The January Effect offers an opportunity to potentially make about 30% in three months. It is a phenomenon that makes prices of certain stocks rise more in January than the market averages.
Over the last 30 years, we have made money from the January Effect about 75% of the time, broken even about 10% of the time, and lost money about 15% of the time. Odds favor that the January effect will be profitable this year.
Let us illustrate with an example of the solar-power stock SunEdison SUNE.
Even though oil prices do not have much to do with solar power, solar-power stocks tend to track with oil. The chart shows the first down leg related to oil. The chart shows three more down legs related to balance sheet concerns. The background colors are based on one of our algorithms; red for bearish, green for bullish and blue for neutral.
The chart also shows the buy zone, the first target zone and the second target zone. The stock market is dynamic and as such at The Arora Report these zones are reviewed daily and revised as appropriate…Read more at MarketWatch
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