October 22, 2010 DJIA Declines While NASDAQ and S&P500 Rise

 

The DJIA change of -.13 percent, in contrast with the S&P500 .24 percent uptick and the .80 percent advance of the NASDAQ, presents a pattern of -1/+2 for the DJIA and +3/-1 for the other two indices. The record reveals this combination to be rare, with only 17 other such closes since 1950 – nine of which occurred since January 2000.

 

Furthermore, classifying the last nine, 21st century,

events by bull and bear markets, shows six happenings when prices were rising, with the last three since the bottom of March 2009.

 

However, on the following day, declines outnumbered gains. The NASDAQ fell 7 times, rising only twice. The DJIA and the S&P500 also had more losses than advances, but their ratios were just 5 losses and 4 gains.

 

DJIA                                    - .13 percent

NASDAQ                               .80 percent

S&P500                                .24 percent

 

 

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