- Next Weeks Trends
- Posts
- October 9 2024
October 9 2024
Will There Be an October Be A Scary Time in The Markets?
John Kiritsis
October 09, 2024
October Forecast
October in an election year has been a down month 100% of the time. It will be interesting to see if this pattern continues.
October ushers in a season that can unsettle traders and investors, given its history of significant market crashes. However, this is precisely when the astute remain vigilant, seeking opportunities amid the uncertainty. As the month draws to a close and daylight wanes, intriguing prospects often emerge. These final days frequently reveal undervalued stocks with excellent long-term potential. Navigating this market landscape requires patience and strategic decision-making, turning challenges into opportunities.
Fall & Winter Market Season
(OCTOBER 1ST - JANUARY 1ST)
During this period, market movements are generally characterized by a strong directional trend. More often than not, the market experiences longer and more significant upward movements. While there are instances where the market trends downward, these are less common. Trades that align with the market's overall direction tend to last longer, typically between one to three weeks, and offer greater profit potential. Conversely, trades that go against the prevailing trend are usually shorter, often failing to reach the one-week mark, and tend to yield minimal profits, if any.
Upcoming & Current Trends
Seasonal Trends
Symbol | Start Date | End Date | Average % | History |
|---|---|---|---|---|
POET | 10-05 | 11-04 | -20.41% | Down 7 of past 8 Years |
NVIDA | 10-08 | 11-05 | +10.21% | Up 9 out of 10 past years |
MSTR | 10-10 | 11-07 | +10.23% | Up 9 out of 10 past years |
DIS | 10-11 | 11-08 | +5.53% | Up 9 out of 10 past years |
MMM | 10-11 | 11-08 | +6.10% | Up 9 out of 10 past years |
Earnings Trends
Symbol | Before Earnings | Average % | History | Earnings Date |
|---|---|---|---|---|
STT | 6 Days | +4.35% | Up 19 out of 23 years | 10-15-24 |
V | 20 Days | +1.08% | Up 13 out of 16 years | 10-29-24 |
BKNG | 20 Days | -2.00% | Down 5 out of 6 years | 10-30-24 |
"I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful." — Warren Buffett
Disclaimer: The opinions expressed in this newsletter are those of NextWeeksTrends its editors and contributors, and may change without notice. The information in this newsletter may become outdated and we have no obligation to update it. The information in this newsletter is not intended to constitute individual investment advice and is not designed to meet your personal financial situation. It is provided for information purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor or a group of investors. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. We strongly advise you to discuss your investment options with a financial adviser prior to making any investments, including whether any investment is suitable for your specific needs. NextWeeksTrends is owned by MerlinDigitalMedia LLC. and it is not a registered investment advisor and does not provide individual investment advice. This is a publication for the general public.