USMarketView

February 18, 2011                Positive Days Stretch to Three

 

On the last day of the week, the DJIA gained .59 percent, the S&P500 rose .19 percent while the NASDAQ lagged behind with a .08 percent advance. Now posting the 220^th session of three straight gains, and the 61^st since the beginning of 2000, the chances of lengthening the string to four in a row on Monday are just about even.

 

The S&P500 record shows an equal number -30- of gains and declines. The DJIA however, made it to four straight 36 times, whereas the NASDAQ shows only 27, experiencing 33 declines.

 

Since this rally started in September, the best showing has been the NASDAQ’s nine-day string, with the DJIA at eight and the S&P500 with six. This count almost equals that of longer duration between March 2009, the bottom of the decline, and last September. Then the NASDAQ had a 12 consecutive days run, but the other two indices fared no better than in the recent period.

 

With nearly 2,800 trading days since the start of 2000, and the total number of four in a row sequences ranging from 27 for the NASDAQ to 36 for the DJIA the repeats of a fourth day positive run obviously were very slim.

 

 

DJIA              .59 percent

NASDAQ      .08 percent

S&P500          .19 percent

This entry was posted on Sunday, February 20th, 2011 at 12 022011000000Sun, 20 Feb 2011 14:42:00 +0000 and is filed under Market Report. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.