These results are very compelling. 100% winners (16 for 16) and the average instance closed up 5.8% when looking out 50 days. This appears to be a nice piece of evidence for the bull case.
Wednesday, March 14, 2012
A Compelling Sign Of Intermediate-Term Strength
Yesterday’s move to new highs was accompanied by very strong breadth. The Up Volume % on the NYSE came in at 91%. It is fairly unusual to see such strong breadth occur when the market is hitting an intermediate-term high. The results below show all non-overlapping instances of a 50-day SPX high with greater than 90% upside volume since 1970.
These results are very compelling. 100% winners (16 for 16) and the average instance closed up 5.8% when looking out 50 days. This appears to be a nice piece of evidence for the bull case.
These results are very compelling. 100% winners (16 for 16) and the average instance closed up 5.8% when looking out 50 days. This appears to be a nice piece of evidence for the bull case.
Subscribe to:
Post Comments (Atom)
3 comments:
Hi, Whats the symbol for SPX and VIX in Tradestation?
Thanks for your help and great work,
Tania
Interesting post, but I'm not sure that last 27th october 90% up volume confirms this. I think after 50 day the market goes down.
Please may you confirm this?
Thanks,
Marc Garrigasait
Tatitrader -
$SPX.X and $VIX.X
Marc -
Overlapping instances are not considered in this study. The signal came on 10/18/11.
Best,
Rob
Post a Comment