Sector and Stock Winning Streaks

Don't look now, but the S&P 500 Energy sector has been up 7 days in a row. This is the 22nd such streak since 1989, and as shown below, even though it may seem like the sector is due for a short-term pullback, it has historically gone up on day 8 just about as often as it has gone down.

There are also 8 stocks in the Russell 1,000 that are currently on 8-day winning streaks. For each stock below, we looked at similar streaks over the past 4 years to see how it has done on the 9th day. As shown, WFT has had 4 8-day winning streaks over the last 4 years, and it has gone up 75% of the time for an average change of 0.60% on the 9th day. CAM, on the other hand, has only had one 8-day winning streak in recent years, and it went down on day nine.