Back to Back to Back 100 Point Advances

Includes: DIA, DOG, SDOW
by: Bespoke Investment Group

Yesterday's 100 point advance in the DJIA was the third straight day in a row where the index posted triple digit advances, over which time the index has rallied 4%. As shown in the table below, there have been seven prior occurrences where the index posted three straight triple digit advances. Based on those prior occurrences the Dow has averaged a decline of 0.44% the following day and a decline of 1.17% over the next week. The index posted gains in three out of seven of the day and week periods.