Subscription details

Subscribe to RipeTrade, details here!

Sunday, June 12, 2011

6 consecutive lower weekly closes

All the major indices S&P, NDX, DJIA have made 6 consecutive lower closes over the past 6 weeks. Historically the indices have had mixed results in the proceeding 1,2, and 3 weeks after this occurrence. The S&P has returned on average 1.79%, 2 weeks after this occurrence, as a comparison the S&P has moved .47 % over all other 2 week periods. However the NDX and DJIA have under performed a typical 2 week period , with the NDX losing -4.5% in 2 weeks after this 6 down weeks setup vs. a .75% increase for all other periods and the DJIA gaining .09% vs. a gain of .4% for all other 2 week periods.

Check out our stock and index trading strategies here!

0 comments: