January Indicator for 2010

29Jan10

Barring a miracle run today, the market will close down for the month.

Over the last 80 years, when January finished in the red there has consistently been about an even-steven chance of the remainder of the year finishing either up or down (read more).

Doesn’t mean a whole lot to us short-term traders, but it’s a very blah omen for investors of the long-term persuasion.

Happy Trading,
ms

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Filed under: Time-based | 3 Comments

3 Responses to “January Indicator for 2010”

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1 TK on January 29, 2010 said:

I was wondering if DV(2) indicator for your SOTM report is correct at -100% today. Could you please check ?

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- 2 MarketSci on January 29, 2010 said:
  
  RE to TK: it’s correct based on my quotes. Using the SPY, I show the DV(2) value for yesterday’s close would be +0.05%, which would be a -100% short signal (again, based on the simple way we’re interpreting the indicator on the SOTM).
  
  michael
  
  Reply
  - 3 TK on January 29, 2010 said:
    
    Thanks. I should have checked your interpretation first !