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Analyst: First five days of year a good indicator for full-year S&P performance

Last week, I told you about the January Indicator -- the link between stock performance in the S&P 500 in January and the remainder of the year.

Today, Citi chief equity strategist Tobias Levkovich expanded on the January Indicator in a segment on CNBC.

Quoting history, Levkovich said that if the S&P 500 is up for the first five days of the year, there's a 75 percent chance it will be up for the remainder of the year. If it is down for the first five days of the year, there's only a 44 percent chance it will be up for the year. (The S&P 500 is up a little more than 2.5 percent so far in 2010.)

You can see the entire interview below. Or, if there's a problem with your browser, you can see the interview by clicking here.












-- Frank Ahrens
Follow me on Twitter at @theticker

By Frank Ahrens  |  January 11, 2010; 4:10 PM ET
Categories:  The Ticker , Wall Street  | Tags: Citi, Tobias Levkovich, s&p 500  
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