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October 28, 2023 | Tech Talk for Saturday October 28th 2023

Don Vialoux

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Donald Vialoux is author of the free blog Tech Talk, a daily investment report available during the past 20 years at www.timingthemarket.ca. Comments focus on the seasonal and technical outlook for equity indices, commodities and sectors. Mr. Vialoux has 53 years of experience in the investment industry and is a past president of the Canadian Society of Technical Analysts (CSTA).

The Bottom Line

According to www.EquityClock.com “October 27th marks the average start to the best six months of the year for stocks.  Over the past five decades, the S&P 500 Index has gained an average of 8.12% between October 27th and May 5th.” In addition, the strongest nine day period in the year for the S&P 500 Index during the past 73 years according to StochChart’s Tom Bowley has been from the close on October 27th to the close on November 8th.

 

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October 28th, 2023

Posted In: Tech Talk

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