Market On Track to Hit Our January Indicator Trifecta

Market On Track to Hit Our January Indicator Trifecta

Jeffrey Hirsch Jeffrey Hirsch

Jeffrey Hirsch

Editor in Chief at Stock Trader's Almanac | CEO Hirsch Holdings Inc.

发布日期: 2023年1月24日
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Following January’s mid-month retreat that pulled DJIA negative year-to-date, the bulls appear to be back in the driver’s seat with solid gains last Friday and again Monday. DJIA is now up 1.77% for the year. S&P 500 is up a solid 4.62%. NASDAQ is leading with an 8.29% advance. Russell 2000 is second best at 7.06%.

Compared to the recent 21-year January trend, this year is well above average and appear poised to buck the second half of the month weakness that many recent Januarys have experienced.

With five trading days remaining the market is also on course to hit our January Indicator Trifecta having already registered positive Santa Claus Rally and First Five Day readings. A full-month January gain is all that remains to satisfy the even more bullish Trifecta after a prior year bear market.

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