Like the Knicks, from Steve Ellison

November 24, 2010 |

The S&P 500 futures opened down on Globex and never traded above Monday's close all day Tuesday. After the last 13 Knicks-like performances, the S&P 500 the next day was up 6 times and down 7 times:

Next day
Date change
3/30/2009 1.3%
4/20/2009 1.8%
4/27/2009 -0.6%
5/11/2009 -0.2%
6/15/2009 -1.3%
8/17/2009 1.2%
9/24/2009 -0.3%
2/25/2010 0.1%
3/15/2010 0.8%
4/16/2010 0.4%
8/10/2010 -3.1%
8/11/2010 -0.5%
11/11/2010 -1.3%