It was a negative week for stocks with choppiness throughout and an unsatisfied reaction by investors to the Feds policy statement Wednesday afternoon. Thursday looked promising which some credited to Fed member Janet Yellen's statements about interest rates staying low and how she felt things were going well for the economy, however that was quickly forgotten with a volatile Friday that closed near the week low.
There is a stark difference between the End of Year performance of an up vs. down January. However, I should also point out... stats that are acceptable in the trading community probably wouldn't hold up under scientific scrutiny, especially when there are only 64 points of data to speculate from.
So goes January, so goes the year (or at least that's what they say.) From 1950-2014, we'll contrast an up/down January against its End of Year gains Collectively,
Updated Yesterday at 03:23 PM by JTH
I'm not gonna lie, that was a rough month to trade, the volatility has been extreme, this is a day trader's dream, and some folks made a boat load of cash this month, unfortunately, I wasn't one of them. But considering the circumstances, key levels held and it could have been significantly worse than the end result of what we're stuck with
Examining unrealized potential If you started the year in the F-FundThen started in the S-Fund
Updated 01-30-2015 at 11:42 PM by JTH
It's been a heck of a start to 2015 as we have seen wild swings in both directions, and yesterday's (Thursday) swing was up. The Dow gained 225-points, and these triple digit moves seem commonplace these days. Of course a triple digit move in the Dow isn't what it used to be since at 17,000 plus, it takes 170-points to move the Dow 1%.
I wrote "February's Historical Performance" blog last week and have not posted it because some of this analysis is dependent on January's close.
In last weekend's blog... "I don't want to underscore the importance of this last week. "So goes January, so goes the year" and we have strong statistical evidence to back up that statement. My personal belief is that we will close both the week and the month up, it is a must! Over the past 64 Januaries 61% or 39 of 64 closed
Updated 01-30-2015 at 02:10 AM by JTH