Are the Odds in Tech's Favor?

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

The Nasdaq and the S&P 500 Technology sector have gone up each of the last six days. Interestingly, over the last five years, when the Nasdaq has been up six days in a row, it has gone up on the seventh day 72.7% of the time. The Technology sector has gone up on day seven even more often at 91.7%. On the other hand, the S&P 500 and the Dow 30 have gone up four days in a row, and the odds of them going up on day five are much smaller.