≈ Heard of the Super Bowl Indicator before? ≈
Heard of the Super Bowl Indicator before? You are likely better off if you have not as the Super Bowl Indicator is a theory that contends that a win by the NFC team in the Super Bowl will result in an upward trending market for the year while a win by the AFC team will result in a downward trending market for the year. While the Super Bowl indicator has been eerily effective, it is nothing more than a coincidence.
Two Thoughts Here:
- As traders we should always be careful about drawing conclusions from limited data. After all, one might flip a coin three times in a row and it comes up heads but the odds on the next flip are still 50%
- You likely will hear about numerous different ways to predict and interpret market price movement over the course of your trading career. Choose carefully what you listed to.
The Super Bowl Indicator is kind of silly but it is likely that someone out there will make a trading/investment decision based off of it. Call us old fashion, but we will stick with technical analysis.
By the way, the Kansas City Chiefs (AFC) won the Super Bowl yesterday.
Chart of the Day
S&P 500 (SPY)
Last week amidst the coronavirus scare the market gapped down to start the week which was foretelling of last week’s price action on Monday. Futures are pointing towards a slight gap up on Monday this week. Naturally, there is a lot to discuss over what transpired over the weekend so be sure to catch us on our live shows today.
Video of the day
The Super Bowl Indicator
What does the super bowl indicator say about this year’s market?
Today’s line up
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