The recent strength in the market, especially in the small caps, is something we have not seen since 2003. This momentum bodes well for the market in the coming weeks. As the data table shows, when the market momentum has been this strong in the past, the index was higher 90% of the time two weeks later and 70% of the time one month later.
| Russell 2000 Performance After Being Up 16/18 Days |
| And Reaching A New 52-Week High (1979-2010) |
| Date |
| 1 Week | 2 Weeks | 1 Month | 3 Months | 6 Months | 1 Year |
| Later | Later | Later | Later | Later | Later |
| 1/18/1980 |
| 1.70% | 3.30% | 2.30% | -17.30% | 6.40% | 27.60% |
| 6/1/1981 |
| -0.80% | 0.50% | -2.60% | -11.70% | -11.70% | -20.50% |
| 7/17/1985 |
| -0.30% | -1.20% | -2.90% | -6.50% | 6.30% | 17.10% |
| 2/18/1986 |
| 0.90% | 3.20% | 6.00% | 8.90% | 4.10% | 17.70% |
| 2/3/1989 |
| -0.40% | 0.90% | 1.20% | 6.40% | 12.60% | 0.20% |
| 1/18/1994 |
| -0.10% | 1.60% | 1.40% | -6.40% | -7.10% | -3.80% |
| 6/22/1995 |
| -1.20% | 1.80% | 3.20% | 10.30% | 8.60% | 21.00% |
| 2/8/1996 |
| 0.10% | 1.70% | 0.50% | 8.50% | 2.10% | 14.00% |
| 9/18/1997 |
| 0.30% | 2.30% | 0.60% | -4.50% | 6.20% | -18.60% |
| 9/3/2003 |
| -1.80% | 0.90% | -1.50% | 8.40% | 17.20% | 9.60% |
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| Average |
| -0.20% | 1.50% | 0.80% | -0.40% | 4.50% | 6.40% |
| % Positive |
| 40% | 90% | 70% | 50% | 80% | 70% |
| Any random time... |
| Average |
| 0.40% | 0.60% | 1.40% | 2.10% | 3.60% | 4.40% |
| % Positive |
| 64% | 65% | 69% | 59% | 66% | 65% |
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