Can we make it a week straight?
With Thursday's follow-through, the Dow Industrials managed to log its 4th straight session with a 1% or greater gain. Going back to 1896, it's managed to string together 4 straight big up days only 19 other times. In recent decades, it led to some shorter-term weakness except for once, but the overall bias was positive over the medium-term. Many of these triggered in deep bear markets. When the Dow was within 5% of a 52-week high, there were only 5 precedents, all of which enjoyed higher prices over the next 1-2 months.


