BDC is a company started in 1902, and if I'm reading the finviz description right they now operate in the cybersecurity space?! as part of a cable/satellite equipment business. Recently had a golden cross too.
Telecommunications seem strong, looking at FCOM's chart although it is a thin ETF. Makes WIFI look tempting here
Telecom (dark red) and Industrials (orange) starting to look like pack leaders.... Tech (blue) getting hammered today, and Healthcare (pink) finally taking a breath
haha yeah, nice stick save there mr. market the streak is still alive now @ 71 consecutive trading days without a +/-1% daily close, 3rd longest in history. still have a way's to go to match or break last year's 94 day streak though
oh and another interesting stat i just came across this evening is the SPX streak without a -1% decline (on a closing basis). since we failed to close -1% down today, that makes this current streak rank as the 3rd longest of the entire bull market run still have some work to do to match or break that 112 day run w/o a -1% decline that ended earlier this year. here is a chart below that shows all of the SPX streaks without a -1% decline in the index's history. there have actually been 24 streaks that lasted longer than the current one with most of those coming in the 1950s and 60s. the longest streak ever was in nov. of 1963 at 174 trading days. (holy shit! ) that's over 100 more trading days to get even close to that record lol.
one more post (sorry) i'd be hella surprised if we go this entire month without having any +/-1% daily closes all month consider that this month of october is actually ranked as the most volatile month of the full year for the spx, which see's the most 1% daily closes (by far) than any other month
whelp, ready or not here comes earnings season next week kicks it off with some of the banks reporting at the end of the week here is the full earnings calendar for this month for anyone who might have missed it the other day
looks like this may get "tested" again today SPX currently -1.01% but still 3 hours left in the trading day
Technology getting hit once again. While the headlines are blaming higher rates for the selloff, utilities, real estates, and staples are actually outperforming while banks are down too It feels like more a risk off day XHB (Homebuilders ETF) are Down once again I think CNBC saying that it is down several days in a row. Homebuilders stocks most likely will struggle if rates continue to move up. Even home improvement stocks like HD and LOW are struggling lately too
yeah, i had mentioned that on post #70 here (i guess you missed that ) that's down for 13 straight days, which is the longest string of daily red candles that i can find on the daily chart on the XHB (which means this is a record long losing streak )
Haha my bad Cy Now I have time to check what you posted earlier today. Yeah a 13 day losing streak is pretty amazing
Maybe I spoke too soon again on the NASDAQ losing more than 1% for 2 day in a row too Still down more than 1% but it is well off the lows along with other major indexes
haha, that's a nice bounce off the lows here personally i kinda like to see us close less than 1% on the spx today, because i'd like to see last year's 94-day run w/o a 1% daily close get challenged ... might be wishful thinking on my part though since this month of october is the most volatile year for the spx that see's the most 1% daily closes of the full year as i had mentioned last night here on post #67. it would be really something amazing if we did not see a 1% close (up or down) this entire month. i don't believe that has ever happened before either
At least right now it seems like the less than 1% streak will be safe for the SPX (down 0.58% as of now) , hopefully I don’t speak too soon again
