This Stock Market Indicator Is 26 for 26 Since 1950 When It Comes to Predicting the Directional Movement in Stocks

Pardon the cliché, but one of the few certainties investors can look forward to on Wall Street is uncertainty. Whereas the iconic Dow Jones Industrial Average (DJINDICES: ^DJI), widely followed S 500 (SNPINDEX: ^GSPC), and innovation-driven Nasdaq Composite (NASDAQINDEX: ^IXIC) have a rich history of pushing higher over long periods, the directional movement of stocks over shorter timelines is completely unpredictable.

For instance, the Dow Jones, S 500, and Nasdaq Composite were mostly unstoppable in 2021, with all three indexes marching to multiple all-time highs. In 2022, it was the exact opposite, with all three indexes falling into a bear market and delivering their worst full-year returns since 2008.

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Source Fool.com