A Week for the Record Books

The S&P 500 has certainly had an amazing run this week.  At the moment, the index is up 5% for the week, and it has been up more than 0.75% on each day.  If the index manages to close up more than 75 basis points today, it will be just the 8th time in the index’s history that it has closed up more than 75 basis points for five trading days in a row.  Below is a table showing the prior 7 instances in which this has occurred as well as how the S&P performed on the next day, over the next week, and over the next month.

Continue reading...  (Must be a Bespoke Premium member to view.)

Comments

[tom]

What happened in the market after those instances in the past?

[time123]

The strength of the move higher this past week is very important. When the move is so strong, follow-through buying is to be expected.

time123
admin at http://invetrics.com