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The Most Trusted Almanac Used by Savvy Investors to Profit Year after Year! Created by Yale Hirsch in 1967, the Stock Trader's Almanac has delivered money-making insights and strategies to investors for more than six decades. The Almanac originated such important market phenomena as the "January Barometer" and the "Santa Claus Rally" and was instrumental in popularizing other tradable strategies, such as "The Best Six Months Strategy" (commonly known as "Sell in May and Go Away") and the four-year Presidential Election Cycle. Mr. Hirsch imparted his knowledge of the stock market to his son, Jeffrey Hirsch. who joined the organization as a market analyst and historian under the mentorship of his father in 1990 and became editor-in-chief some years later. Even since, Jeff has carried on his father's tradition of constantly improving the Stock Trader's Almanac and has been tireless in his efforts to explain how investors can use the Stock Trader's Almanac to beat the market. Jeff regularly appears on major news networks such as CNBC, CNN and Bloomberg; he is quoted extensively in major newspapers and financial publications; and he is in high demand as conference speaker. In short, he is the media's "go-to guy" on all things related to applying the lessons of history to today's stock market. The 2022 Stock Trader's Almanac, the 55th Annual Edition, continues its rich tradition of showing you the cycles, trends, and patterns you need to know in order to trade and/or invest with reduced risk and for maximum profit. Trusted by Barron's, The Wall Street Journal, the New York Times, and many other respected market authorities, this indispensable guide has helped generations of investors. Order your copy to make smarter, more profitable investment decisions in 2022.
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COVER
TITLE PAGE
COPYRIGHT
INTRODUCTION TO THE FIFTY-FIFTH EDITION
2022 OUTLOOK
2022 STRATEGY CALENDAR
JANUARY ALMANAC
FEBRUARY ALMANAC
MARCH ALMANAC
APRIL ALMANAC
MAY ALMANAC
JUNE ALMANAC
JULY ALMANAC
AUGUST ALMANAC
SEPTEMBER ALMANAC
OCTOBER ALMANAC
NOVEMBER ALMANAC
DECEMBER ALMANAC
DIRECTORY OF TRADING PATTERNS AND DATABANK
DOW JONES INDUSTRIALS MARKET PROBABILITY CALENDAR 2022
RECENT
DOW JONES INDUSTRIALS MARKET PROBABILITY CALENDAR 2022
S&P 500 MARKET PROBABILITY CALENDAR 2022
RECENT
S&P 500 MARKET PROBABILITY CALENDAR 2022
NASDAQ COMPOSITE MARKET PROBABILITY CALENDAR 2022
RECENT
NASDAQ COMPOSITE MARKET PROBABILITY CALENDAR 2022
RUSSELL 1000 INDEX MARKET PROBABILITY CALENDAR 2022
RUSSELL 2000 INDEX MARKET PROBABILITY CALENDAR 2022
DECENNIAL CYCLE: A MARKET PHENOMENON
PRESIDENTIAL ELECTION/STOCK MARKET CYCLE: THE 188-YEAR SAGA CONTINUES
DOW JONES INDUSTRIALS BULL AND BEAR MARKETS SINCE 1900
STANDARD & POOR’S 500 BULL AND BEAR MARKETS SINCE 1929 NASDAQ COMPOSITE SINCE 1971
A TYPICAL DAY IN THE MARKET
THROUGH THE WEEK ON A HALF-HOURLY BASIS
TUESDAY MOST PROFITABLE DAY OF WEEK
NASDAQ STRONGEST LAST 3 DAYS OF WEEK
S&P DAILY PERFORMANCE EACH YEAR SINCE 1952
NASDAQ DAILY PERFORMANCE EACH YEAR SINCE 1971
MONTHLY CASH INFLOWS INTO S&P STOCKS
MONTHLY CASH INFLOWS INTO NASDAQ STOCKS
NOVEMBER, DECEMBER AND JANUARY: YEAR’S BEST THREE-MONTH SPAN
NOVEMBER THROUGH JUNE: NASDAQ’S EIGHT-MONTH RUN
DOW JONES INDUSTRIALS ANNUAL HIGHS, LOWS & CLOSES SINCE 1901
S&P 500 ANNUAL HIGHS, LOWS & CLOSES SINCE 1930
NASDAQ ANNUAL HIGHS, LOWS & CLOSES SINCE 1971
RUSSELL 1000 ANNUAL HIGHS, LOWS & CLOSES SINCE 1979
RUSSELL 2000 ANNUAL HIGHS, LOWS & CLOSES SINCE 1979
10
BEST
DAYS BY PERCENT AND POINT
10
WORST
DAYS BY PERCENT AND POINT
10
BEST
WEEKS BY PERCENT AND POINT
10
WORST
WEEKS BY PERCENT AND POINT
10
BEST
MONTHS BY PERCENT AND POINT
10
WORST
MONTHS BY PERCENT AND POINT
10
BEST
QUARTERS BY PERCENT AND POINT
10
WORST
QUARTERS BY PERCENT AND POINT
10
BEST
YEARS BY PERCENT AND POINT
10
WORST
YEARS BY PERCENT AND POINT
STRATEGY PLANNING AND RECORD SECTION
PORTFOLIO AT START OF 2022
ADDITIONAL PURCHASES
ADDITIONAL PURCHASES
SHORT-TERM TRANSACTIONS
LONG-TERM TRANSACTIONS
INTEREST/DIVIDENDS RECEIVED DURING 2022
BROKERAGE ACCOUNT DATA 2022
WEEKLY PORTFOLIO PRICE RECORD 2022 (FIRST HALF)
WEEKLY PORTFOLIO PRICE RECORD 2022 (SECOND HALF)
WEEKLY INDICATOR DATA 2022 (FIRST HALF)
WEEKLY INDICATOR DATA 2022 (SECOND HALF)
MONTHLY INDICATOR DATA 2022
PORTFOLIO AT END OF 2022
IF YOU DON’T PROFIT FROM YOUR INVESTMENT MISTAKES, SOMEONE ELSE WILL
PERFORMANCE RECORD OF RECOMMENDATIONS
INDIVIDUAL RETIREMENT ACCOUNT (IRA): MOST AWESOME MASS INVESTMENT INCENTIVE EVER DEVISED
G. M. LOEB’S “BATTLE PLAN” FOR INVESTMENT SURVIVAL
G. M. LOEB’S INVESTMENT SURVIVAL CHECKLIST
END USER LICENSE AGREEMENT
Cover
Table of Contents
Title Page
Copyright
Introduction to the Fifty-Fifth Edition
Begin Reading
End User License Agreement
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Copyright © 2022 by John Wiley & Sons, Inc. All rights reserved.
Published by John Wiley & Sons, Inc., Hoboken, New Jersey.
Editor in Chief
Jeffrey A. Hirsch
Editor Emeritus
Yale Hirsch
Director of Research
Christopher Mistal
No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, 222 Rosewood Drive, Danvers, MA 01923, 978-750-8400, fax 978-646-8600, or on the Web at www.copyright.com. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030, 201-748-6011, fax 201-748-6008, or online at www.wiley.com/go/permissions.
Limit of Liability/Disclaimer of Warranty: While the publisher and the author have used their best efforts in preparing this book, they make no representations or warranties with respect to the accuracy or completeness of the contents of this book and specifically disclaim any implied warranties of merchantability or fitness for a particular purpose. No warranty may be created or extended by sales representatives or written sales materials. The advice and strategies contained herein may not be suitable for your situation. You should consult with a professional where appropriate. Neither the publisher nor the author shall be liable for any loss of profit or any other commercial damages, including but not limited to special, incidental, consequential, or other damages.
For general information about our other products and services, please contact our Customer Care Department within the United States at 800-762-2974, outside the United States at 317-572-3993, or fax at 317-572-4002. For bulk or custom orders, please contact Special Sales at [email protected].
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ISBN: 978-1-119-84591-1 (paper)
ISBN: 978-1-119-84593-5 (ePDF)
ISBN: 978-1-119-84592-8 (ePub)
Once again, we have the honor of introducing the new edition of the Stock Trader’s Almanac. The Almanac provides you with the necessary tools to invest successfully in the twenty-first century.
J.P. Morgan’s classic retort “Stocks will fluctuate” is often quoted with a winkof- the-eye implication that the only prediction one can make about the stock market is that it will go up, down, or sideways. Many investors agree that no one ever really knows which way the market will move. Nothing could be further from the truth.
We discovered that while stocks do indeed fluctuate, they do so in well-defined, often predictable patterns. These patterns recur too frequently to be the result of chance or coincidence. How else do we explain that since 1950 the Dow has gained 27726.69 points during November through April compared to just 6588.43 May through October? (See page 54.)
The Almanac is a practical investment tool. It alerts you to those little-known market patterns and tendencies on which shrewd professionals enhance profit potential. You will be able to forecast market trends with accuracy and confidence when you use the Almanac to help you understand:
How our presidential elections affect the economy and the stock market— just as the moon affects the tides. Many investors have made fortunes following the political cycle. You can be sure that money managers who control billions of dollars are also political cycle watchers. Astute people do not ignore a pattern that has been working effectively throughout most of our economic history.
How the passage of the Twentieth Amendment to the Constitution fathered the January Barometer. This barometer has an outstanding record for predicting the general course of the stock market each year, with only 11 major errors since 1950, for an 84.5% accuracy ratio. (See page 18.)
Why there is a significant market bias at certain times of the day, week, month and year.
Even if you are an investor who pays scant attention to cycles, indicators and patterns, your investment survival could hinge on your interpretation of one of the recurring patterns found within these pages. One of the most intriguing and important patterns is the symbiotic relationship between Washington and Wall Street. Aside from the potential profitability in seasonal patterns, there’s the pure joy of seeing the market very often do just what you expected.
The Stock Trader’s Almanac is also an organizer. Its wealth of information is presented on a calendar basis. The Almanac puts investing in a business framework and makes investing easier because it:
Updates investment knowledge and informs you of new techniques and tools.
Is a monthly reminder and refresher course.
Alerts you to both seasonal opportunities and dangers.
Furnishes a historical viewpoint by providing pertinent statistics on past market performance.
Supplies forms necessary for portfolio planning, record keeping and tax preparation.