Big Picture: Bias is Bullish, Market In Upward Channel From October 2023 Low, $VIX Below 20 (complacency)
Today´s Pivot is 5966
In the Sunday Post, I highlighted the historical significance of January’s market performance as a barometer for the full year. This seasonal pattern is likely to be closely monitored by investors in the coming weeks. Moreover, the US market has historically shown a tendency to perform strongly during the first half of January. The median two-week return for Jan H1 is around 1.1% as illustrated in the graph below. Just like any statistical data, this information should not be treated as a definitive predictor - it serves as a reminder that anything can happen in the stock market at any given time.
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