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Will St.Patrick’s be ”Lucky” for the Wilshire 5000 in 2013?

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Courtesy of Doug Short.

Advisor Perspectives welcomes guest contributions. The views presented here do not necessarily represent those of Advisor Perspectives.

Happy St. Patrick’s Day to all!

The chart below illustrates the fact that St Patrick’s Day wasn’t so lucky for the broadest of U.S. stock indexes 13-years ago.

The Wilshire 5000 finds itself kissing the underside of two 10-year long resistance lines on St. Patrick’s Day 2013. Will it be different this time?


 

 

If the Wilshire 5000 breaks above these key resistance lines, it should bring good luck to this broad based index and the S&P 500.

For information about Kimble Charting Solutions, send an email to services@kimblechartingsolutions.com.

 

 

 

 

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