When NDX Outperforms SPX on a 1% Down Day

The Nasdaq100 (NDX) outperformed the S&P500 by a wide margin Thursday, a potentially positive sign for the short-term. Of the last 30 sessions in which the SPX fell 1% or more and the NDX fell less than 0.5%, the S&P was higher three sessions later 80% of the time, a significant edge over the 55% random chance. Only three cases led to an S&P down 1%+ three sessions later, while twenty cases led to a 1%+ gain…

S&P500 Drops 1%+, Nasdaq100 Down Less than 0.5%
09/08/11… S&P500 ??? three days later
05/24/10… S&P500 +2.7% three days later
10/26/09… S&P500 -0.1% three days later
06/03/09… S&P500 +0.8% three days later
05/15/09… S&P500 +2.3% three days later
05/11/09… S&P500 -1.8% three days later (*)
04/27/09… S&P500 +1.8% three days later
03/19/09… S&P500 +2.8% three days later
02/20/09… S&P500 -0.7% three days later
10/29/08… S&P500 +3.9% three days later
10/10/08… S&P500 +1.0% three days later
10/08/08… S&P500 +1.9% three days later
08/12/08… S&P500 +0.7% three days later
07/31/08… S&P500 +1.4% three days later
07/15/08… S&P500 +3.8% three days later
05/23/08… S&P500 +1.6% three days later
06/13/06… S&P500 +2.3% three days later
05/12/05… S&P500 +1.2% three days later
03/09/05… S&P500 -0.0% three days later
04/16/03… S&P500 +3.6% three days later
01/22/03… S&P500 -3.5% three days later (*)
10/09/02… S&P500 +8.3% three days later
09/24/02… S&P500 +1.0% three days later
04/29/02… S&P500 +1.8% three days later
03/06/00… S&P500 +0.8% three days later
02/16/00… S&P500 -2.6% three days later (*)
05/27/99… S&P500 +1.1% three days later
01/14/99… S&P500 +3.7% three days later
07/09/97… S&P500 +1.2% three days later
03/13/97… S&P500 +0.0% three days later
04/10/96… S&P500 +1.4% three days later

Categories : Archived EOD Commentary, End-of-Day Commentary

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