Art Cashin On The First 5 Trading Days of the year - News and Current Events | futures io social day trading
futures io futures trading


Art Cashin On The First 5 Trading Days of the year
Updated: Views / Replies:694 / 0
Created: by kbit Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Art Cashin On The First 5 Trading Days of the year

  #1 (permalink)
Elite Member
Aurora, Il USA
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
 
kbit's Avatar
 
Posts: 5,872 since Nov 2010
Thanks: 3,301 given, 3,332 received

Art Cashin On The First 5 Trading Days of the year

In his daily note, UBS floor guy Art Cashin discusses the mystical, market powers ascribed by traders to the first five trading days of the year.
----------------
Wall Street lore is filled with patterns, both real and imagined, that impact or affect the trading in the opening week of the year. The foundation of many assumptions is that “new money for the NewYear” (pensions, et. al.) is ready to flood into the market and lift prices.

Even though the pre-opening futures make that look “dead on”, history is not so re-assuring. Here’s what the sharp- eyed veteran, Jim Brown, noted in this Premier Investor Newsletter:

Of the last 15 years there have been an almost even number of up days and down days (8-7) on the first trading day of the year. It is hard to see a trend there. If we extend it to cover the first week it remains a dead heat. However, if we look at the end of January compared to the first day of the year the Dow is down 10 times and up only 5. Looking even closer there was a significant sell off in January 12 out of 15 years. In some cases they lasted only a week or so but they were normally significant program driven declines. Once the year end money was invested a sharp selloff appeared to capture profits. I speculate the hedge funds were invested ahead of the retirement fund pop for mutual funds and the hedge funds took profits when it was over. The pattern is very well defined.

Jason Goepfert, of SentimenTrader found a pattern triggered by the kind of air-pocket selloff we saw on Wednesday and a more positive beginning to the New Year.

The reason that there’s so much attention to how the year opens is the First Five Days pattern, researched by Yale Hirsch of the “Stock Trader’s Almanac”. Of the 38 most recent years that the first five days resulted in a gain, the year, itself, was up 86.8% of time. The pattern is a bit less successful when the first five days are down.
That’s got a 50/50 yearend predictive value. The “First Five Day” pattern is one of the most widely discussed, maybe right behind the Super Bowl pattern.
For more on the "January effect", see here.


Read more: Art Cashin On The Mystical Powers Of The First 5 Trading Days Of The Year

Reply With Quote

Reply



futures io > > > > Art Cashin On The First 5 Trading Days of the year

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Art Cashin's Seasons Greetings Quick Summary News and Current Events 0 December 22nd, 2011 10:40 AM
Art Cashin Talks Market Dramamine Quick Summary News and Current Events 0 December 7th, 2011 11:00 AM
Art Cashin On The Possibility Of A "Christmas Rally", And The Certainty Of "The Post Quick Summary News and Current Events 0 December 6th, 2011 10:40 AM
Art Cashin: "Sitting On The Edge" Quick Summary News and Current Events 0 November 28th, 2011 10:20 AM
Art Cashin On The Most Important History Lesson Of The Last Century kbit News and Current Events 0 October 13th, 2011 12:00 PM


All times are GMT -4. The time now is 05:55 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-11 in 0.08 seconds with 19 queries on phoenix via your IP 54.82.79.109