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Thursday, January 03, 2019 9:03:53 AM
Typical January Trading: Strength Early and That’s Been About It Recently
By: Almanac Trader | January 2, 2019
Historically, the New Year has started out well with modest gains the first few trading days of January. Since 1980, DJIA has averaged a 0.30% gain on the first trading day of the year. S&P 500 has averaged 0.21% and NASDAQ 0.22%. Similar to slightly better average gains have been observed on the second trading day of January, but after that consistent gains have become elusive. January’s performance over the more recent 21-year period has been rather lackluster. Strength is still present, on average, at the start of the month, but quickly fades after the second or third trading day. Afterwards, the trend is sideways to lower, a brief pause mid-month and then more sideways to lower trading through the end of the month. Weakness is most pronounced just after mid-month, beginning around the 12th trading day of January.
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• DiscoverGold
By: Almanac Trader | January 2, 2019
Historically, the New Year has started out well with modest gains the first few trading days of January. Since 1980, DJIA has averaged a 0.30% gain on the first trading day of the year. S&P 500 has averaged 0.21% and NASDAQ 0.22%. Similar to slightly better average gains have been observed on the second trading day of January, but after that consistent gains have become elusive. January’s performance over the more recent 21-year period has been rather lackluster. Strength is still present, on average, at the start of the month, but quickly fades after the second or third trading day. Afterwards, the trend is sideways to lower, a brief pause mid-month and then more sideways to lower trading through the end of the month. Weakness is most pronounced just after mid-month, beginning around the 12th trading day of January.
Read Full Story »»»
• 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
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