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Thursday, August 25, 2016 9:03:13 AM
Almanac Trader: S&P low volatility streak extends to 33 trading days
* August 24, 2016
At the close today, S&P 500 has now gone 33 trading days without exceeding +/– 1.0% on a closing basis. Going back to 1930, a streak of this duration has occurred 56 times including the current run. The longest streak was 166 trading days from March 1, 1963 until October 24, 1963. No such similar streak occurred prior to 1944. With the exception of seven past streaks, S&P 500 was quietly climbing during the extended period of low volatility and the average gain was 3.78%.
However, in the month after the streak ended S&P 500 continued to advance only 50.9% of the time with an average loss of 0.14%. At 3-, 6- and 12-months after the low volatility streak ended S&P 500 was generally back on a positive trajectory with average gains steadily improving as time passed.
http://jeffhirsch.tumblr.com/post/149429295483/sp-low-volatility-streak-extends-to-33-trading
• DiscoverGold
* August 24, 2016
At the close today, S&P 500 has now gone 33 trading days without exceeding +/– 1.0% on a closing basis. Going back to 1930, a streak of this duration has occurred 56 times including the current run. The longest streak was 166 trading days from March 1, 1963 until October 24, 1963. No such similar streak occurred prior to 1944. With the exception of seven past streaks, S&P 500 was quietly climbing during the extended period of low volatility and the average gain was 3.78%.
However, in the month after the streak ended S&P 500 continued to advance only 50.9% of the time with an average loss of 0.14%. At 3-, 6- and 12-months after the low volatility streak ended S&P 500 was generally back on a positive trajectory with average gains steadily improving as time passed.
http://jeffhirsch.tumblr.com/post/149429295483/sp-low-volatility-streak-extends-to-33-trading
• DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
• DiscoverGold
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