Browse Stacks: Analytics: Momentum: $VIX$SPY.png

$VIX$SPY.png

If $SPX closes this coming week below the 200sma, it will be the first time since Jun '16. But is that a short-term bearish signal? Here's a chart showing the 14x since 1950 that SPX closed below the 200d for the first time in at least a year. 

The average draw down over the next 5 trading days was -2.4%, but only 3 of the events saw a draw down of more than -3%. 

The average 5-day return was -0.3% but 8 of the 14 events were positive five days later. The average was skewed by 2 events ('98 -5.8% and '94 -4.7%). 

The average draw down over the next 5 trading days was -2.4%, but only 3 of the events saw a draw down of more than -3%. 

The average 5-day return was -0.3% but 8 of the 14 events were positive five days later. The average was skewed by 2 events ('98 -5.8% and '94 -4.7%). The average draw down over the next 5 trading days was -2.4%, but only 3 of the events saw a draw down of more than -3%. The average 5-day return was -0.3% but 8 of the 14 events were positive five days later. The average wa

Comments

MississippiManMississippiMan
Maybe 15 years from now someone will be saying skewed by 3 events ( '98 -5.8%, '94 -4.7%, and '18 -7%). *wink* 3/24/18
Orwell (Director)Orwell (Director)
Im still trying to get my head around what year it’s supposed to be 
I thought Tim said it’s 1929 3/24/18
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