S&P ASX 200 Index - New calendar year closing high in December suggests additional gains

I note that December has delivered its usual upward bias with the S&P ASX 200 Index (XJO) gaining 1.71% for the month with 6 trading days till month end. I also note that yesterday marked a new calendar year closing high for the S&P ASX 200 Index. Interestingly, following a new calendar year closing high in December, the market had a tendency to continue the upward move to year end, producing an average additional gain of 1.38% with a win rate of 8 from 9.


Andrew McCauley
Statistical Research & Data Analyst

Andrew has over 25 years’ experience in the Australian financial markets sector with extensive knowledge of both equity derivatives and statistical analysis (predictive techniques). Andrew is responsible for delivering evidence based market...

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