Posts Tagged '$IWM'

Market Outlook December 2018: Season of the Rally

It is the season for rallies, but not the Santa Claus Rally quite yet. As I reiterated once again earlier this week on my blog, the Santa Claus Rally is not any seasonal rally in the fourth quarter of the year or around yearend, it is the usual short, sweet, respectable rally Santa brings to Wall Street within the last five days of the year and the first two in January.

The Santa Claus Rally was discovered and named by ...

Continue Reading →
0

Typical September Trading: Another Historically Challenging Month

Although August is the worst month of the year for the market since 1987 (recent 31-year period), September is the worst month going back to 1950 for DJIA and S&P 500. It is also the worst month for NASDAQ since 1971 and the worst for Russell 1000 and 2000 since 1979. Looking at the full month of September one day at a time, just before mid-month has offered the bulls the best opportunity with the chart exhibiting strength from around ...

Continue Reading →
0

Flat-Lining Advance/Decline Lines Flash Warning

At the open of trading today all the major indexes were all in positive territory, but by the closing bell only DJIA and S&P 500 remained in the green for the day, up 0.8% and 0.5% respectively. NASDAQ finished basically flat on the day after surrounding early-day gains in excess of 1%. Russell 2000 had the toughest day, closing down slightly less than 1.1%. This is a reversal of the trend that existed through much of June and the first ...

Continue Reading →
0

Hot July Market Blazes Past Historical Performance

As of today’s close DJIA is up 3.18% thus far in July. S&P 500 is slightly better at 3.26% while Russell 2000 is up 3.37%. NASDAQ is best up 4.41% with another six trading sessions to go in the month. As you can see in the chart below this is well above average historical July performance at this point of the month over the last 21 years. Early month strength (trading days three, four and five) was substantially greater this ...

Continue Reading →
0

Seasonal Research May 2018: Russell 2000 & Small Caps Best Record Week before Memorial Day Weekend

Over the last 21 years, DJIA has advanced just 47.6% of the time during the week before Memorial Day weekend. Of the five major indices we frequently cite, it is the weakest averaging a 0.29% loss. S&P 500, NASDAQ and Russell 1000 are better, but average performance over the last 21 years is still just a fractional gain. Russell 2000 has the best track record, up 71.4% of the time with an average gain of 0.42%. Since 2003, Russell 2000 ...

Continue Reading →
0

Seasonal Research March 2018: First Trading Day of Q2 DJIA and S&P 500 Advance 75.0% of the Time

 

According to the Stock Trader’s Almanac 2018, the first trading day of April is DJIA’s second best first trading day of months based upon total points gained. Only May’s first trading day is stronger. Looking back at the last 24 years, in the tables below, we can see DJIA and S&P 500 have both advanced 75.0% of the time (up 18 of last 24) with average gains right around 0.5%. NASDAQ and Russell 2000 have slightly weaker track records and smaller ...

Continue Reading →
0

Market Outlook February 2018: Bullish 2018 Forecast on Track, January Trifecta In Play

Incoming economic and corporate data readings along with the positive reception to the new tax law on Wall Street and in boardrooms across the country have conspired to keep my more bullish 2018 forecast scenarios from last month on track. Positive readings from the first two legs of my January Indicator Trifecta lend further support to our positive outlook for 2018. However, many have latched onto the notion that due to the fact that the market is off to its ...

Continue Reading →
0