Data &
Technology
Research
Reports
Report Solutions
Reports Library
Actionable
Strategies
Free
Resources
Simple Backtest Calculator
Simple Seasonality Calculator
The Kelly Criterion Calculator
Sentiment Geo Map
Public Research Reports
Free Webinar
Pricing
Company
About
Meet Our Team
In the News
Testimonials
Client Success Stories
Contact
Log inLoginSign up
< BACK TO ALL REPORTS

A 40-Year Record Super Trend for the Most Important Index

Jason Goepfert
2021-08-19
The Dow Industrials and S&P 500 have been well above their 200 day moving averages for nearly 200 sessions.

This has been a year for the record books, as we've seen from several different perspectives lately. We can add to that the length of super-strong trends in both the S&P 500 and Dow Industrials.

The S&P has been more than 8% above its 200-day moving average since last fall.

S&P 500 more than 8% above 200 day average

At nearly 200 consecutive trading days this far above trend, the current streak ranks among the best in the S&P's history and the longest in 40 years.

The Dow hasn't been quite as strong, holding "only" 6% above its long-term moving average. Even the momentum market of 2017 couldn't match this. This ranks among the longest super-strong trends in 120 years.


What else we're looking at

  • Full returns in the S&P 500 after the current length of a super-strong trend
  • How the Dow performed after a streak like its current run
  • Why this year's drawdown in the S&P 500 has few precedents
  • An in-depth view of leading economic indicators around the world and what it says about future returns
  • One country's performance after moves in central bank rates

Stat box

On Wednesday, the S&P 500 fund, SPY, lost more than 1%. Of the 10 other times it suffered a 1% or greater loss in 2021, it showed a positive return by 10 days later every time, averaging 3.7%, so traders should watch for a change in character with the latest one.

Etcetera

Rising rates. Among emerging market countries, Dean shows that 39% of them now have central banks that have increased their target interest rate.

Sugar high. Our Optimism Index on sugar is among the highest of any commodity. Over the past year, readings of 80% or higher have not been kind to the contract.

sugar optimism sentiment

Major spike in Junior pessimism. Twitter users had 6 times more negative things to say than positive things on junior gold mining stocks this week.

junior gold miner social sentiment twitter

DATA &
TECHnologies
IndicatorEdge
‍
BackTestEdge
‍
Other Tools
‍
DataEdge API
RESEARCH
reports
Research Solution
‍
Reports Library
‍
actionable
Strategies
Trading Strategies
‍
Smart Stock Scanner
‍
FREE
RESOUrCES
Simple Backtest
Calculator
Simple Seasonality
Calculator
The Kelly Criterion
Calculator
Sentiment Geo Map
‍
Public Research Reports
‍
Free Webinar
COMPANY
‍
About
‍
Meet our Team
‍
In the News
‍
Testimonials
‍
Client Success Stories
Pricing
Bundle pricing
‍
Announcements
‍
FAQ
© 2024 Sundial Capital Research Inc. All rights reserved.
Setsail Marketing
TermsPrivacyAffiliate Program
Risk Disclosure: Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

Hypothetical Performance Disclosure: Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.

Testimonial Disclosure: Testimonials appearing on this website may not be representative of other clients or customers and is not a guarantee of future performance or success.