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Wednesday, January 16, 2019 4:12:46 PM
Typical Pre-Election Year January Trading: Up, Up & Away
By: Almanac Trader | January 16, 2019
In pre-election years, Januarys have been downright stellar ranking #1 for S&P 500, NASDAQ, Russell 1000 and Russell 2000 and #2 for DJIA since 1950. Thus far, this January has been adhering to this historical tendency rather well. As of yesterday’s close, Russell 2000 was leading the charge, up nearly 7.2%. NASDAQ was in second place with a gain of 5.9% while DJIA was at the back of the pack at 3.2%.
Looking at the chart below, comparing past historical average pre-election year January performance with 2019 as of the close on the eleventh trading day (January 15), you can see all five indexes are have produced above average gains throughout most of the month already. You can also see that, on average, the trend from now until the end of the month has been quite positive which suggests further gains are possible.
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By: Almanac Trader | January 16, 2019
In pre-election years, Januarys have been downright stellar ranking #1 for S&P 500, NASDAQ, Russell 1000 and Russell 2000 and #2 for DJIA since 1950. Thus far, this January has been adhering to this historical tendency rather well. As of yesterday’s close, Russell 2000 was leading the charge, up nearly 7.2%. NASDAQ was in second place with a gain of 5.9% while DJIA was at the back of the pack at 3.2%.
Looking at the chart below, comparing past historical average pre-election year January performance with 2019 as of the close on the eleventh trading day (January 15), you can see all five indexes are have produced above average gains throughout most of the month already. You can also see that, on average, the trend from now until the end of the month has been quite positive which suggests further gains are possible.
Read Full Story »»»
• 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!
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