Posted by sbaxman111 on 22nd of Aug 2017 at 11:23 am
Below is a chart showing historical streaks of trading days with
40%+ of S&P 500 stocks closing above their 50-day moving
averages. The length of the streak is just another data point
showing just how long it has been since we’ve had any kind of
market pullback.
S&P Breadth
Posted by sbaxman111 on 22nd of Aug 2017 at 11:23 am
Below is a chart showing historical streaks of trading days with 40%+ of S&P 500 stocks closing above their 50-day moving averages. The length of the streak is just another data point showing just how long it has been since we’ve had any kind of market pullback.
There have only been two longer streaks in the S&P’s history dating back to 1990 when this breadth data begins. In 1994 there was a 216-trading day streak of consecutive 40%+ breadth readings, and in 1995 there was a 217-trading day streak.