No Tradable Signal From January’s First Five Days

Posted on January 9, 2014 | Investor Update

One indicator, the “First Five Days,” suggests the S&P 500’s full-year returns can be determined by how the index performs during the first five days of the year. If the first five days are positive, January’s returns will be positive and the calendar year will end with a 12-month gain. According to the Stock Trader’s Almanac, the last 40 up First Five Days were followed by full-year gains 34 times.

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