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Wednesday, November 30, 2016 9:31:01 AM
Early December strength frequently fades into mid-month
By Almanac Trader
* November 28, 2016
Over the most recent 21-year time period, December has developed a pattern of opening with strength lasting until about the third day for DJIA, S&P 500 and Russell 1000 (NASDAQ and Russell 2000 tend to run a bit higher into the sixth or seventh trading day) before moving sideways and finally lower into mid-month giving back any gains and then some by the eleventh trading day. From there, the major indices generally consolidate until the fourteenth or fifteenth trading day before rallying to close out December. Early tax-loss selling is the most likely culprit from this first-half decline. In most years, buying any first-half December weakness ahead of mid-month results in solid gains by yearend.
http://jeffhirsch.tumblr.com/post/153792809278/early-december-strength-frequently-fades-into
• DiscoverGold
Click on "In reply to", for Authors past commentaries
By Almanac Trader
* November 28, 2016
Over the most recent 21-year time period, December has developed a pattern of opening with strength lasting until about the third day for DJIA, S&P 500 and Russell 1000 (NASDAQ and Russell 2000 tend to run a bit higher into the sixth or seventh trading day) before moving sideways and finally lower into mid-month giving back any gains and then some by the eleventh trading day. From there, the major indices generally consolidate until the fourteenth or fifteenth trading day before rallying to close out December. Early tax-loss selling is the most likely culprit from this first-half decline. In most years, buying any first-half December weakness ahead of mid-month results in solid gains by yearend.
http://jeffhirsch.tumblr.com/post/153792809278/early-december-strength-frequently-fades-into
• 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
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