By: Giovanny Moreano
Following the best September in 71 years for stocks, will the markets continue trending up?
Here is a look at how the major US averages performed after a positive September.
S&P 500 [.SPX 1146.24 5.04 (+0.44%) ]
In the past 30 years, the S&P closed up in September 14 times, or 47% of the time
Of the 14 instances that the S&P was positive in September, the index followed with a gain in October 9 times, or 64% of the time
The average gain in October when September was positive stands at 1.64%
The biggest gain in October following a positive September was recorded on 1982, when the index rose 11.04
In the past 61 years, the Dow closed up in September 24 times, or 39% of the time
Of the 24 instances that the Dow was positive in September, the index followed with a gain in October 13 times, or 54% of the time
The average gain in October when September was positive stands at 0.53%
The biggest gain in October following a positive September was recorded in 1998, when the index rose 9.56%
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