S&P 500 & Nasdaq Analysis and Trends

[DiscoverGold]

From Midterm Low NASDAQ Can Reach Nirvana
By: Almanac Trader | March 21, 2018

Yesterday we detailed how the Dow has gained nearly 50% from its midterm low to its pre-election year high and how the S&P 500 worst six months are more pronounced in the midterm year. Today’s focus is on how NASDAQ often reaches near market nirvana from its midterm low to its pre-election year high.

Since 1974 NASDAQ has gained 70.2% on average from its midterm election year low to its subsequent high in the following pre-election year. A swing of such magnitude is equivalent to a move from 5,000 to 8,500 or from the current Midterm low of 6,777 to 11,520. In the table below of the gains from the Midterm Low to the Pre-Election Year highs since NASDAQ was created in 1971 we have highlighted the concentration of four (4) October Midterm lows and four (4) December Pre-Election Year highs.



For additional perspective, here are the average annual gains by year of the 4-Year Presidential Election Cycle for NASDAQ and its Yearly Seasonal Patterns since 1971. Note the even more pronounced Worst Six Months decline in the Midterm Year for NASDAQ.





http://jeffhirsch.tumblr.com/post/172111350908/from-midterm-low-nasdaq-can-reach-nirvana

• DiscoverGold

Click on "In reply to", for Authors past commentaries