The NASDAQ positive run has now stretched to day four; the DJIA and the S&P500 similarly achieved their third straight increase. Only 18 other session since 1950 -and just one since January 2000- achieved this pattern. Moreover, on the days following such postings, further increases outpaced declines. The NASDAQ moved higher 15 times; the DJIA 13 times and the S&P500 achieved further increases on 11 occasions.
Considering the market’s performance since its April 2010 top, note that since the two most recent lows of September 9/13 and the one following on September 19/23, prices have continued their rise almost continuously, even though the upticks on most days were modest.
DJIA .09 percent
NASDAQ .65 percent
S&P500 .38 percent