Come On Dow, You Can Do It!

The way things have been moving on a minute to minute basis, nothing is guaranteed in this market, but the way things stand now, the Dow is on pace to break its streak of days without back to back daily gains at 32 trading days. That’s right, not since February 6th have we seen the Dow finish the day in positive territory for more than a day at a time. Looking back throughout history, there have only been a handful of other periods where the DJIA went this long or longer without two up days in a row. The last occurrence was all the way back in 1984, and before that, you have to go back to 1969. Other than those two streaks, there were also two other periods in 1931 where the DJIA went more than 30 trading days without back to back gains. While the current streak ranks as tied for the fourth-longest on record, if the DJIA isn’t able to hold onto its intraday gains today, the current streak will extend out to a minimum of at least two trading days and that would move the current streak into second place overall. 

 

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