Stock Market Rocketing
"Stock Market Rocketing"
in the news Stock Market Rocketing? What this all about..... See below.
Sentiment Trader has been watching the stock market. We have some very cool ideas for investments under trump. But first thing first.....Stocks just keep tiptoeing into record highs....
While Stock Market Rocketing Here are some stats you might want to look at because at the end of the day, we do not know what the stock market will do next, but we can work off pre-existing data to see what COULD happen in the future! Here are sentiment trader we love to do that sort of thing.
STATS : Despite the flurry of record highs on Thursday, the big three major U.S. averages haven't seen a 1 percent move — either up or down — in more than two months.
Neither Nasdaq composite, nor S&P 500, nor the Dow Jones industrial average has seen a 1 percent move in either direction since Dec. 7. If there are no 1 percent moves in Thursday's session, it will mark the 43rd straight session without a 1 percent move for all three indexes.
That would be the longest such streak for the Nasdaq since the 73-session streak that happened between June and October in 1989.
The S&P 500's current streak would match that of late summer in 2016. If the S&P 500 doesn't have a 1 percent move Thursday or Friday, it will mark its longest streak since the 62-session pattern from April through July in 2014. This is quite interesting.
Meanwhile, the Dow is having its longest such streak since the 52-session run in the summer of 2014.
Since the current streaks started in December, the Dow and S&P 500 are up 3 percent, while the Nasdaq is up 6 percent. Here is a chart of the nasdaq, but is it a FAKEOUT or BREAKOUT!
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