Stocks Poised For A Rise?

[Stocks-to-Watch]

A bullish mood has prevailed on the Street for a number of months, with few serious challenges, until yesterday, when the S&P 500 (SPX) had its first 2%+ decline since August 11th.

Yet today might be looking up. According to Justin Walters, co-founder of Bespoke Investment Group, following prior big down days during the current bull market, the market rebounded. In a research note, Walters analyzed the 43 trading days that have seen the S&P 500 fall by more than 1.5% since March 9th, 2009. “”The average change for the index on the following day has been +0.51% (median: 0.38%) with positive
returns nearly two-thirds of the time. The S&P has closed higher on the day after the last three big down days.”

This may be poised to hold true again, as futures crept upward before the bell today.



Original Article Source by Barrons.com