Earlier this week, we noted the fact that the S&P 500 was just shy of setting a record for the most occurrences where the index’s closing price crossed its 50-day moving average in a given year.  In a testament to just how flat the market has been of late, the S&P 500 managed to cross its 50-day moving average on three of the five trading days this week.  That brings the total number of crosses so far this year up to a record 33, and there are still 22 weeks left!  While there were several crosses of the 50-day moving average this week, following the declines on Thursday and Friday, the S&P 500 is now about 1.5% below its 50-day, so we are going to see a pretty significant rally before we get to number 34.

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