This is a chart from 2003, doesn't make a difference that its 6 years old however its quite interesting to see where the market may be headed if it pushes higher a few more days in a row.
CONSECUTIVE UP DAYS
March 20, 2003
Consecutive Up Days Since 1900 Since 1990
7 174 11
8 84 5
9 41 4
10 23 2
11 12 2
12 6 1
13 1 0
14 1 0
For the purposes of this study, the Dow Jones Industrial Average is used as a proxy for the "market" up until January 1950. From 1950 on, the S&P 500 is used.
Since 1900 (over 28,000 trading days), the market has been up 7 days in a row 174 distinct times. We can see that it has gone up the next day about half of the time, as there were 84 instances of 8 up days in a row.
CONSECUTIVE UP DAYS
March 20, 2003
Consecutive Up Days Since 1900 Since 1990
7 174 11
8 84 5
9 41 4
10 23 2
11 12 2
12 6 1
13 1 0
14 1 0
For the purposes of this study, the Dow Jones Industrial Average is used as a proxy for the "market" up until January 1950. From 1950 on, the S&P 500 is used.
Since 1900 (over 28,000 trading days), the market has been up 7 days in a row 174 distinct times. We can see that it has gone up the next day about half of the time, as there were 84 instances of 8 up days in a row.
