Our focus on the NASDAQ continues.
The NASDAQ index is now valued at 329 percent of its low on March 9, 2009, a substantial advantage over the DJIA gain of 253 percent. The S&P500 also lags the NASDAQ - and at 273 percent of its bear market low – it’s performance is only slightly better than the DJIA.
Note that most of the NASDAQ’s superior performance is recent, with its relative gains accelerating in 2012 and 2013.
As a point of interest, note that today’s pattern is unique. It is the first time since 1950 that the market closed with two up days in a row for the S&P500, combined with the one day gain of the NASDAQ and the third down day in a row by the DJIA,
DJIA -.05 percent
NASDAQ .44 percent
S&P500 .23 percent