February's Midterm Seasonal Pattern Indicates Potential DJIA Stability

Jeffrey Hirsch, CEO of Hirsch Holdings and publisher of the Almanac Trader, posted on X that February's midterm seasonal pattern, coupled with a new all-time closing high by the Dow Jones Industrial Average (DJIA), suggests that the lows of February are likely in. This observation points to a potential period of stability for the DJIA, as historical patterns and recent performance indicate a positive trend. The analysis highlights the significance of seasonal trends in understanding market movements and provides insights into potential future performance.