Don't Ignore This Chart!

S&P 500 Seasonal Patterns Remain Bullish

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The chart below shows the seasonal patterns for the S&P 500 over the last twenty years. The bars show the percent of months that the S&P 500 closed positive and the numbers at the bottom show the average change. Three months stand out from the rest: April, November and December. Notice that the S&P 500 was up 74% of the time each of these three months. Also notice that March is the fifth strongest month. The S&P 500 is up just over 4% so far this month and living up to its bullish bias.  April has an even stronger bullish bias with an average gain of 2.1%. Thus, the seasonal patterns suggest that the surge that began in mid February is set to continue and could even gain steam in April.

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--Arthur Hill CMT

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Announcement from the Author

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Arthur Hill
About the author: , CMT, is a Senior Technical Analyst at StockCharts.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
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