S&P 500 Stays Near Highs Long Enough to Signal More Gains: Chart

Why Deutsche Bank's Binky Chadha Is Bullish on Equities

The S&P 500 Index hung around its peaks for long enough to point toward further gains once the streak concludes, Dana Lyons, a partner at J. Lyons Fund Management Inc., wrote in a blog posting Wednesday. For the last 39 trading days, the index’s closing levels were less than 1 percent from its 52-week high. There were 14 previous streaks of 30 days or more since 1950, according to data cited in the posting -- and on average, the S&P 500 recouped the loss on the day they ended within a month.

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