The market remains on the same track of minimal price deviation from the close of the previous session. The DJIA and the S&P500 completed their third straight day in negative territory but the NASDAQ moved up a bit.
This pattern of three successive declines and an increase in the NASDAQ has repeated nine other times since 2010 and on 42 days in the 1950-1999 period.
The DJIA and the S&P500 closed higher on 7 of the following days while the NASDAQ increased on 6 occasions, falling on three.
Fridays post describes the existing relationship between minor daily price variations and the trend of prices moving higher. Will this historical relationship continue, thus promising rising prices while daily trading results in minor price variations?
DJIA - .32 percent
NASDAQ .17 percent
S&P500 -.14 percent