Is Santa Coming This Year?

by Ryan Detrick, Senior Technical Strategist, Shaeffer's Investment Research

Is Santa Coming This Year?

We all know how strong December is historically. It is the only month that has been up the past five years and is the second strongest (only to April) the past 10 years. Going out further it is usually strong as well.

Is Santa Coming This Year?

We all know how strong December is historically. It is the only month that has been up the past five years and is the second strongest (only to April) the past 10 years. Going out further it is usually strong as well.

My pal Steven Russolillo at WSJ noted some great stats on December as well this morning, take a look here.

Now check out this chart above. Going back to 1950 for the DJIA, the majority of the gains happen the second half of the month. In fact, as of about the 15th, December is actually lower on average. Iā€™m guessing most donā€™t realize this (I sure didnā€™t).

So far this year December is down over a percent. Well, turns out this might not be that abnormal and we could be getting very close to a potential tradeable low and bounce into the New Year.

Copyright Ā© Ryan Detrick

Total
0
Shares
Previous Article

The Santa Claus Rally Season Is About To Begin

Next Article

NETFLIX INC (NFLX) NASDAQ - Dec 13, 2013

Related Posts
Subscribe to AdvisorAnalyst.com notifications
Watch. Listen. Read. Raise your average.