With yet another 1%+ day, the major market indices hit all-time highs, and a 6-day winning streak (”sixer” for cricket fans). Here are the statistics for the day:
|52-week Highs - Average Volume Multiple||1.55|
|52-week Lows - Average Volume Multiple||3.05|
The A/D ratio & TRIN both improved today, along with the number of 52-week highs. Again, large-caps and index constituents feature prominently among the yearly high list. The only concern is the signifantly higher “volume multiple” for the 52-week lows. However, this is mainly on account of the heavy distribution in IVRCL.
As for the 6-day bullish streak, there have been 21 of those since 1995 and only 7 since Jan ‘03. The average next-day change was -0.4%, with std-dev of 0.73%. One more up day and we’ll be in rare territory!