68 straight trading days WITHOUT A DROP OF 1%!!!

[S2007S]

Amazing isn't it.....only up up up up...maybe a day here or there with a .18% dip or a .34% dip there if you're lucky, but not one single day for 68 straight trading days have we seen a 1% dip....



The S&P 500 just posted its 68th straight trading day without a drop of 1 percent or more.

That's its longest streak since 2006, when it saw a streak of 94 sessions (from July 14 to Nov. 24). The index on Thursday closed 0.36 percent in the red, and opened Friday morning slightly higher ahead of President-elect Trump's inauguration.

Since Oct. 11 (when the market dropped 1.24 percent), the S&P 500 has risen 5 percent. In 2006, the S&P 500 rose just over 13 percent in those 94 trading days from July 14 to Nov. 24.


http://www.cnbc.com/2017/01/20/the-sp-500-just-did-something-it-hasnt-in-11-years.html

 

[southall]

Since Oct. 11 (when the market dropped 1.24 percent), the S&P 500 has risen 5 percent. In 2006, the S&P 500 rose just over 13 percent in those 94 trading days from July 14 to Nov. 24.

So this means the S&P is set to rise 8% over the next 26 days!

Buy this dip for risk free $$$$$$

 

[recession2016]

it's going to start going down next week now that trump is in office

anybody that buys stocks at these levels is a future bag holder

 

[W.J. Feathermaker III]

It's basically playing out the August-early September 2016 pattern once again. Notice how the S&P basically closes within a few points of the PDC over and over again. Intra-day there can be quite a bit of volatility but it always "mean regresses" into the close.

September 9th broke the entire range in one day. Essentially cleared out 2 months worth of range in half a session. A somewhat binary event. That is probably the future of the markets going forward. A few sessions of vertical ramp's/decline's encased with months worth of sideways/illiquid chop.

 

[CBC]

Thanks for pointing that out S2007S. You should go and work for bloomberg. They are always digging up stats like this .

 

[Scataphagos]

So this means the S&P is set to rise 8% over the next 26 days!

Buy this dip for risk free $$$$$$

A thought for the back burner...

I'm not a devotee of Elliott Wave, but sometimes/often the big picture ends up being clear.

I'm considering the notion that the low in Feb, '16, might be the end of the "4th wave up from 2009 low". If that's the case, we may be about 1/2 way through the "5th wave up".

Paraphrasing Joe Granville.... he used to describe the waves as "W1 is disbelief", "W3 is belief", and "W5 is overbelief". Current behavior smacks of overbelief to me.

FWIW...

 

[W.J. Feathermaker III]

That 5th wave may still unfold, but this market is probably a few days away from another September 9th type of downdraft.

 

[noddyboy]

Amazing isn't it.....only up up up up...maybe a day here or there with a .18% dip or a .34% dip there if you're lucky, but not one single day for 68 straight trading days have we seen a 1% dip....



The S&P 500 just posted its 68th straight trading day without a drop of 1 percent or more.

That's its longest streak since 2006, when it saw a streak of 94 sessions (from July 14 to Nov. 24). The index on Thursday closed 0.36 percent in the red, and opened Friday morning slightly higher ahead of President-elect Trump's inauguration.

Since Oct. 11 (when the market dropped 1.24 percent), the S&P 500 has risen 5 percent. In 2006, the S&P 500 rose just over 13 percent in those 94 trading days from July 14 to Nov. 24.


http://www.cnbc.com/2017/01/20/the-sp-500-just-did-something-it-hasnt-in-11-years.html

Should have bought