US stock market could move up after October
According to past statistics, US stock market could move up from end October
• Stocks have seen some of their worst selloffs in October, and this year may end up being no different.The crash of 1929 came during October, as did the 1987 crash, the stock market sell-offs of 1978 and 1979; Friday the 13th in 1989, and the painful 733 point drop on Oct. 15, 2008.
• Midterm election years are historically prone to bottoms, especially in October.
• According to 'Stock Traders Almanac,' there have also been big turnarounds in October, particularly in midterm election years.
• The October period is the beginning of what Stock Traders Almanac calls a "sweet spot," the three quarter period that includes the fourth quarter of midterm year and the first and second quarter of the pre-presidential election year. The Dow averages gains of 20.4 percent in those periods and the S&P is up an average 21 percent.
Article: https://www.google.com.sg/amp/s/www.cnbc.com/amp/2018/10/11/stocks-are-getting-caught-up-in-octoberphobia-but-could-see-rebound.html
Video: https://youtu.be/cef_eS6cFjo
• Stocks have seen some of their worst selloffs in October, and this year may end up being no different.The crash of 1929 came during October, as did the 1987 crash, the stock market sell-offs of 1978 and 1979; Friday the 13th in 1989, and the painful 733 point drop on Oct. 15, 2008.
• Midterm election years are historically prone to bottoms, especially in October.
• According to 'Stock Traders Almanac,' there have also been big turnarounds in October, particularly in midterm election years.
• The October period is the beginning of what Stock Traders Almanac calls a "sweet spot," the three quarter period that includes the fourth quarter of midterm year and the first and second quarter of the pre-presidential election year. The Dow averages gains of 20.4 percent in those periods and the S&P is up an average 21 percent.
Article: https://www.google.com.sg/amp/s/www.cnbc.com/amp/2018/10/11/stocks-are-getting-caught-up-in-octoberphobia-but-could-see-rebound.html
Video: https://youtu.be/cef_eS6cFjo
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