For data buffs: Stephen Suttmeier of BAML points put that this is the 5th-longest S&P 500 streak above the 200-day MA going back to 1928.
“The S&P 500 Index moved above its 200-day moving average on November 19, 2012 and has not closed below it on a daily basis for 21 months. The record is 30 months between 11/25/1953 and 5/23/1956.
The last time we had a streak of 21 months was between 7/27/1950 and 4/30/1952, which coincided with the S&P 500 secular bull market breakout in 1950. The current streak is part of the secular bull market breakout in April 2013. This 21-month streak for the S&P 500 above its 200-day moving average is another similarity between the current secular breakout and the secular breakout from 1950.”
Source: MLPF&S
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