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Friday, December 15, 2017 7:41:55 AM
Long-Term December Pattern Also Indicates Rally to Resume
By: Almanac Trader | December 14, 2017
Over the long-term, it has not been all that unusual for December to start off mixed and for DJIA, S&P 500 and NASDAQ to be unchanged or even down at the half-way point. This longer-term pattern can be seen in the following chart using data from 1950 through 2016 (1971 to 2016 for NASDAQ). Some of the weakness around mid-month is likely due to tax-related selling and some early end-of-year portfolio restructuring.
Historically weakness has generally come to end just after mid-month around the eleventh trading day and on the fifteenth trading day DJIA, S&P 500 and NASDAQ are generally back on track with a solid rally to wrap up the year. From its mid-month low to the last trading day of the year, NASDAQ has gained over 2% on average. S&P 500 and DJIA have averaged around 1.5%. Based upon December’s long-term pattern, look for the rally to resume between now and early next week.
http://jeffhirsch.tumblr.com/post/168551462263/long-term-december-pattern-also-indicates-rally-to
• DiscoverGold
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https://investorshub.advfn.com/Market-Direction-and-Trends-26249/
By: Almanac Trader | December 14, 2017
Over the long-term, it has not been all that unusual for December to start off mixed and for DJIA, S&P 500 and NASDAQ to be unchanged or even down at the half-way point. This longer-term pattern can be seen in the following chart using data from 1950 through 2016 (1971 to 2016 for NASDAQ). Some of the weakness around mid-month is likely due to tax-related selling and some early end-of-year portfolio restructuring.
Historically weakness has generally come to end just after mid-month around the eleventh trading day and on the fifteenth trading day DJIA, S&P 500 and NASDAQ are generally back on track with a solid rally to wrap up the year. From its mid-month low to the last trading day of the year, NASDAQ has gained over 2% on average. S&P 500 and DJIA have averaged around 1.5%. Based upon December’s long-term pattern, look for the rally to resume between now and early next week.
http://jeffhirsch.tumblr.com/post/168551462263/long-term-december-pattern-also-indicates-rally-to
• DiscoverGold
****************************************
*** For Market Direction and Trends visit our board:
https://investorshub.advfn.com/Market-Direction-and-Trends-26249/
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!
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