After a 4%+ rally on Friday, the S&P 500 Energy sector picked up right where it left off and surged another 3%+ today. This 2-day rally has left the sector back above its 50-day moving average — breaking a streak of 92 trading days below the 50-DMA.
The streak of 92 trading days below the 50-day moving average that the Energy sector just broke today was actually the second longest streak of its kind over the last 25 years! So now that the sector has moved back above its 50-DMA trend line, has a bottom finally been made? We just sent Bespoke Premium clients a report looking at similar streaks by the Energy sector to see how performance looks in the weeks and months after the streak is broken. You can view this report for free by signing up for a 10-day free trial to Bespoke Premium. A 10-day trial will also allow you to see everything else that our subscription members receive on a daily basis. We think you’ll be impressed! Sign up is quick and easy at our Subscribe page, where you can enter “thinkbig” in the coupon code section to receive a 10% discount for the life of your membership. Click here to head there now.