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NEWS

US Stock Market in BeastMode💥 hitting "January Indicator Trifecta"

  • Chronicle Trade Group, LLC
  • Jan 31, 2023
  • 1 min read

Updated: Jan 31, 2023


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The stock market hit the "January Indicator Trifecta," which means all three seasonal indicators the Santa Claus rally, the First Five Days Early Warning System and the January Barometer post and the S&P 500 gains after the end of month closing bell on Tuesday, January 31st.


The Santa Claus rally, the First Five Days Early Warning System and the January Barometer are three seasonal indicators recorded by Yale Hirsch in his Stock Trader's Almanac in 1972. They constitute a trifecta of seasonal indicators in January and can predict the market's direction for the rest of the year.


Early in December the Dow Jones Industrial Average($DJI) signaled the Golden Cross

and with the S&P 500 ($SPX) gained of 15% from October Bear lows. During the most recent Santa rally period which includes the final five trading days of December and the first two

of January. The S&P 500 Index was also higher in the first five trading days of the month, which theoretically points to continued bullishness for the remainder of 2023. The "January Barometer" with the S&P 500($SPX) confirming the Golden Cross, correlates the probability of a bullish uptrend in 2023.


Embrace the Uncertainty of Probability!

 
 
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