| Followers | 679 |
| Posts | 141062 |
| Boards Moderated | 36 |
| Alias Born | 03/10/2004 |
Tuesday, June 06, 2017 6:55:08 AM
Above Average 1st 5 Months Increases Probability of Further Gains
By Almanac Trader | June 5, 2017
The S&P 500’s 7.7% gain in the first five months of 2017 was rather impressive and bodes well for the rest of 2017. Despite all the current market difficulty factors on several fronts from geopolitics to economics to valuations to technicals to seasonals, this sort of outperformance in the first five months of a year has been a solid indication of further gains.
It’s no guarantee, but of the other 33 years since 1950 where the S&P 500 was up more than the average 4.0% in the first 5 months, the next seven months suffered losses only 5 times for a win ratio of 84.8%. 1987 is the standout last 7-month loser and 2011 was the only one of the top 33 to give it all back. While the next several months are bound to be less easy for stocks, this is another feather in the cap of the bulls.
http://jeffhirsch.tumblr.com/post/161482994953/above-average-1st-5-months-increases-probability
• DiscoverGold
By Almanac Trader | June 5, 2017
The S&P 500’s 7.7% gain in the first five months of 2017 was rather impressive and bodes well for the rest of 2017. Despite all the current market difficulty factors on several fronts from geopolitics to economics to valuations to technicals to seasonals, this sort of outperformance in the first five months of a year has been a solid indication of further gains.
It’s no guarantee, but of the other 33 years since 1950 where the S&P 500 was up more than the average 4.0% in the first 5 months, the next seven months suffered losses only 5 times for a win ratio of 84.8%. 1987 is the standout last 7-month loser and 2011 was the only one of the top 33 to give it all back. While the next several months are bound to be less easy for stocks, this is another feather in the cap of the bulls.
http://jeffhirsch.tumblr.com/post/161482994953/above-average-1st-5-months-increases-probability
• 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
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.
