January Barometer

January 4, 2017 | Filed under: Financial, Stock

The January Barometer using data since 1950, and being around since 1972, when Stock Traders Almanac started toting “seasonal trends” SAYS…..

“As the S&P 500 (SPX) goes in January so goes the market”

It has been pretty accurate. Over a 85% correlation. So, many traders watch what happens for the month of January. To see what the market will do for the balance of the year.

The first 5 Trading days are a good indicator too. The first 5 days of trading gives us an early advanced notice of direct for the year, a high degree of prognostic power.

 

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