Dow, Nasdaq Down Five Straight Days: Odds Favor Gains Today

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 |  Includes: DIA, IVV, QQQ, SPY
by: Bespoke Investment Group

Hickey and Walters (Bespoke) submit: Looking at the trading patterns of the major sectors over the last four years, we found that when the Financials sector has been down five days in a row (as it is now), it has been up the following day 83% of the time. Conversely, when the Materials sector has been down five days in a row, it has been up the following day just 30% of the time.

Below we provide the current winning and losing streaks of the S&P 500, Dow 30, Nasdaq and ten S&P 500 sectors.

market streaks