Heading into today, the S&P 500 Consumer Discretionary, Technology, and Energy sectors were on 8-day winning streaks. Today only the Energy sector is trading higher, and as shown below, this would be the 9th 9-day winning streak for the sector since 1989. On day 10 following these 9-day winning streaks, the index has only been up once.
Two stocks in the Dow are also on big winning streaks. Intel (INTC) is on a 10-day winning streak, and Exxon Mobil (XOM) is on a 9-day winning streak. Intel has only been up 10 days in a row 4 other times in its history, and it has gone on to post gains on day 11 50% of the time. Exxon has only been up 9 days in a row 3 other times in its history, and it has gone down on day 10 67% of the time.
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