Dec 29, 2016
Will the January Barometer Work in the Philippine Stock Exchange in 2017?
The January Barometer worked 9 out of 17 years in the Philippine Stock Exchange from the year 2000 to 2016. Will it work this 2017?
The January Barometer, by theory, is considered to be the identifier of the S&P 500 movement throughout the year by making the first month of the year as ground. The measure pertains that if the S&P 500 increased by the end of January compared to the onset of the month, traders could anticipate that there would be highs in the stock market during the rest of the year. The January Barometer worked…
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