June’s Boon – 5% DJIA Gain Already

Charts, Commentary, News, Stocks

Nearly two weeks ago we examined the history of June market performance after a down May following a strong January to April. That analysis suggested that this June could produce above average market gains. Thus far, the market has not disappointed. As of today’s close, DJIA is up 5.03% already this June. NASDAQ is second best, up 4.96%. S&P 500 and Russell 1000 are 4.89% higher. Russell 2000 is the laggard of the group, higher by a still respectable 3.96%. The true test for the market will arrive in the second half of the month as the end of the quarter nears. Historically, the second half of June has not been great for the market.

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Stock Trader's Almanac (1285 Posts)

Jeffrey A. Hirsch is Editor in Chief of the Stock Trader’s Almanac. His latest book "The Little Book of Stock Market Cycles" (Wiley) was published in August 2012. As a frequent participant in the MrTopStep IM-Pro Trading Room, he shares trading insights with our other professional traders and new traders eager to experience the power of collective intelligence. Join us today and get the edge only social trading can give you.

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