The Dow Jones Industrial Average, also known as “the Dow,” has been on a tear lately.
As the consecutive green candlestick bars on the chart above shows, the Dow rose for 13 days in a row this month, finally ending the winning streak on Wednesday. That tied 1987 as the longest winning steak in the past century.
While rare and historic, this is mostly just a fun little fact rather than an actionable signal for investors. During the 13-day stretch, the Dow gained about 5.3%. Not bad, but not all that momentous for a 13-day thrust.
With that said, however, it does deserve some recognition, given it’s happening during a period in which we’ve seen quite a bit of indicator improvement. Compared to last year, the weight of the indicator evidence now leans far more bullish. And after the Dow’s 13-day winning streak, the index is just about 3.5% away from all-time highs. That’s nothing to scoff at.
This is intended for informational purposes only and should not be used as the primary basis for an investment decision. Consult an advisor for your personal situation.
Indices mentioned are unmanaged, do not incur fees, and cannot be invested into directly.
Past performance does not guarantee future results.