Replies to post #19513 on Market Direction and Stock Trends

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Election-Year Pattern Indicates Yearend Rally Following some Early- December Weakness
By Almanac Trader

* December 5, 2016

Over the past year we have been closely tracking DJIA, S&P 500 and NASDAQ performance in 2016 compared to past election years and 8Th Years of Presidential terms. Losses in January put the market on the losing 8th-Year track and that track suggested a February or early March rebound. The market did bottom in February and rebound to an April high before weakening once again. Following the Brexit vote, the market responded positively and clearly broke free of the potentially disastrous 8th-Year pattern.

However, in doing so we then began to anticipate market weakness sometime in September or October timeframe. DJIA and S&P 500 did decline in both of those months while NASDAQ did not falter until October. Using the Election-Year pattern once again as a source, not the sole source, the pattern does suggest DJIA and S&P 500 will rally to close out the second half of December after some modest weakness in the first half of the month.







http://jeffhirsch.tumblr.com/post/154095342693/election-year-pattern-indicates-yearend-rally

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