Apr

21

Very bullish

April 21, 2024 |

very bullish when S&P is down 7 days in a row - only occurred 5 times since 1996, expectation in 2 days is +39 big. 6 20-day minimums in a row, happened 7 times since 1996, expectation in 4 days 100% up, mean gain 45 big.

Hernan Avella agrees:

I imagine the 2 or 3 fellow specs that still trade a significant size in this list are already loaded up with enough spu, because one expects fireworks next week.

From the department of non predictive studies: Choose your favorite trend indicator, or better yet, create an ensemble of trend indicators. Choose a measure of persistence of extreme readings (intensity and duration). Look back in history what happens after your signal gets triggered, look at different time frames.

I get 12 signals since 1980: 1985, 1987, 1991, 1994, 2001, 2007, 2008, 2009, 2011 and 2022.

Good luck next week.

Larry Williams comments:

We have only seen 6 down days in a row here in S&P 500 and not that in the Dow.

Big Al suggests:

Regarding the Dow vs S&P divergence, a relevant comparison below. INTC is the only shared component.

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