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Early December strength frequently fades into mid-month

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This article is published in collaboration with Scutify, where you can find real-time markets and stock commentary from Robert Marcin, Cody Willard and others. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

Over the most recent 21-year time period, December has developed a pattern of opening with strength lasting until about the third day for DJIA, S&P 500 and Russell 1000 (NASDAQ and Russell 2000 tend to run a bit higher into the sixth or seventh trading day) before moving sideways and finally lower into mid-month giving back any gains and then some by the eleventh trading day. From there, the major indices generally consolidate until the fourteenth or fifteenth trading day before rallying to close out December. Early tax-loss selling is the most likely culprit from this first-half decline. In most years, buying any first-half December weakness ahead of mid-month results in solid gains by yearend.


This article was written by Jeff Hirsch for Almanac Trader on Nov 28, 2016.

This article published in collaboration with Scutify, the best app for traders and investors. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

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