S&P 500 Energy Sector Up 8 Days in a Row

Source:

"When the sector has been up 8 days in a row. . .it has actually gone up on the 9th day 70% of the time."

Monday we highlighted that the S&P 500 Energy sector was on a 7-day winning streak, and that the odds for an up or down day on day 8 were about 50/50. When the sector has been up 8 days in a row, however, it has actually gone up on the 9th day 70% of the time for an average change of 0.22%.

Historically, the sector has typically done better on the day following an 8-day winning streak than the day following a 7-day winning streak.

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