March 12, 2010

SPY`s Up 10 Days In A Row. Is This An Apotheotic Top In Stocks?


The SPDR S&P 500 ETF (Public, NYSE:SPY) is up for 10 days in a row. Bepsoke picked up on that and found that the only 10 days winning streak in the history of the S&P 500 ETF tracker happened in 1995:

"While the S&P 500 is up in nine of the last ten days, the ETF that tracks the index (SPY) is now up ten days in a row. Since SPY started trading back in 1993, there has only been one other period where the ETF was up more than ten straight days. That streak came in September 1995, when SPY had twelve straight up days in a row." in Bespoke

Is this the apotheotic top of the stock market?

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