Now that we’ve survived Octoberphobia and the market has begun to strengthen again, breaking out above resistance and logging new highs on DJIA, S&P 500 and NASDAQ, we are likely to experience a bit of consolidation here in November. Normally the top S&P month of the year and #2 for DJIA, NASDAQ and the Russell 2000, November has been weaker in Pre-Election Years.
As you can see in the chart of Pre-Election Year Seasonal Patterns above overlaid with 2019 we have been tracking all year November tends to be flat in the Pre-Election Year with a pop around Thanksgiving. Then after the usual first half of December softness the market tends to push toward additional new highs near yearend. Considering the banner performance so far this year and the uncanny tracking of this historical seasonal pattern, we expect the stock to consolidate over the next few weeks and then resume its march higher. Our stellar long-term track record speaks for itself. Our Best Six Months Switching Strategy – as many know as only “Sell In May” – continues to beat the market with evidence based results. As featured in the Stock Trader’s Almanac the Best Six Months November to April has gained 7.5% for the DJIA since 1950 while the worst months gain a paltry 0.6%. Overlaying our seasonal work with our old-school solid fundamental stock screen and technical analysis has pushed the performance of our stock picks way ahead of the market. Since inception in 2001 our picks have gained 508.4% vs 143.1% for the S&P 500.
Check out our CEO and Chief Market Strategist Jeff Hirsch discussing the impact of the Presidential Election Cycle on the market. So Don’t Delay! Subscribe Today! The Best Months have just begun. Take advantage of the market’s pause to pickup our latest ETF and Stock trades ahead of the yearend rally. Subscribe now. Get The 2020 Stock Trader’s Almanac for FREE when you subscribe, renew, or extend your subscription to my digital subscription service, Stock Trader’s Almanac Investor, at a savings of up to 57% off regular pricing. Sign Up Today at StockTradersAlmanac.com! Two ways to save:
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All of this and more is delivered weekly to your inbox via Email Alerts and webinars! Subscribe, Renew or Extend Now – this is a limited-time offer. Some fine print: Hirsch Holdings Offers a pro-rated refund on all cancelled annual subscriptions. Monthly subscribers can cancel at any time. You must remain an active subscriber for 3 billing cycles (monthly subscribers) or 3 months (annual subscribers) or you may be billed up to $50.00 for the Almanac plus $7 for shipping. Previous orders not eligible for discount. Kind regards, Jeffrey A. HirschCEO, Editor and Publisher