Market forecasting has been tough lately. The S&P corrected in a time interval that has traditionally been bullish. The coming week has been weak in terms of weather. Scanning the indices for the United States, we see that the best-performing has been the NY Composite, which is up about 54% compared to the weakest-performing Dow Jones Transport Index, which is up about 35% of the time. It’s been
We proceed to the middle of the month. The second half of the month consists of some of the strongest weeks of the calendar year. Indeed, the strongest period of the year in the DJIA since 1915 has lasted since December 15.th till 11 januaryth, The index has risen 74% times with an average gain of 2%. The annual return has been 27%. Below, we see a list of US indices and their returns over that period.
These figures are much better than the coming week. Thus, we see this week as mid-December-early January.
Here’s a screen of S&P stocks that have performed best over that period. To select certain stocks for short-term trades, the following strategy is employed. The best-performing stocks with at least 20 years of price data for the period December 15 to January 11 are calculated and presented below. Stocks are ranked based on the percentage of the time period in which the stock grew.
Invesco has risen 84.0% times. The return has been 6.07% and the expected return (the product of the first two numbers) is 5.1%. The stock has been trading for 25 years.
Best performing S&P 500 stocks since December 15th till 11 januaryth
From this list, stocks are examined by relative strength and dynamic cycles. The latter term refers to the most active cycles that are now generating profits.
Applied materials show increasing relative strength. The daily momentum shows a series of higher lows. Average low for the month 12 . occurred in the periodth 14. Throughth, This appears to be a buying point. The $160-$165 area is a potential target until early January.
Thermo Electron has demonstrated excellent relativistic strength. The pace seems to be creative. The stock price is due to hit new highs above $650 per share. December has been the second-strongest month for the stock to hold, up 66%. 14th Month’s low.