• Study of the Week: What Do Johnson & Johnson (JNJ), Tuesday, And Cal Ripken Jr. All Have In Common?

    by  • May 13, 2013 2:47 pm • Breaking News, Study of the Week • 0 Comments

    We’ve had a tremendous rally since November.  In fact, some all-time records are falling – here are two you might find interesting.

    Drug giant JNJ is up an incredible 19 weeks in a row.  This is a record for any stock since 1990.  It was tied with Home Deport (HD) until it was able to gain a penny last week and move into first place all by itself.  Cal Ripken Jr. and his streak of 2,632 straight games has nothing on JNJ.

    Now for a really fun record, Tuesday is up a record 17 times in a row on the Dow.  It was down the first Tuesday of the year and has been green every single time since!  This is the all-time record for Tuesday since 1900.

    The big question now is can Tuesday keep it going?  The all-time daily win streak for any day is Wednesday, with its streak of 24 in a row from June to November 1968.

    About

    Ryan Detrick is the Senior Technical Strategist at Schaeffer's Investment Research in Cincinnati, Ohio. He joined Schaeffer’s in 2003 and is a frequent speaker and writer on stock market and economic issues and is widely sought after by financial media for his expertise and commentary. Mr. Detrick is a common guest on CNBC, Fox Business, and Bloomberg Television and has been quoted in outlets such as The Wall Street Journal, BusinessWeek, USA Today, Reuters, the Associated Press, and others. With a decade of financial industry experience in the investment and financial services area, strengths include short-term trading with an eye toward timely technical- and sentiment-based trading opportunities, and advanced option trading strategies. Mr. Detrick received a BA in finance from Xavier University, an MBA in finance from Miami University, and has earned his Chartered Market Technician (CMT).

    http://schaefferstradingfloor.com/

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