You are cordially invited to join my free webinar “Stock
Trader’s Almanac 2022 Forecast, Mid-Month Update & January Indicator
Trifecta” webinar on Wednesday, January 19th at 1:00 pm ET.
Jeff will discuss his 2022 Annual Forecast and how his
January Indicator Trifecta will solidify his outlook. Find out the major
obstacles the market faces from the Fed, Inflation and the Midterm Elections.
Midterm election years are notoriously the worst year of the 4-Year Cycle and
the second year of New Democratic Presidents is even worse. Valuations are high
and the market appears toppy, so we are likely to experience more volatility in
2022, but midterm market weakness often sets up solid buying opportunities for
the Sweet Spot of the 4-year Cycle. Tune in for Jeff’s current outlook and
latest stock and ETF picks.
This year will be the 25th year that the stock market will be closed to honor Dr. King and his contributions to the world and civil rights. Martin Luther King, Jr. Day has only been observed since 1998 and market behavior around this holiday has not been added to the Stock Trader’s Almanac yet. We wanted to share with you the history of market performance around this holiday.
Overall the market has been more positive, on average, on the Friday before MLK day and weaker the Tuesday after. Though trading is rather mixed with a relatively even split of ups and downs on the day before and the day after. DJIA has been notably weak on Wednesday, down 14 times in the last 24 years. This mixed and choppy performance is possibly due to the fact that MLK day can either land in options expiration week or the week after. Both weeks have been rather volatile and weak since 1999.