Latest News

S&P 500 is ‘nearly perfect’ when these 3 indicators align – Stock Trader’s Almanac


S&P 500 is ‘nearly perfect’ when these 3 indicators align – Stock Trader’s Almanac By

Breaking News


AuthorSenad KaraahmetovicStock Markets

Published Dec 22, 2023 13:10

© Reuters.

The Stock Trader’s Almanac continues to be bullish on stocks following their analysis of seasonal patterns and the 4-year Presidential Election cycle.

Analysts were one of the very few on the Street who correctly called the 2023 rally in risk assets. October’s late-month turnaround aligned with historical patterns, they said, setting the stage for the ‘Best Six Months’.

With the S&P 500 up 22.4%, NASDAQ up 41.2%, DJIA at new all-time highs, and the small-cap Russell 2000 outpacing big caps since October lows, their 2023 forecast – though not flawless – was spot on.

Analysts are now out with their 2024 forecast. The analysis is especially focused on the “Santa Claus Rally” which is an integral part of their “January Indicator Trifecta”, together with the “First Five Days” (of the year) and “January Barometer”.

“When all three are positive, our January Indicator Trifecta is nearly perfect with 28 S&P 500 full-year gains in 31 years,” the analysis said.

“We look forward to seeing Santa’s arrival and a positive Santa Claus Rally. Then we will be watching for a positive First Five Days and January Barometer, what we refer to as our January Indicator Trifecta. Until the market says otherwise, we anticipate them all to be positive,” analysts concluded.

When it comes to 2024 being an election year, Stock Trader’s Almanac noted that the market “hates uncertainty.”

“When a sitting president is running for reelection S&P 500 averages a gain 12.8% in election years since 1949.”

“The market hates uncertainty and with a sitting president running there is a good chance market, economic and civic conditions will likely remain unchanged whereas with an open field there are a great deal of unknowns. 2024 has that power of incumbency going for it.”

S&P 500 is ‘nearly perfect’ when these 3 indicators align – Stock Trader’s Almanac

Our Apps

Terms And Conditions
Privacy Policy
Risk Warning
Do not sell my personal information

© 2007-2023 Fusion Media Limited. All Rights Reserved.

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

‘It sneaks up on you:’ Tax season can be a perilous maze for small-business owners

Previous article

A Bull Market Is Coming: 2 Growth Stocks Down 61% and 32% to Buy Right Now

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News