Friday, January 7, 2011

$$ January First 5 Recap

The fifth day of January closed at 1271.50, or 1.1% higher than the December 31 close.  The last 38 times the 5th trading day in January closed above the prior yearly close, the market had a positive year 33 times with an average gain of 14%.  If the first five days are up, but up less than 1.6% as here, 17 out of 22 years finished positive.

Among the five exceptions, there have only been three serious double-crosses:  1966 (-13.1%), 1973 (-17.4%) and 2002 (-23.4%).
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3 comments:

  1. marketliveJanuary 7, 2011 at 3:10 PM

    Guess the 80 year is turning into an 81 year or maybe 82 year.

    ReplyDelete
  2. UnknownJanuary 7, 2011 at 8:12 PM

    Frizshizzle's T Theory Observations is looking for a 1349 top. He extended T-13 to April 7.

    here's the link http://ttheorist.wordpress.com/

    ReplyDelete
  3. PositionSizingJanuary 7, 2011 at 10:09 PM

    Thanks Marshall - had no idea Frizshizzle had a blog.

    ReplyDelete