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The market reverted to the minor daily changes of last month, as the DJIA added .18 percent and posted its third straight gain. The S&P500 lost -.13 percent and the NASDAQ fell -.38 percent. Both these averages now have three declines and just one positive close in the last four days.
Further, as at the end of last year, todays closing pattern has only a few forerunners. The DJIAs +3, combined with the -1 of the NASDAQ and the S&P500, have occurred just 7 times since 2000; 19 others came in the 1950/1999 period.
Yet the last incident was less than a month ago, on December 23, just before the holidays began.
Five others took place during the bear market of 2000/2003, while another hit during the early stages of the October 2007 decline.
Of course this association with the markets ups and downs could be coincidental; on the other hand it might also demand a cautious outlook for the future.
As for tomorrow, the record reveals gains outnumbering declines on the next day. These range from six advances and one decrease for the DJIA, five gains and 2 declines for the S&P500, to four positive and three negative closes for the NASDAQ.
DJIA .18 percent
NASDAQ -.38 percent
S&P500 -.13 percent