Posted by mastermind on 5th of Jan 2024 at 08:08 pm
"The benchmark S&P 500 looks to be finding support at its
21-day line after ending Friday up 0.2%. Its loss of about 1.5% for
the week was the worst performance after a weekly winning streak of
at least nine weeks since 1963." Mildly interesting data from IBD,
but I know it has been mentioned how rare 9 week winning streaks
are, so I wonder how many data points there are since 1963.
Nonetheless, this does not bode well for the "first 5 days
indicator", which will end on Monday.
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"The benchmark S&P 500 looks
Posted by mastermind on 5th of Jan 2024 at 08:08 pm
"The benchmark S&P 500 looks to be finding support at its 21-day line after ending Friday up 0.2%. Its loss of about 1.5% for the week was the worst performance after a weekly winning streak of at least nine weeks since 1963." Mildly interesting data from IBD, but I know it has been mentioned how rare 9 week winning streaks are, so I wonder how many data points there are since 1963.
Nonetheless, this does not bode well for the "first 5 days indicator", which will end on Monday.