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.
Hi, Whats the symbol for SPX and VIX in Tradestation?
ReplyDeleteThanks 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.
ReplyDeletePlease may you confirm this?
Thanks,
Marc Garrigasait
Tatitrader -
ReplyDelete$SPX.X and $VIX.X
Marc -
Overlapping instances are not considered in this study. The signal came on 10/18/11.
Best,
Rob