The 381-Day Boom: StockTwits
Here's a fact that perfectly depicts the strength of the market: it's been 381 straight days since the S&P 500 closed below its 200-day moving average. That is one of the longest streaks in its history. The record was set in 1998 when the S&P 500 closed above its 200-day moving average for 525 straight days.
It's a remarkable accomplishment, and especially when you reflect on the headline risk that we've seen over the years. From the crisis in Cyprus to the current conflict in Ukraine, the stock market has continued to rise.
On StockTwits, an intriguing chart discusses just this. It shows each of the longest streaks over the last 20 years when the S&P 500 closed above its 200-day moving average.
Over/Under - $SPX goes 400 trading days before dropping back below the 200-day SMA? http://stks.co/s0Koo ? John Kicklighter (@johnkicklighter) May. 16 at 02:51 PMWhen do you think this streak will come to an end? If you enjoyed this article, follow the author on Twitter and StockTwits. At the time of publication, the author held no positions in any of the stocks mentioned. This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.