S&P 500 Energy Sector Up 8 Days in a Row

Monday we highlighted that the S&P 500 Energy sector was on a 7-day winning streak, and that the odds for an up or down day on day 8 were about 50/50. When the sector has been up 8 days in a row, however, it has actually gone up on the 9th day 70% of the time for an average change of 0.22%. Historically, the sector has typically done better on the day following an 8-day winning streak than the day following a 7-day winning streak.

Comments

[You're Kidding:]

The %ChgNextDay in your chart looks like the output of a random number generator.

Do you really think it means anything? If it does, we would have to look back and see what the news was on those 9th days, wouldn't we? And what were the changes on the 2nd, 3rd, 4th, etc., days? Do you think these stats mean anything?

What % of your own real money do you place on this "past increases tell us about future increases" stats?

What is the purpose of this article?

You do yourselves a disservice by suggesting any of this means anything. Why would I want your services if you believe in this stuff?

I am so fed up with people who are trying to take advantage of the vulnerability of others to make money!

Jan 07 06:54 AM