Nasdaq Seven Day Winning Streaks

jamesmith

Nasdaq Seven Day Winning Streaks
WEDNESDAY, JULY 6, 2011 AT 04:46PM

The Nasdaq has now finished higher for each of the last seven trading days.  While the streak may sound impressive, it is actually relatively common.  Since 1971 there have been 125 prior streaks where the Nasdaq closed up at least seven days in a row.  In fact, there have been 29 streaks of ten or more days, and the longest streak in the index's history is 19 days back in 1979.  

In the table below, we have listed all of the seven day winning streaks since 2000, along with the index's performance on the following day, week, and month.  Looking just at the streaks since 2000, the Nasdaq has averaged a decline of 0.3% on day eight with positive returns just over a third of the time (35.3%), which is below the average for all trading days since 1971.  Over the following week and month the average returns improve to the point that in the month following the seventh day of a winning streak, the Nasdaq averages a gain of 1.6% with positive returns 64.7% of the time.  This is certainly better than the average one month return for all periods since 1971 (0.8% and positive returns 59.8% of the time).

For all 125 streaks where the Nasdaq was up seven or more days in a row, the average return of the index on day eight was 0.0% with positive returns 59.5%, so at least based on history, there is a better than 50/50 chance that the index will finish up tomorrow.  Over the next week, the Nasdaq has gained an average of 0.2% with positive returns 58.7% of the time.  Finally, over the following month, the Nasdaq has historically averaged a gain of 1.3% with positive returns 63.5% of the time.

c3456

dbshjb

ysc

cartier

guelder_rose

wyjhyd

Looks good!

n748

hard to use info for trading.

vanmark

就是说下礼拜决定下个月，策略追涨杀跌？

umqasr

Billyboy

outer

永恒罗马

WKN

9号胡同

RedCedar

Thanks Jamesmith!