Are all-time highs better than 20-day highs at predicting future stock returns?
Surprisingly, no.
We tested this across the top 500 US stocks from 2010–2026.
Stocks making 20-day highs had stronger average forward returns than stocks making all-time highs across 5d, 20d, and 60d horizons:
• 5d: +0.17% vs +0.07%
• 20d: +0.88% vs +0.68%
• 60d: +2.78% vs +2.43%
Takeaway: breakouts were bullish on average, but the shorter-term breakout signal was actually stronger than the “all-time high” signal in this sample.
@OddStats This is such an oddly specific stat, but honestly that’s why I like this account. These weird market-structure breadcrumbs are way more useful than most generic analyst macro takes.
All the talk is on $DELL and @realDonaldTrump, but I don't consider it a great sign that, even with this push, there was a slight selloff into the close today. It also wasn't able to break above the declining trendline within this pennant pattern. Our team will be keeping a close eye on it over the next few days to see which side it breaks out on.
@KillaXBT@saylor When people say “Saylor is selling,” what exactly are they claiming?
Saylor personally selling BTC
Saylor selling $MSTR shares
Strategy selling corporate BTC
Those are three totally different things. Which one is the actual bear case?