With the media focused last week on the “polar vortex” extreme cold, Chris Christie’s “BridgeGate,” the jobs report shock, Fed minutes, Robert Gates’ revelations, the BCS championship game, NFL football playoffs, the supply of legal pot in Colorado, handicapping the Golden Globes and other issues of great importance, scant attention was given to how “The First Five Days of January Trading” indicator fared. Get the Free Tracker App to find a Luvabella in Stock According to the Stock Trader’s Almanac:The S&P 500 failed to post a gain over the past five trading sessions officially making the First Five Day early warning system negative. S&P’s 0.6% decline is the first loss since 2008 when S&P plunged 5.3% in the first five days and 38.5% for the year. The last 23 down First Five Days were followed by full-year declines 11 times for a 47.8% accuracy ratio and a 0.2% average gain in all 23 years.Looking at some other statistics crunched by the Almanac and elsewhere looking back to 1950, a positive First Five Days has resulted in a full-year positive equity market some 85% of the time. When there is negative First Five Days, it is basically a 50/50 proposition on whether… Read full this story
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