In the past, today’s diverse results for each of the three major indicators cluster in bull markets. In fact, as the diagram shows, the 2007/2009 bear market does not show a single such close.
The analysis, and the diagram, considers the history of the distinctly different changes of the DJIA, down .22 percent, the NASDAQ, up .14 percent, and the S&P500, up .01 percent
.
With only one such day occurring in the two most recent bear markets, while the other 12 such days come up in each of the last expansions, it seems safe to consider this an affirmation of the continuation of the ongoing bull market.
Expect another up day tomorrow, since in the past the up days outnumbered losers 9:4.
DJIA -.22 percent
NASDAQ .14 percent
S&P500 .01 percent
