USMarketView

April 4, 2011                 Small Changes Start Week      

 

The NASDAQ’s decline of  just -.03 percent stopped its positive streak at four; the S&P500 gained .04 percent after Friday’s advance. Yet it seems that changes as small as these, and not much different from zero, provide little insight into market tendencies.

 

Today’s pattern of two positive days for the DJIA and the S&P500, and one negative day for the NASDAQ is the 30^th repeat since the end of 1999. The history of the following day shows more declines than advances. The DJIA fell on 22 days, gaining on only 7 sessions. The NASDAQ and the S&P500 also had more  losses, 16:13  and 17:12.

 

DJIA                .19 percent

NASDAQ       -.03 percent

S&P500           .04 percent

 

This entry was posted on Tuesday, April 5th, 2011 at 12 082011000000Tue, 05 Apr 2011 08:06:43 +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.