Yale Hirsch (publisher of The Stock Trader’s Almanac) devised the “January Barometer” in 1972, stating: “As goes January, so goes the year.” If stocks are up in the month of January, it’s usually going to be a good year for the stock market.

Some people use the first five trading days of January for the “January Barometer”.

The first five trading days of 2009, including last Friday, ended yesterday with the NYSE up 1.39% while the NASDAQ was up 2.54%.

The Dow ended the day down 143.28 or -1.64% while the NASDAQ got slammed 45.42 or -2.81%.

The first trading week of 2009 ended with the NYSE down -3.58% while the NASDAQ slipped -3.71%.

Since 6/6/08, when the NLX NYSE turned Bearish, the NYSE has sank -37.68% over the last 217 calendar days.

Since 12/16/08, when the NLX NASDAQ turned Bullish, the NASDAQ has retreated -1.15%.

NLX NYSE +23

NLX NASDAQ +63

These reports express our opinions and suggestions, provided only as a supplement to your own further research and decisions. We take care to assure accuracy of contents, but accuracy is not guaranteed. Past performance does not imply future results.
 
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