Front Running All Time High Closings on $SPY

 Front Running All Time High Closings on $SPY

All Time High

Mind you other than Chuck Norris , no one knows in advance in advance , whether $SPY is going to close at All Time High , on closing basis or not , but thought will let you know not get too excited about it ..

below the $SPY returns when $SPY closes at All Time High , since Y2K

  • Total Instances  : 201
  • Average Change % : 0.48
  • Median Change % : 0.40
  • Maximum Gain % : 2.56

vs

$SPY returns when $SPY closes up , but not at all time high , since Y2K

  • Total Instances : 1887
  • Average Change % : 0.85
  • Median Change % : 0.58
  • Maximum Gain % : 14.51

point is $SPY returns are much higher , on other non-all-time-high closing up days than All-Time-High closing days .

what about the odds for an 1% ++ up day on $SPY ??

$SPY closed with 1% ++ gains , 19 / 201 ( 9.5%) times , when it closed at ATH

vs

$SPY closed with 1% ++ gains , 557/1887 ( 29.5%) times , when it closed higher but not at ATH .

conclusion –  don’t get too excited, about the humongous returns  , if your bet is $SPY is going to close at ATH either today or on any other other day ..

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