Midterm Seasonal Pattern Update: Years Ending in 8 Possibly in Play

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Today’s modest 0.25% DJIA gain was sufficient to return DJIA to positive year-to-date performance. S&P 500 is currently up 1.82% year-to-date. Based upon historical performance in past midterm years, DJIA is currently slightly below average and S&P 500 is modestly above average. Although May started off poorly, DJIA and S&P 500 have been in rally mode for most of the month which is similar to the average performance recorded by past years ending in 8. If DJIA and S&P 500 are breaking away from typical midterm-year performance, the second half of May could be weaker than the first half followed by a stronger June.

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Stock Trader's Almanac (1059 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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