March 2, 2011 Market Changes Direction Again
Though all the three indices turned up today, these gains left prices in yesterdays range. The NASDAQ posted the largest increase, a plus .39 percent; the S&P500s move was .16 percent while the DJIA managed just .07 percent.
The record shows 424 days with this +1/-1 pattern. The last 200 occurring since January 2000. Moreover, and oddly, the following day saw an almost equal number of advances aand declines. The S&P500 scored 99 positive subsequent days; on the other extreme, the NASDAQ had 105 increases on the next day.
These plusses and minuses, however, were not spread evenly across the three averages. Only 86 sessions, of the 200 in the past decade, showed gains for all three indices. There were 81 days when all three declined.
DJIA .07 percent
NASDAQ .39 percent
S&P500 .16 percent