Breakdown of S&P500 Rallies and Corrections

Since the lows in 2009 there have been 8 rallies, averaging 26%, and 11 corrections that in total average about 9.7%. The most recent rally from the fourth quarter lows has been both longer in duration and larger in amplitude than the typical move over the past few years.

According to Carter Worth, Chief Marker Technician for Oppenheimer, this increases the market's vulnerability in the short term. But although he thinks we're due for a correction, markets should rebound in the second half of the year. Check out all the stats on Bloomberg:

Source:

Why You Sell in May and Go Away (Bloomberg)