SOX Working on a Second NR10 Day
By
Rennie on Wednesday, November 18th, 2009 at 1:26 pm
Interesting to note that if the Semiconductor Index (SOX) holds above 319.61 today, it will form a second consecutive NR10 bar, which would mean that for the second day in a row, the intraday range for the SOX has been the narrowest of the last ten sessions. Historically, back-to-back NR10 bars often means a big move is right around the corner. The last thirty times that the SOX index posted two consecutive NR10 days are listed in the table below, along with the performance of the SOX over the following two sessions. Note that in 22 out of 30 cases, or 73% of the time, the SOX gained or lost 2% or more over the next two sessions. That’s significantly higher than the 37% at-any-time odds for an absolute move of 2%+ over the next two days.
Back-to-back NR10 Days for the Semiconductor Index (SOX)
06/19/09… SOX -4.1% two sessions later
12/26/08… SOX +4.6% two sessions later
10/20/08… SOX -9.9% two sessions later
05/29/08… SOX +0.6% two sessions later
01/30/08… SOX +5.8% two sessions later
12/26/07… SOX -2.0% two sessions later
09/14/07… SOX +2.3% two sessions later
05/29/07… SOX +1.1% two sessions later
01/30/07… SOX +0.4% two sessions later
12/28/06… SOX -0.8% two sessions later
06/26/06… SOX -4.3% two sessions later
02/27/06… SOX +3.5% two sessions later
02/16/06… SOX -4.1% two sessions later
06/22/05… SOX -1.5% two sessions later
02/02/05… SOX +3.0% two sessions later
12/13/04… SOX +2.1% two sessions later
11/26/04… SOX -1.7% two sessions later
08/27/04… SOX -3.0% two sessions later
08/10/04… SOX -7.1% two sessions later
05/21/04… SOX +3.7% two sessions later
12/26/03… SOX +2.2% two sessions later
12/22/03… SOX +1.4% two sessions later
06/30/03… SOX +4.3% two sessions later
02/04/03… SOX -1.4% two sessions later
11/18/02… SOX +5.8% two sessions later
08/12/02… SOX +3.2% two sessions later
07/19/02… SOX -6.8% two sessions later
07/30/01… SOX +5.1% two sessions later
05/02/01… SOX -4.6% two sessions later
04/26/01… SOX +8.3% two sessions later
SOX Working on a Second NR10 Day
By Rennie on Wednesday, November 18th, 2009 at 1:26 pmInteresting to note that if the Semiconductor Index (SOX) holds above 319.61 today, it will form a second consecutive NR10 bar, which would mean that for the second day in a row, the intraday range for the SOX has been the narrowest of the last ten sessions. Historically, back-to-back NR10 bars often means a big move is right around the corner. The last thirty times that the SOX index posted two consecutive NR10 days are listed in the table below, along with the performance of the SOX over the following two sessions. Note that in 22 out of 30 cases, or 73% of the time, the SOX gained or lost 2% or more over the next two sessions. That’s significantly higher than the 37% at-any-time odds for an absolute move of 2%+ over the next two days.
Back-to-back NR10 Days for the Semiconductor Index (SOX)
06/19/09… SOX -4.1% two sessions later
12/26/08… SOX +4.6% two sessions later
10/20/08… SOX -9.9% two sessions later
05/29/08… SOX +0.6% two sessions later
01/30/08… SOX +5.8% two sessions later
12/26/07… SOX -2.0% two sessions later
09/14/07… SOX +2.3% two sessions later
05/29/07… SOX +1.1% two sessions later
01/30/07… SOX +0.4% two sessions later
12/28/06… SOX -0.8% two sessions later
06/26/06… SOX -4.3% two sessions later
02/27/06… SOX +3.5% two sessions later
02/16/06… SOX -4.1% two sessions later
06/22/05… SOX -1.5% two sessions later
02/02/05… SOX +3.0% two sessions later
12/13/04… SOX +2.1% two sessions later
11/26/04… SOX -1.7% two sessions later
08/27/04… SOX -3.0% two sessions later
08/10/04… SOX -7.1% two sessions later
05/21/04… SOX +3.7% two sessions later
12/26/03… SOX +2.2% two sessions later
12/22/03… SOX +1.4% two sessions later
06/30/03… SOX +4.3% two sessions later
02/04/03… SOX -1.4% two sessions later
11/18/02… SOX +5.8% two sessions later
08/12/02… SOX +3.2% two sessions later
07/19/02… SOX -6.8% two sessions later
07/30/01… SOX +5.1% two sessions later
05/02/01… SOX -4.6% two sessions later
04/26/01… SOX +8.3% two sessions later