What about combining of these two factors, The January Effect in small-caps and the Presidential Cycle?
By December 14, the weekly OBV was above its WMA, confirming the January effect.
The January effect is the tendency of low price, small-capitalization stocks to outperform in January.
FORBES: Why There May Be A January Effect For Large-Cap Stocks
Michael Burke of Investors Intelligence says the January effect may have come even earlier this year.
This indicated that the January effect, where small caps outperform, was going to be followed in 2012-2013.
Some analysts have argued that the January Effect has moved into December as investors look to front run this tendency.
The OBV moved above its WMA in the middle of December, which was perfect timing for the January effect.
Research has also shown that screening for small-caps down significantly from their highs in mid-December respond the best to the January Effect.
Does that prove the January effect works but only when January is positive?
Our research in the Almanac shows that most of the January effect, where small-cap stocks outperformed large caps, happened the last two weeks of December.
The January effect is also a stock market phenomenon that occurs at the end of the year as investors begin to fret over taxes.
Due to the uncertainty about 2013 tax rates, it is possible that we are seeing some stocks getting set up for a large-cap version of the January effect.
FORBES: Why There May Be A January Effect For Large-Cap Stocks
Under that scenario, the new Congress convening in early January would vote to lower taxes from the higher rates that will go into effect in January when the Bush cuts expire, with the new top rates staying intact.
One optimistic note for the near term, though: Tax selling, which tends to depress stock prices, will end in December and thus lay the groundwork for a January effect (when investors gobble up the marked-down stocks, leading to a mini-rally).
Brian Little inherited the worst squad in the league and his desperate attempt to bolster the playing staff in January did not have the desired effect.
At French Connection, like-for-like sales in the 24 weeks to 12 January - which exclude the effect of newly opened stores - were reported to have fallen by 2.9% from a year earlier, of which 1.9 percentage points were due to the late start of its sale, the firm claimed.
BBC: French Connection and Thorntons down on trading reports
When the law comes into effect on 1 January, the Golden State will become the first to outlaw the practice for people under the age of 18.
If automatic changes that represent the fiscal cliff go into effect January 1st, Congress can address the fiscal cliff early next year and pass retroactive legislation.
In terms of spurring economic investment overall, even the independent Congressional Budget Office in a January 2010 report said the effect of these tax deductions are diminished when the economy is weak.
The changes will take effect at the end of January, giving Mr. Lew time to wrap up details on the president's budget proposal due next month.
Under that scenario, legislators would vote to lower taxes from the higher rates that will go into effect in January when the Bush cuts expire, with the new top rates staying intact.
CNN: Down to the fiscal cliff wire, with no solution in sight
Initially the cuts were to go into effect on January 2, but the government delayed the impact of sequestration for the first two months of 2013.
The decree should have come into effect at the end of January but on January 21st the government put back the deadline to July 31st.
The move went into effect in January, prompting a backlash from activists who flooded a petition on the White House's website.
The spending reductions were to have taken effect on January 1, but the year-end fiscal cliff negotiations kicked the can down the right, delaying the cuts two months in hopes that an agreement could be reached.
FORBES: Competing Senate Bills Fail; Sequestration Is Here (For Now)
Ministers say the changes, which take effect on 7 January, are needed to help the deficit reduction plan.
In the December 12 article Profit Now From January Effect, I recommended two closed-end funds, one of which was the Royce Value Trust ( RVT).
The full removal of the ban takes effect on January 4, 2010.
On this evidence, Burnley have used the January transfer window to telling effect by extending Nugent's loan deal and signing former Celtic defender Fox.
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