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S&P 500's Historic Winning Streak 📈
Ryan Serkes
May 05, 2025
The
Daily Trade
Hey Daily Traders,
The S&P 500 has reached a remarkable milestone, achieving its longest winning streak since 2004, thanks to positive trade talks between the US and China and a robust jobs report. This rally not only erased recent losses from tariff announcements but also signaled investor optimism amidst trade uncertainties and economic indicators.
Meanwhile, in the oil sector, major companies like Exxon Mobil and Chevron are revealing divergent strategies in response to market challenges. As Exxon benefits from increased production, Chevron's strategy shifts with asset sales and strategic acquisitions, underscoring the industry's adaptive nature in the face of fluctuating market dynamics and geopolitical influences.
Here's what's happening today:
Question
With the S&P 500 on its longest winning streak since 2004, do you think this rally will continue, or are we due for a market correction soon?
Reply to this email with your answer
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Stock Market  The S&P 500 has reached a milestone by achieving its longest winning streak since 2004, driven by positive trade talks between the US and China and a strong jobs report. The index rose for the ninth consecutive day, a feat not seen in 20 years, as the Dow and Nasdaq also posted significant gains. This rally helped erase the losses incurred after President Trump's announcement of new tariffs earlier in the month. The market was further buoyed by better-than-expected employment data, suggesting a robust labor market despite ongoing trade uncertainties. Investors are cautiously optimistic, with the potential for trade negotiations to further impact market dynamics. While the strong jobs data has temporarily eased recession fears, the focus remains on trade developments and economic indicators in the coming months. The Federal Reserve's decision on interest rates is also under scrutiny, as traders adjust their expectations in light of the recent economic performance. Overall, the market's upward trajectory reflects a combination of easing trade tensions and resilient economic fundamentals. Key Takeaway
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Stock Market  Recent earnings reports from major oil companies have highlighted a split in strategies as they navigate a downturn caused by falling oil prices. Exxon Mobil and Shell have maintained their share buyback programs, while Chevron and BP have announced reductions. Exxon has benefited from increased production in profitable areas like the Permian Basin and Guyana, while Chevron's production remained flat due to asset sales. The differences in strategy reflect each company's position in their business cycle and their approach to handling market volatility. Exxon's focus on reducing operating costs and maintaining a strong balance sheet has positioned it well in the uncertain market. In contrast, Chevron's decision to cut buybacks is a response to current market conditions. The company's efforts to acquire Hess's stake in the Guyana oilfield indicate a strategic move to strengthen its position. The contrasting approaches among these oil giants underscore the challenges and opportunities within the industry as they adapt to fluctuating market dynamics and geopolitical influences. Key Takeaway
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Real Estate  In the aftermath of devastating wildfires that destroyed thousands of homes in Los Angeles, residents are beginning the long process of rebuilding. Communities in areas like Pacific Palisades and Malibu are clearing debris and seeking permits to reconstruct their homes. The rebuilding process is complex and time-consuming, with many homeowners facing financial challenges, even with insurance coverage. The fires, which burned 17,000 structures, have left many uncertain about the safety of returning due to potential toxins in the environment. Despite these challenges, some residents are determined to rebuild and restore their communities. The process involves navigating bureaucratic hurdles and securing permits, which can take years. The rebuilding efforts are seen as a testament to the resilience and determination of those affected. However, the road to recovery is long, and the community must continue to support each other as they work towards rebuilding their homes and lives. Key Takeaway
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Crypto MoneyGram has launched MoneyGram Ramps, a developer-centric API designed to simplify cash-to-crypto and crypto-to-cash transactions. This new integration allows wallets, exchanges, and fintech apps to connect with MoneyGram's global cash network, offering seamless crypto on/off-ramp functionality. By reducing development time and maintaining compliance standards, MoneyGram Ramps aims to bridge the gap between traditional finance and the digital economy, making it easier for developers to create financial tools accessible to a broader audience. The introduction of MoneyGram Ramps represents a significant step in the company's transformation, addressing a critical market need for connecting physical and digital currencies. With its global reach, MoneyGram is poised to become a key player in the evolving crypto landscape. This development not only enhances the accessibility of digital currencies but also opens new growth opportunities for MoneyGram and its partners, ultimately advancing the adoption of cryptocurrency in everyday transactions. Key Takeaway
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Stock Market  Mississippi is set to become the 10th state to eliminate its state income tax, a move celebrated by Governor Tate Reeves as a catalyst for economic growth. The plan, which gradually reduces the tax rate to zero by 2030, aims to make Mississippi more competitive with neighboring states that have already eliminated income taxes. The state has seen significant capital investment and job growth in recent years, and the elimination of the income tax is expected to further enhance its economic prospects. Governor Reeves believes that reducing taxes on work will attract more businesses and workers to the state, boosting income and employment opportunities. The decision aligns with a broader trend among states seeking to create more favorable economic environments through tax policy. By eliminating the income tax, Mississippi hopes to continue its trajectory of economic growth and become a more attractive destination for businesses and individuals alike. Key Takeaway
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Today's Technical Analysis
RSI Sell | MFI Sell | WillR Sell | AO Sell |
CCI Sell | BBANDS Sell | ULTOSC Sell | STOCH Sell |
RSI Sell | MFI Sell | WillR Sell | AO Sell |
CCI Sell | BBANDS Hold | ULTOSC Sell | STOCH Sell |
RSI Hold | MFI Sell | WillR Sell | AO Sell |
CCI Sell | BBANDS Sell | ULTOSC Sell | STOCH Sell |
RSI Hold | MFI Sell | WillR Sell | AO Sell |
CCI Sell | BBANDS Sell | ULTOSC Hold | STOCH Sell |
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Technical Indicator Information
Relative Strength Index (RSI) | Period: 14 days | Overvalued threshold: 70 | Undervalued threshold: 30
Money Flow Index (MFI) | Period: 14 days | Overvalued threshold: 80 | Undervalued threshold: 20
Williams Percent Range (WillR) | Period: 14 days | Overvalued threshold: -20 | Undervalued threshold: -80
Aroon Oscillator (AO) | Period: 14 days | Overvalued threshold: 75 | Undervalued threshold: -75
Moving Average Convergence/Divergence (MACD) | Period: 26/12/9 days | Overvalued threshold: MACD crosses below MACD Signal | Undervalued threshold: MACD crosses above MACD Signal
Stochastic Oscillator (STOCH) | Period: 14/3/3 days | Overvalued threshold: %K crosses below %D above 80 | Undervalued threshold: %K crosses above %D below 20
Commodity Channel Index (CCI) | Period: 20 days | Overvalued threshold: 100 | Undervalued threshold: -100
Bollinger Bands (BBANDS) | Period: 20 days | Overvalued threshold: price >= upper band | Undervalued threshold: price <= lower band
Parabolic Stop and Reverse (SAR) | Period: variable 50 - 100 days | Overvalued threshold: SAR crosses above price | Undervalued threshold: SAR crosses below price
Triple Exponential Average (TRIX) | Period: 15 days | Overvalued threshold: TRIX crosses below 0 | Undervalued threshold: TRIX crosses above 0
Ultimate Oscillator (ULTOSC) | Period: 28/14/7 days | Overvalued threshold: 70 | Undervalued threshold: 30
Directional Movement Index (DMI) | Period: 14 days | Overvalued threshold: PlusDI crosses below MinusDI | Undervalued threshold: PlusDI crosses above MinusDI
Average Directional Index (ADX) | Period: variable 14 days | Requirement: >= 25
Analysis is only performed on securities with market caps in excess of $100 million and with daily trade volume in excess of $50 million.
Disclaimers
The information in our newsletter is not intended to constitute investment advice and is not designed to meet your personal financial situation. It is provided for information purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor or a group of investors. It should not be assumed that any investments in securities, companies, sectors or markets identified and described will be profitable. We strongly advise you to discuss your investment options with your financial advisor prior to making any investments, including whether any investment is suitable for your specific needs.
Although we obtain information contained in our newsletter from sources we believe to be reliable, we cannot guarantee its accuracy. The analysis provided in this newsletter is based on the prior trading day’s closing prices and may not reflect after-hours trading, earnings announcements, or other significant market events that occur outside regular trading hours. As such, any data or commentary may not fully capture the latest market movements or emerging factors. For the most current and comprehensive view, please consider additional sources or consult with a qualified financial professional.
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