$DJI Momentum a Potential Positive for Intermediate-Term

Monday was the 7th day in a row that the DJI closed higher. This triggered a study from the Quantifinder that looked at performance after 7-day win streaks in the Dow Industrials since 1980. I’ve updated the stats table below.

DJI after 7 consecutive up days above the 200ma

There is not much of an edge over the 1st few days. But once you get out a little further, the stats appear solidly bullish. The 16-19 day returns show a very high win %. Momentum tends to carry, and this study is just a simple example of that concept. Traders may want to keep it in mind as one factor when determining their intermediate-term market bias.

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