Is the Nasdaq Winning Streak Coming to an End?

The Nasdaq Composite Index is currently riding a 12-day winning streak.

But judging from history, the current streak is getting a little long in the tooth (see table below)...

Observations (Nasdaq winning streaks of 10 or more days)

• This is only the 29th time in history that the Nasdaq has had a winning streak of 10 days or more.
• The record streak is 19 days (Aug. 1979).
• The Nasdaq hasn't experienced a 10-day winning streak in over 12 years.
• The average total gain during the previous 28 streaks was approximately 7.0% (The index is already up 13% during the current streak).
• On average, Index performance has been slightly positive for the 5, 30, and 90-day periods following a streak.

Full Disclosure: No positions.

Comments

[tobi:]

In Goldman we trust

2009 Jul 24 05:00 PM

[boisterousbob:]

A very interesting historical perspective, thankyou!

2009 Jul 25 12:05 AM