While all three major averages moved up for the fourth day in a row, the S&P500 did so closing at a new high. This new record comes just 18 trading days after the previous top. That March 7 high came 35 trading days after the previous top of January 15.
Bull markets and four straight gains by the DJIA, the NASDAQ, and the S&P500 go hand-in-hand. Today’s diagram shows just three such closes during the near 1,100 days of the last two bear markets. It reveals this expansion’s large margin of four up days –some 1.4 percent of the 1,274 trading days since the last bottom of March 2009.
The good news revealing the market’s buoyancy just keeps getting better with every session. As of now, no end seems in sight to what is surely becoming the strongest expansion of recent times.
DJIA .24 percent
NASDAQ .20 percent
S&P500 .29 percent
