Banks Under performance ST negative

The table below lists all the occurrences where the BKX closed down by 0.5% or more and the S&P closed up by 0.90% or more. As can be seen, the S&P has a tendency to close lower within 3 days, in some cases, significantly lower.

Ticker	Date/Time	Close	Chg	3Day-	%Chg N1	%Chg N2	%Chg N3
SP500	10/14/1993	466.83	1.16	3.00	0.57	0.35	-0.13
SP500	3/11/1996	640.02	1.03	1.00	-0.46	-0.23	0.13
SP500	4/16/1997	763.53	1.17	1.00	-0.23	0.37	-0.41
SP500	12/7/1998	1,187.70	0.93	1.00	-0.53	-0.35	-1.91
SP500	8/25/1999	1,381.79	1.34	1.00	-1.43	-2.43	-4.18
SP500	11/18/1999	1,424.94	1.01	1.00	-0.21	-0.28	-1.42
SP500	1/10/2000	1,457.60	1.12	1.00	-1.31	-1.74	-0.54
SP500	2/3/2000	1,424.97	1.12	1.00	-0.04	-0.05	1.18
SP500	4/6/2000	1,501.34	0.94	3.00	1.00	0.21	-0.05
SP500	4/7/2000	1,516.35	1.00	1.00	-0.78	-1.04	-3.24
SP500	5/16/2000	1,466.04	0.94	1.00	-1.24	-1.97	-4.03
SP500	1/18/2001	1,347.97	1.39	1.00	-0.40	-0.38	0.92
SP500	11/6/2002	923.76	0.91	1.00	-2.29	-3.14	-5.15
SP500	10/23/2008	908.11	1.26	1.00	-3.45	-6.52	3.57
SP500	11/18/2008	859.12	0.98	1.00	-6.12	-12.42	-6.88
SP500	12/10/2008	899.24	1.19	1.00	-2.85	-2.17	-3.41
SP500	2/3/2009	838.51	1.58	1.00	-0.75	0.88	3.59
SP500	3/4/2009	712.87	2.38	1.00	-4.25	-4.14	-5.10
SP500	4/8/2009	825.16	1.18	0.00	3.81	4.07	1.98
SP500	6/1/2009	942.87	2.58	2.00	0.20	-1.18	-0.04
SP500	10/19/2009	1,097.91	0.94	0.00	0.00	0.00	0.00