USMarketView

August 25 and 26, 2008

There was not much change on Tuesday after Monday’s drop of near minus two percent. As a result, the indices now are a bit lower than their final trades last Thursday.

The closing pattern of the NASDAQ now stands at -2/+1 whereas the DJIA and the S&P500 have a +1/-1 record.

In words, the NASDAQ’s last two closes were negative while it gained –some 1.44 percent- on Friday. The other two indices closed higher today after falling on Monday.

There have been eight such repeats between January 2000 and today. Four of these occurred in declining markets while the other four took place between 2003 and 2006, when prices were rising.

In the past, the NASDAQ went up four times on the next day and declined the other three days. The S&P500 had three increases while the DJIA rose just two times.

August 26, 2008

DJIA .23 percent

NASDAQ… -.15 percent

S&P500 .37 percent

This entry was posted on Tuesday, August 26th, 2008 at 12 052008000000Tue, 26 Aug 2008 17:35:45 +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.