Hot Chart: A Nasdaq Streak for the Record Books

My friend Jon Krinsky continues to crank out great weekly pieces at his new perch as Managing Director for Baycrest Partners… The Nasdaq 100 has closed above its 200 DMA for 516 consecutive trading days. That is by far the longest streak since the index began in 1985. Of course, the magnitude of the advance (~68%) pales in comparison to the advances in the late 90’s, but the duration and steadiness is certainly qu...

source http://thereformedbroker.com/2018/07/23/hot-chart-a-nasdaq-streak-for-the-record-books/