                         1.44 percent

S&P500                                           1.09 percent

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