Stock Poised to Gain 24% This Year

I knew this headline would grab you attention. 

The S&P 500 closed out the month of February today with a small loss, but for the entire month the index was able to gain 1.1%. This has the index up for the month of January and February in the same year for the 26th time since 1945.

Every single time the index has been able to accomplish this feat the S&P 500 closed the year in positive territory. Through two months the S&P 500 is up 6.2%, so it does have a buffer below it in the event it is down from now through the end of the year.

The key is that the average gain during the 26 years the S&P 500 was up in January and February was 24%. If the index follows history and closed up 24% it would have the S&P 500 finishing the year at 1768 - a gain of almost 17% from the current closing price of 1514.