Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 4th of February.
Did the right team win the Super Bowl? Well, if you are bullish on the general market, the answer has to be no. If you are unsure on equities the answer is yes, the right team did win the Super Bowl. According to legend, when an AFC team wins the big one, the odds favor the stock market ending the year with a mediocre gain of around 3%. The last time the Baltimore Ravens won the Super Bowl the market closed down 11% that year. When a NFC team wins the Super Bowl, the stock market closes out the year with a average gain of over 10%. Maybe, just maybe, that is why the market is lower today?
Now it doesn't work like that every year, but it works 70% of the time for NFC teams and a little over 60% of the time for AFC teams. That is a pretty good win-loss ratio for most investors. At MarketClub, we tend not to take any of these Super Bowl theories seriously. Yes, you guessed it, we rely on our tried and true Trade Triangle technology to show us the way by spotting the major trends of the markets.
In addition to analyzing the major markets, we will be covering six stocks on the move: HUMANA INC (HUM), FIRST SOLAR (FSLR), GAMESTOP (GME), GANNET CO INC (GCI), SYSCO CORP (SYY) and finally, TIFFANY & CO (TIF).
Don't forget to watch and share your comments on our blog.
Have a great trading day,
Have a great trading day,
Adam Hewison
President INO.com and co-founder of MarketClub
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