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Tuesday, July 26, 2016 8:44:26 AM
Almanac Trader: Hot July Markets & Late-Summer/Autumn Buying Opportunities
* July 26, 2016
Brexit concerns dissipated quickly and Q2 earnings were better than expected, sending DJIA up 8.3%, S&P 500 up 8.7% and NASDAQ up 11.0% from the post Brexit low to the July 22 close. This put DJIA up 3.6%, S&P up 3.6% and NASDAQ up 5.3% for the month of July so far, qualifying this as a Hot July Market. At its present trajectory, the market could finish July with a Top 10 performance when compared to all Julys since 1950.
Gains of this magnitude for July, however, have frequently been followed by a late-summer or autumn selloff and better buying opportunities than now. The table below of big July gains and subsequent declines since 1950 gives you a good look at the kind of buying opportunities that have occurred in the past following full-month July gains in excess of 3.5%.
http://jeffhirsch.tumblr.com/post/147962408168/hot-july-markets-late-summerautumn-buying
• DiscoverGold.
* July 26, 2016
Brexit concerns dissipated quickly and Q2 earnings were better than expected, sending DJIA up 8.3%, S&P 500 up 8.7% and NASDAQ up 11.0% from the post Brexit low to the July 22 close. This put DJIA up 3.6%, S&P up 3.6% and NASDAQ up 5.3% for the month of July so far, qualifying this as a Hot July Market. At its present trajectory, the market could finish July with a Top 10 performance when compared to all Julys since 1950.
Gains of this magnitude for July, however, have frequently been followed by a late-summer or autumn selloff and better buying opportunities than now. The table below of big July gains and subsequent declines since 1950 gives you a good look at the kind of buying opportunities that have occurred in the past following full-month July gains in excess of 3.5%.
http://jeffhirsch.tumblr.com/post/147962408168/hot-july-markets-late-summerautumn-buying
• DiscoverGold.
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
• DiscoverGold
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