Q: What is the performance of S&P 500 Index (SPX) over the next 100 trading days when SPX is up more than 1% and on the same day gold futures (GC) is down more than 2.5%; omitting any repeat occurrences within 10 trading days?
A: SPX has shown a strong bullish edge that peaks 100 trading days after the event.
SPX rallies in 100% of the cases (23 of 23) by an average of 11.6% relative to the close on the event date. The overall return of the 23 cases is 11.6%, which, based on the close of SPX on the event date (1329.51), provides a target price of 1483.73 on Tuesday, Aug. 12, 2008.
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HYPERLINK "http://www.markethistory.com/staff/detail.html?s=travis" Travis Nadelhoffer is an analyst with MarketHistory.com and an account representative with Logical Information Machines.
