EarningsBeats.com Digest for October 22, 2021
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Is 13 An Unlucky Number? Don't Tell That To The Industrials!
I've been studying history for many, many years. As a former practicing CPA who "never met a spreadsheet I didn't like", I have spent countless hours analyzing stock market behavior, searching for any advantage I can gain for myself and our EarningsBeats.com members. The current October 22nd through October 27th period tends to be bearish.
To learn more about this bearish historical period, please read my Trading Places blog article from Thursday titled, "Could We Have Just Topped?". After this current bearish period, however, we then enter the most bullish historical period of the year, from the October 27th close through the
November 5th close. That kicks off the month of November, where industrials (XLI) have thrived for a long, long time. Check out this seasonality chart:
Any time a stock, industry, sector or key average shows this type of one-sided behavior, it's impressive, but the above seasonality chart isn't even the most impressive part of November industrial performance. Not only has it gone up the past 13 years, but it has OUTPERFORMED the S&P 500 all 13 years as well, which is absolute crazy! Check this out:
Let's get through this potentially rough patch and then look forward to brighter November skies ahead, especially for the industrials!
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Tom Bowley
Chief Market Strategist
EarningsBeats.com
Better Timing. Better Trades.
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