NASDAQ’s Relentless March Higher Continues By: Almanac Trader | August 6, 2018
As of today’s close, DJIA is up 3.17% year-to-date. S&P 500 is doing twice as well up 6.61% and NASDAQ is more than double S&P 500’s advance at 13.85%. These numbers confirm DJIA’s laggard performance and the chart above clearly shows it is the furthest from its all-time closing high, time since as well as price. S&P 500 is quickly nearly its old all-time high while NASDAQ is doing the same. Based upon historical average performance in midterm years and in all years, NASDAQ and S&P 500 are above average for this time of the year. DJIA is doing better than past midterm years, but is still below average compared to all years.