Energy Stocks Down 5 Days in a Row

Energy Stocks Down 5 Days In A Row

The S&P 500 Energy sector has declined 9.3% over the last 5 trading days and closed the day lower every day.  Below we highlight prior times where the S&P 500 Energy sector has had a 5-day losing streak in the last ten years.  Following these losing streaks, the average return for the sector has been 0.43% on day six and 0.45% over the next week.  As shown in gray shading, the sector has closed higher on day six the last seven times it has had a 5-day losing streak.

Comments

[NOWHEREMAN:]

Like I said before, All stocks are taking their respective lumps but Oil stocks can be sold repetitively because they rebound after each round of selling. All of the ravaged Financials are raising money and getting ready for the "mark to Market" fiasco that will be the Hallmark of 2008.

2008 Jul 11 09:32 AM