| Followers | 680 |
| Posts | 141194 |
| Boards Moderated | 36 |
| Alias Born | 03/10/2004 |
Tuesday, December 06, 2016 8:59:18 AM
Election-Year Pattern Indicates Yearend Rally Following some Early- December Weakness
By Almanac Trader
* December 5, 2016
Over the past year we have been closely tracking DJIA, S&P 500 and NASDAQ performance in 2016 compared to past election years and 8Th Years of Presidential terms. Losses in January put the market on the losing 8th-Year track and that track suggested a February or early March rebound. The market did bottom in February and rebound to an April high before weakening once again. Following the Brexit vote, the market responded positively and clearly broke free of the potentially disastrous 8th-Year pattern.
However, in doing so we then began to anticipate market weakness sometime in September or October timeframe. DJIA and S&P 500 did decline in both of those months while NASDAQ did not falter until October. Using the Election-Year pattern once again as a source, not the sole source, the pattern does suggest DJIA and S&P 500 will rally to close out the second half of December after some modest weakness in the first half of the month.
http://jeffhirsch.tumblr.com/post/154095342693/election-year-pattern-indicates-yearend-rally
• DiscoverGold
Click on "In reply to", for Authors past commentaries
By Almanac Trader
* December 5, 2016
Over the past year we have been closely tracking DJIA, S&P 500 and NASDAQ performance in 2016 compared to past election years and 8Th Years of Presidential terms. Losses in January put the market on the losing 8th-Year track and that track suggested a February or early March rebound. The market did bottom in February and rebound to an April high before weakening once again. Following the Brexit vote, the market responded positively and clearly broke free of the potentially disastrous 8th-Year pattern.
However, in doing so we then began to anticipate market weakness sometime in September or October timeframe. DJIA and S&P 500 did decline in both of those months while NASDAQ did not falter until October. Using the Election-Year pattern once again as a source, not the sole source, the pattern does suggest DJIA and S&P 500 will rally to close out the second half of December after some modest weakness in the first half of the month.
http://jeffhirsch.tumblr.com/post/154095342693/election-year-pattern-indicates-yearend-rally
• DiscoverGold
Click on "In reply to", for Authors past commentaries
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
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
